Prêt d’honneur YADEC (Yvelines Afrique pour un Développement en Commun)
The scheme covers financing an economic international cooperation project in an eligible African country. Operations mentioned in the catalogue: projects with an economic purpose, i.e. generating their own financial flow to cover repayment of the loan granted, and whose destination is an African country, excluding territories under the sovereignty of a non-African country. Eligible countries: Algeria, Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Comoros, Congo, Côte d’Ivoire, Djibouti, Ethiopia, Gabon, Ghana, Gambia, Guinea, Guinea-Bissau, Equatorial Guinea, Liberia, Madagascar, Mali, Morocco, Mauritania, Niger, Uganda, DR Congo, Rwanda, São Tomé and Príncipe, Senegal, Sierra Leone, Sudan, Chad, Togo, Tunisia. To prepare an application, describe the business model, the flows that will repay the loan, the destination country and the co-funders. The criteria and conditions below come from the catalogue and must be compared with the up-to-date official rules.
Prêt d’honneur YADEC (Yvelines Afrique pour un Développement en Commun) aims to created in 2015 on the initiative of the Yvelines Département, the public interest group “Yvelines coopération internationale et développement” (YCID) aims to promote, support and showcase international cooperation initiatives, particularly towards Africa, led by Yvelines stakeholders: local authorities, international solidarity associations, training or health establishments and businesses. Funded mainly by an allocation from the Departmental Council, its activities focus on advocacy and mobilising stakeholders in the Yvelines, development aid and strengthening economic links between the Yvelines and the African continent. Through the YADEC honour loan fund (Yvelines Afrique pour un Développement en Commun), YCID intends to promote forms of investment that complement its more traditional development aid activities. The fund is intended to support economic initiatives that can help reduce poverty in Africa while also having an impact on growth in the Yvelines. The YADEC fund is delegated to the honour loan association AFACE 78, which selects and monitors the projects. In practice, the scheme covers financing an economic international cooperation project in an eligible African country. Before including it in your financing plan, check the area covered (local scheme), the company’s profile and the current financial terms.
Funded by Yvelines Coopération Internationale et Développement (YCID)
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Who can apply
Beneficiaries mentioned in the catalogue: legal entities with their registered office or a legally registered establishment in the Yvelines, with no other loan pending under this fund, and that are members of YCID or have applied for membership.
Eligibility conditions
Conditions listed in the catalogue: the beneficiary undertakes to take out death and permanent disability insurance in favour of the lender to cover their personal risks. The honour loan is not intended to finance the whole project; participation by one or more funders other than AFACE is compulsory if the applicant’s equity is insufficient. The beneficiary undertakes to put the loan amount into the share capital or a shareholder current account (for companies), to be used in line with the project presented.
What the scheme covers
Operations and exclusions mentioned in the catalogue: projects with an economic purpose, i.e. generating their own financial flow to cover repayment of the loan granted, and whose destination is an African country, excluding territories under the sovereignty of a non-African country. Eligible countries: Algeria, Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Comoros, Congo, Côte d’Ivoire, Djibouti, Ethiopia, Gabon, Ghana, Gambia, Guinea, Guinea-Bissau, Equatorial Guinea, Liberia, Madagascar, Mali, Morocco, Mauritania, Niger, Uganda, DR Congo, Rwanda, São Tomé and Príncipe, Senegal, Sierra Leone, Sudan, Chad, Togo, Tunisia.
Amount and funding terms
Amount and terms listed in the catalogue: an interest-free, unsecured 0% honour loan, repayable over a maximum of 5 years. Amount: from €15,000 minimum to €50,000 maximum. For projects under €30,000, the loan represents up to 50% of the project, and no equity is required if funders other than AFACE are found. For projects over €30,000, the loan represents one third of the project, with compulsory equity of one third of the budget and compulsory participation by funders other than AFACE of one third of the budget (if equity is insufficient).
How to apply
1. Check that the company, the area and the project fall within the scope of Prêt d’honneur YADEC (Yvelines Afrique pour un Développement en Commun). 2. Identify the costs or needs that can be financed and the exclusions. 3. Build a complete financing plan, including the required contributions and co-financing. 4. Prepare the accounts, forecasts, quotes and documents specific to the operation. 5. Have the written terms of the loan — rate, term, deferral, fees, guarantees and repayment conditions — confirmed before any decision.
Timeline
The opening timetable and deadline are not confirmed by the information available. Ask the funder for the deadlines, the review time and the rule on when the operation may start.
Key facts
- Funder
- Yvelines Coopération Internationale et Développement (YCID)
- Type of funding
- Honour loan
- Status
- Ongoing
- Maximum amount
- €50,000
- Automatically extracted — check the official source
- Minimum amount
- €15,000
- Automatically extracted — check the official source
- Geographic scope
- Île-de-France
Frequently asked questions
What need does Prêt d’honneur YADEC (Yvelines Afrique pour un Développement en Commun) cover?
Financing an economic international cooperation project in an eligible African country.
How much can be obtained?
Amount and terms listed in the catalogue: an interest-free, unsecured 0% honour loan, repayable over a maximum of 5 years. Amount: from €15,000 minimum to €50,000 maximum. For projects under €30,000, the loan represents up to 50% of the project, and no equity is required if funders other than AFACE are found. For projects over €30,000, the loan represents one third of the project, with compulsory equity of one third of the budget and compulsory participation by funders other than AFACE of one third of the budget (if equity is insufficient).
Which companies can apply?
Beneficiaries mentioned in the catalogue: legal entities with their registered office or a legally registered establishment in the Yvelines, with no other loan pending under this fund, and that are members of YCID or have applied for membership.
What should I prepare first?
Describe the business model, the flows that will repay the loan, the destination country and the co-funders. Then check the official documents required.
Official source
No official URL is available in our data for this grant.
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