Affordable Financing Options for Artisanal Fishing

Affordable Financing Options for Artisanal Fishing

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Affordable Financing Options for Artisanal Fishing
Affordable Financing Options for Artisanal Fishing
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Provide affordable and flexible finance with short-term repayment periods, targeting low-income fishing communities, for the purpose of developing artisanal fishing practices and improving technical capacity of artisanal fisheries.

Expected Impact

Increase the sectoral productivity and growth, while ensuring local nutrition to everyone and preserve the inshore coral reef ecosystem.

How is this information gathered?
Updated: 19 Apr, 2024
Zanzibar
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
< 5% (CAGR)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Life Below Water (SDG 14) Industry, Innovation and Infrastructure (SDG 9)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Climate Action (SDG 13) Responsible Consumption and Production (SDG 12)

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Sector Sources
  • 1) Office of the Chief Government Statistician. 2022. Zanzibar Statistical Abstract, 2021. https://www.ocgs.go.tz/php/ReportOCGS/ZANZIBAR%20STATISTICAL%20ABSTRACT%202021.pdf 2) Zanzibar Investment Promotion Authority. 2020. Zanzibar Investment Guide. http://www.zipa.go.tz/pdf/guide2020.pdf 3) Zanzibar Planning Commission. 2020. Zanzibar Development Vision 2050. http://planningznz.go.tz/doc/new/ZDV2050.pdf 4) Ministry of Finance and Planning Tanzania. 2021. Tanzania National Five Year Development Plan. https://www.effectivecooperation.org/system/files/2022-02/FYDP%20III%20English.pdf 5)Tanzania Ministry of Agriculture. 2017. Tanzania Agricultural Sector Development Strategy Phase Il. https://asdp.kilimo.go.tz/ 6) Zanzibar Investment Promotion Authority. 2022. Zanzibar Investment Guide with Sector Profile. 7) Office of the Chief Government Statistician Ministry of Finance and Planning Zanzibar. 2020. 2019/20 Household Budget Survey. https://www.ocgs.go.tz/php/ReportOCGS/HBS%20Main%20Report_final%2031.12.2020%20printing%20(2).pdf 8) Revolutionary Government of Zanzibar. 2007. Zanzibar Strategy for Growth and Poverty Reduction. https://www.unpei.org/files/sites/default/files/e_library_documents/tz-zanzibar-strategy-growth-poverty-reduction.pdf 9) Zanzibar Agricultural Transformation for Sustainable Development, 2010-2020. 2009. https://www.gafspfund.org/sites/default/files/inline-files/ATI.pdf 10) Revolutionary Government of Zanzibar. 2008. Zanzibar Food Security and Nutrition Policy. 11) Ministry of Trade and Industrial Development. 2020. MSME Policy.
IOA Sources
  • 10) FAO, 2021. Financing fisheries in Africa, Case studies from the United Republic of Tanzania and Zambia 11) Ministry of Blue Economy and Fisheries, 2021. Intervention Plan for Zanzibar Fisheries Sector 12) The Revolutionary Government of Zanzibar. 2020. Zanzibar Blue Economy Policy. https://faolex.fao.org/docs/pdf/tan208265.pdf 13) Zanzibar Planning Commission. 2020. Annual Sustainable Development Goals (SDGs) Implementation Report, 2019/2020 Zanzibar. 14) Revolutionary Government of Zanzibar. 2010. The Zanzibar Fisheries Act. https://trade.tanzania.go.tz/media/The%20fisheries%20Act,%202010.pdf.