FAQs
What is a grant?
A grant is a sum of money given by an organization, government, or foundation to fund a specific project or purpose. It does not need to be repaid, unlike a loan.
What are the main advantages of grants for NGOs or individuals seeking funding?
Grants provide a source of funding that does not need to be repaid, allowing NGOs or individuals to pursue projects or initiatives without incurring debt.
Grants often come with fewer restrictions than loans, allowing recipients more flexibility in how the funds are used.
Grants can also provide access to larger sums of money than may be available through other funding sources, enabling NGOs or individuals to undertake more ambitious projects.
How do grants benefit the community or society?
Grants can support initiatives that address social, environmental, or economic challenges, leading to positive impacts on the community or society as a whole.
By funding projects that promote education, healthcare, environmental conservation, and other important causes, grants can contribute to the overall well-being and development of a community or society.
What are some common sources of grants for NGOs or individuals?
Government agencies, both at the local and national levels, often offer grants to support various initiatives and programs.
Foundations and philanthropic organizations also provide grants to support specific causes or projects that align with their mission and values.
International organizations and multilateral institutions may offer grants to support initiatives in developing countries or address global challenges.
