The Argidius Foundation and Aspen Network of Development Entrepreneurs have launched a new competition that aims to fund innovative ways and solutions in providing capital to small businesses in emerging markets.
Argidius-ANDE Finance Challenge’s goal is to provide small businesses with $20,000 to $250,000 in early stage financing. The AAFC is open to all for-profit or nonprofit organizations, financial institutions or teams within such organizations that help small and growing businesses obtain capital. Winners are required to have significant expertise in offering financial solutions in emerging markets, as well as established tools for measuring impact.
The challenge aims to fast-track innovative development programs that have the potential to be replicated. Winning proposals may meet one or all of the following criteria:
About the author
Louie-An Pilapil
Louie-An is a former senior development analyst at Devex Manila. She has held consulting and editorial positions at the Asian Development Bank in Manila and a business-to-business media company in Hong Kong and mainland China.
