XM-DAC-47105-CFC-FCDO-GraduationFund Common Fund for Commodities The Graduation Fund is a blended finance facility funded by FCDO and implemented by the Common Fund for Commodities (CFC). The fund provides investments and technical assistance to small and medium-sized enterprises (agri-SMEs) operating in agricultural commodities value chains and local food systems in low and lower-middle income countries, primarily in Sub-Saharan Africa. The objective is to test and scale financing models for small agri-SMEs to improve incomes and climate resilience of smallholder farmers, support domestic food security, and mobilise additional climate finance. Smallholder farmers, agri-SMEs, rural communities, and food system actors FCDO CFC CFC Start date Planned End date Fund targets selected priority countries in Sub-Saharan Africa 787975 825949 863924 271519 121519 83544 45570 3000000 Full disbursement of funds 21900