Special Initiatives

GIRSAL in partnership with Fidelity Bank implement the agribusiness component of the Fidelity Young Entrepreneurs’ Initiative, a program designed to empower youth-led businesses in Ghana. Launched in March 2021, the initiative provides both financial and non-financial resources to enable young entrepreneurs to survive and thrive. With an initial pilot of GHS 1 Million, the initiative has expanded to allocate GHS10 Million, of which GHS 5 Million is specifically dedicated to agribusinesses.

GIRSAL provides technical support and credit risk guarantees to qualified agribusinesses under this initiative, ensuring that young entrepreneurs in the agricultural sector have access to the resources they need to succeed. Applications under this initiative are rigorously assessed to ensure they meet GIRSAL’s standards, guaranteeing that only viable and impactful projects receive support.

The initiative offers seed capital and soft loans at a concessionary interest rate of 10% per annum, which is below the Ghana Reference Rate (GRR), along with flexible repayment terms and business management training to support beneficiary businesses. The program targets three key categories: start-ups, post-profit businesses, and female entrepreneurs, with a focus on applicants aged 18 to 40.

To further help expand access to finance for young Agripreneurs, GIRSAL has reduced its guarantee and management fees to 0.25% per annum for this scheme. This partnership underscores GIRSAL’s commitment to spur Ghana’s next generation of agripreneurs and agribusiness leaders.

By collaborating with Fidelity Bank, GIRSAL aims to nurture a new generation of innovative and resilient agribusinesses, contributing to the nation’s economic development.