The Dutch Good Growth Fund (DGGF) offers entrepreneurs financing for their projects in countries in Africa, Latin America, Asia and Eastern Europe. The purpose of the fund is to stimulate economic and social progress through trade and investments in emerging markets and developing countries.


Eligible applicants

  • Dutch small and medium-sized businesses (SMEs) that want to invest in and/or export to one of the countries included in the country list (refer to the sections below)
  • Local small and medium-sized businesses in one of the countries included in the DGGF country list (refer to the sections below)


Focus area

DGGF believes it is vital that Dutch and local entrepreneurs work responsibly in emerging markets and developing countries. Entrepreneurs with good proposals that are relevant to development can apply to the DGGF for loans, guarantees, and share capital (via intermediary funds). 



  • Dutch SMEs planning to invest in a business located in one of the DGGF countries may apply for a loan up to 49% (€10 million) or a guarantee up to 60% of the financing required. The Dutch SME is required to fund at least 20% of the investment from its own resources and close any gap with commercial bank financing. This part of DGGF is managed by RVO, the agency of the Government of the Netherlands.
  • Dutch SMEs planning to export to a buyer in one of the DGGF countries may apply for export credit insurance (up to €15 million) and, in case of Least Developed Countries, for export financing (up to €2 million). This part of DGGF is managed by Atradius Dutch State Business.
  • SMEs companies in DGGF countries can apply for funding (equity, convertible debt of ordinary debt) from impact funds supported by DGGF. This part of the DGGF is managed by a consortium of PwC and Triple Jump.


Target countries

The fund is available for the following countries:


  • Africa: Algeria, Angola, Benin, Burkina Faso, Burundi, Cape Verde, Chad, Congo (DRC & Rep), Djibouti, Egypt, Eritrea, Ethiopia, Gambia, Ghana, Guinea, Ivory Coast, Kenya, Liberia, Libya, Madagascar, Malawi, Mali, Morocco, Mozambique, Niger, Nigeria, Rwanda, Sierra Leone, Sao Tomé, Senegal, Somalia, South Africa, South Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia and Zimbabwe.  
  • Asia: Afghanistan, Bangladesh, Bhutan, Cambodia, India, Indonesia, Jordan, Laos, Lebanon, Mongolia, Myanmar, Nepal, Pakistan, Palestinian Territories, Philippines, Sri Lanka, Vietnam and Yemen
  • Latin America: Bolivia, Colombia, Guatemala, Haïti, Nicaragua, Peru and Suriname
  • Europe: Armenia, Georgia, Moldova and Kosovo



The formal application process starts with a so-called quick scan. If positively evaluated, the applicant will be invited to proceed with the application procedure, which normally involves a business plan, amongst many other requirements. 


Why work with Advance Consulting?

  1.  We deal with funding programmes such as DTIF and fund managers such as RVO on a daily basis, so we have a deep understanding of how all of this can work in the best interest of your company.
  2.  Developing bankable business plans and finance applications for international investment projects is our core business.
  3.  You can benefit from the lessons we learned from other business finance cases, to optimize your proposition.
  4.  We may be able to advise on alternative or complementary financing options. We also can assist you in meeting the requirements of your bank to participate as a financier.
  5.  You can engage us on a result basis.


Contact Peter Bleeker (Peter@advanceconsulting.nlfor more information on The Dutch Good Growth Fund and to discuss the opportunity. 


Eligible countries on a map

A visual view of the countries that are eligible to apply for funding from DGGF.