Blended finance is the term used to refer to a funding package that consists of both grantAn unconditional or conditional gift or donation of money with no expectation of repayment./philanthropy and repayable finance. The grantAn unconditional or conditional gift or donation of money with no expectation of repayment. aspect can de-risk an investment proposition or ensure unsecured lending is offered or make the cost of the funding package more affordable.