IFAD’s Finance Facility for Remittances (FFR), as a multi-donor facility, under the 2010 call for proposals, will provide funding support to projects and activities that will “reduce the transfer costs of remittances, develop institutional partnership, bank the unbanked rural population, promote innovative remittance and financial services and promote productive rural investment of migrants’ capital in their countries of origin.” In the light of these objectives, FFR’s annual call for proposals … [Read more...] about IFAD Call for Proposals 2010 to reduce poverty through remittances -2
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IFAD's FFR 2010 Call for Proposals is open to all types of innovative ideas. It has also identified themes and topics under which projects can be proposed: Mobile Financial Services: Under this topic, projects can be proposed for enhancing remittances and linking rural people with financial services through the use of mobile applications. Both international as well as domestic remittances can be used innovative for reducing poverty and increasing development by … [Read more...] about IFAD Call for Proposals 2010 to reduce poverty through remittances -3
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The eligibility criteria under this 2010 IFAD call for proposals seek to invite NGOs, public or governmental organizations, for-profit entities and cooperatives or credit unions. For-profit agencies are encouraged to build partnership with NGOs to develop joint proposals. This can also be an opportunity for small NGOs lacking skills to develop proposals to collaborate with private agencies to submit joint projects. Private entities can include but not limited to private banks, microfinance … [Read more...] about IFAD Call for Proposals 2010 to reduce poverty through remittances -4
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Before getting down to write proposals for the funding opportunity under the IFAD’s Finance Facility for Remittances (FFR) 2010 Call for Proposals, it will be interesting to read and analyze the current projects funded under this programme. In fact, IFAD has a number of rural-based remittance development projects which have been addressing poverty and empowering communities across poor and developing countries of Africa, Asia, Central and Eastern Europe and Latin America and the Caribbean. Here, … [Read more...] about IFAD’s Rural Remittances and Development Projects under Finance Facility for Remittances (FFR) -1
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The Groupe de recherché et d’echanges technologiques (GRET) in Senegal is implementing a two-year project for Senegalese migrants living in Italy who find difficulties in not only sending money back home due to limited remittance facilities in their home country but also because their major investment back home is housing but often lack the credit to fully complete it. Therefore, this project is aiming at providing housing loan product to migrants through a microfinance institution. In Sierra … [Read more...] about IFAD’s Rural Remittances and Development Projects under Finance Facility for Remittances (FFR) -2
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In Asia, the funded projects have been extended to India, Nepal and Tajikistan. In India, the Indian Grameen Services has partnered with private banks to implement projects in the poorest regions of the country where through male migration is very high, yet access to credit back home is low, knowledge about microfinance products is limited and there are various socio-economic problems existing. The project is working to provide credit and savings services to migrants and their families, improve … [Read more...] about IFAD’s Rural Remittances and Development Projects under Finance Facility for Remittances (FFR) -3