3. who’s eligible for a grant
Technical Assistance Grants are only available for organizations that apply for loans, or have been approved for a loan no more than three months before a grant application is submitted.
The grants are designed to help the borrowing organization build financial capacity and infrastructure, so that it is less likely to need ongoing assistance. Grants are awarded up to $5,000 for activities such as:
- Funding leadership attendance at financial management and development-related workshops, focusing on revenue enhancement, financial controls/systems, and/or expense-reduction.
- Contracting with consultants for financial management and development assessment and advice.
- Full or partial payment of a critical audit.
- Purchase and implementation of financial management software/training
Obtaining a loan is a not a guarantee of being awarded a Technical Assistance Grant.