Specifically, the FFR intends to not only innovate upon and increase the remittances to rural areas, but also enhance the prospects of investments from migrants into their home counries through financing of products aimed at benefiting the poor people, developing linkages with microfinance institutions (MFIs) and building incentive-based partnerships among migrant communities for local economic development.
NGOs interested to apply for this funding opportunity need to go through a qualification and preselection process where they need to submit their organizational information to ensure that they are eligible to apply, following which concept notes have to be submitted. After the submission of the concept notes, shortlisted organizations will be requested for full technical proposals and finally the grants would be awarded. Submissions can be made online. NGOs first need to register and then submit their concept notes.
The last date for submitting the concept notes is 29 May 2009. For more information on this funding, visit this link.
