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Microfinance and Income Generation

Consultative Group to Assist the Poorest (CGAP)

What activities does the program fund? Contributing to innovative delivery of sustainable microfinance and financial services to the very poor; improving capacity of microfinance institutions (MFIs) and networks.

Who is eligible? Institutions withpotential to provide innovative delivery of financial services and reach massive numbers of poor clients in a sustainable manner.

How to apply? The CGAP Appraisal and Monitoring Service accepts referrals from its 29 member donors to develop a list of institutions for potential joint appraisals and funding. For institutions interested in being referred by CGAP's member donors, it is suggested that they register their institution on the Microfinance Information Exchange (http://www.themix.org). In addition, the CGAP - InterAmerican Development Bank Microfinance Rating and Assessment Fund provides small grants to cover partial costs of ratings and the CGAP-IFAD Pro-Poor Innovation Challenge is a biannual small grants competition.

Websites: http://www.cgap.org; http://www.themix.org

World Bank Unit: CGAP Secretariat.

Strengthening Grassroots Business Initiative (SGBI)

What activities does the program fund? IFC and The World Bank have launched an initiative to support businesses that create sustainable economic opportunities for poor and marginalized people. Grassroots business organizations (GBOs) are socially-driven ventures, that reach out to those at the 'base of the pyramid' as partners, suppliers, consumers and/or beneficiaries. These businesses provide income, employment and training for disadvantaged people, bridging the gap to the global marketplace.

Who is eligible? SGBI supports all kinds of GBOs whether for-profit or not-for-profit, and has two core criteria for eligibility: (1) Grassroots Benefits: Generates substantial economic benefits at the grassroots level in a developing country, involving very poor and marginalized people as partners, suppliers, consumers and/or beneficiaries; (2) Business Opportunity: Supports a business opportunity, defined as the sale of products or services. Sustainability, capacity for growth and performance will also be some of the other criteria for selection.

How to apply? See the website below.

Website: http://ifchq14.ifc.org/ifcint/gbo.nsf/

World Bank Unit: World Bank/IFC, Strenghtening Grassroots Business Initiative
Headquarters

Contact Address: 2121 Pennsylvania Avenue, NW, Washington, DC 20433, USA


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