The International Fund for Agriculture and Development (IFAD) under its Financial Facility for Remittances (FFR) has announced the call for proposals for the year 2010 on Promoting innovative remittance systems and investment channels. This call specifically seeks to promote access to remittances in rural areas, linking remittances and rural financial services and productions and develop innovative and productive rural investment opportunities for migrants and community-based organizations.
This is an open call for proposals and NGOs, nonprofit institutions, government organizations, private entities and cooperatives or credit unions can submit proposals. Small organizations can collaborate and put up joint proposals for this call. Grants of up $250,000 will be provided per project. For projects that promote mobile banking and mobile transfers thematic window, a maximum amount of $500,000 has been fixed.
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The call for proposals has been announced by IFAD in partnership with the European Commission (EC), the Government of Luxembourg, the Inter-American Development Bank (IDB), the Spanish Ministry of Foreign Affairs and Cooperation (MAE) and the United Nations Capital Development Fund (UNCDF)…For more information, click here.