A separate BDS facility, provided by the EU and implemented by IFAD, is available for Yield Fund’s investees to help them towards successful business growth and expansion. While access to capital is a necessary condition for business growth and expansion, it is not by itself sufficient. Entrepreneurs also need access to high quality Business Development & Management Support, particularly in the areas of improving business administration (policies, procedures, internal controls) and financial management systems.

Business Development Support is essential for business growth, and hence for building successful businesses. This Technical Assistance support directly benefits organizations through marked business performance improvement in the short, medium and long term.

In the wake of the COVID-19 pandemic which has not spared the Yield Fund Investees, IFAD has been working closely with its partners at the European Union, PCP and KPMG to better understand how companies can be supported to absorb and respond to the shock. One of the key steps taken include increasing the subsidy for BDS implementation costs from 50% to 85% across all interventions for existing and future Investees.