Opportunity Information: Apply for SFOP0004343
The U.S. Department of State, through the Middle East Partnership Initiative (MEPI), offered a cooperative agreement grant opportunity titled "Supporting Private Sector Growth in Algeria" (Funding Opportunity Number SFOP0004343). The central aim of the program is to spur private sector growth by improving access to finance for Algerian small and medium-sized enterprises (SMEs). The opportunity is designed for applicants that can connect the dots between SMEs that need capital, business support organizations (BSOs) that can prepare firms to be finance-ready, and financial institutions or investors that can expand and adapt what they offer to better meet SME needs.
A key feature of this opportunity is that it builds directly on earlier MEPI efforts in Algeria. Those prior activities brought together a taskforce and network of BSOs and helped produce an Economic Reform Agenda (ERA) containing recommendations for business and economic reform. Proposals under this grant are expected to align with ERA Recommendation Three, "Financing Economic Activity," and to translate that recommendation into practical programming. In other words, the grant is not looking for general entrepreneurship support, but for targeted work that moves the financing ecosystem in a measurable way.
Applicants are expected to propose a clear strategy that does three things in parallel. First, it should work through established BSO networks rather than creating a disconnected, standalone initiative. Second, it should strengthen the ability of SMEs, especially high-growth firms, to access financing by improving their business and financial skills and helping them meet lender expectations. Third, it should engage lenders (traditional and/or non-traditional) to develop or refine financial products and services that fit SME realities, such as cash-flow patterns, collateral constraints, and growth trajectories.
The program frames its work around three objectives that applicants must address with detailed implementation plans. The first objective is to strengthen the capacity of banks and financial institutions so they can provide better business services (ERA Objective 8). This generally implies training and technical assistance for financial institutions, improvements in SME lending practices, and stronger client-facing services that make it easier for businesses to understand and use financial products. The second objective is to extend and diversify financing options for businesses (ERA Objective 9). This points to expanding the range of instruments available to SMEs, potentially including improved loan products, credit-related services, or engagement with alternative financing channels, depending on what is feasible in the Algerian context. The third objective is to bolster the business and financial acumen of high-growth SMEs so they can successfully obtain financing, which typically involves building investment readiness, strengthening financial management, improving the quality of financial statements and business plans, and helping firms navigate lender due diligence.
A strong emphasis is placed on monitoring and evaluation. Successful proposals must spell out how each objective will be achieved and also explain how data will be collected, analyzed, and used to track progress and outcomes. This means applicants should be prepared to define performance indicators (such as numbers of SMEs supported, improvements in financial literacy or financial reporting quality, numbers of lender partnerships formed, and uptake or piloting of new or adjusted financial products), and to demonstrate a credible plan for measuring results beyond simple participation counts.
The opportunity anticipates one award with a funding ceiling of $500,000. It is categorized as discretionary funding, with the instrument type listed as a cooperative agreement, which typically indicates a higher level of engagement or collaboration with the funding agency during implementation than a standard grant. Eligible applicants include public and state-controlled institutions of higher education, private institutions of higher education, nonprofits (including both 501(c)(3) and non-501(c)(3) organizations), and for-profit organizations other than small businesses. The CFDA number associated with the opportunity is 19.500. The posting indicates a creation date of April 12, 2018 and an original closing date of June 12, 2018.
Overall, the grant opportunity is aimed at practical, partnership-driven work that improves how SMEs in Algeria prepare for and obtain financing, while also pushing financial institutions and other capital providers to better serve the SME segment through stronger capabilities and more suitable products. The most competitive proposals would be those that demonstrate deep local partnerships with SMEs and BSOs, credible collaboration with lenders or investors, and a tightly defined plan to deliver measurable improvements in SME access to finance.Apply for SFOP0004343
- The Department of State, Assistance Coordination in the other (see text field entitled explanation of other category of funding activity for clarification) sector is offering a public funding opportunity titled "Supporting Private Sector Growth in Algeria" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 19.500.
- This funding opportunity was created on Apr 12, 2018.
- Applicants must submit their applications by Jun 12, 2018. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $500,000.00 in funding.
- The number of recipients for this funding is limited to 1 candidate(s).
- Eligible applicants include: Public and State controlled institutions of higher education, Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education, Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education, Private institutions of higher education, For profit organizations other than small businesses.
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