Deadline: 30-Jun-23
The Right Sharing of World Resources (RSWR) is inviting applications for its Grant Program to support income-generating, self-employment projects for poor women who are members of a self help group.
RSWR believe that small scale income-generating projects offer a means of establishing self sufficiency to very poor people. By requiring that the project include a revolving loan program, they can multiple the impact of their grant as the funds are revolved many times too many different women within the community.
RSWR is a Quaker organization supported primarily by the Religious Society of Friends (Quakers) in the United States. RSWR has two main goals:
- Provide grants for women in the developing world to begin small income-generating businesses so that they may help themselves and their families out of poverty.
- Help Quakers in the United States learn about the negative effects of poverty in the developing world and the negative effects of materialism in North America
Funding Information
- Up to US $5,500 per year, for a maximum of five years. Projects are funded one year at a time and each new proposal must target a new group of women.
Eligibility Criteria
They strive to help newer, smaller organizations whose budgets may not allow them to receive grants from other sources. NGOs must be less than 20 years old and have annual budgets of less than $16,500.
Criteria
- Right Sharing of World Resources gives grants to small, grassroots women’s groups that do not have access to other adequate funding. Their grants are for micro-enterprise, self-employment projects. They help with seed money and training so that a group can begin a revolving loan fund for members to take loans to begin their own small businesses. It is important to them that the women work together in self-help groups and use the RSWR resources to help themselves grow into independent and strong groups.
- Project is located in RSWR geographic project area. In India, the RSWR geographic area is the state of Tamil Nadu and the districts of Chittoor, Cuddapah, Anantapur, and Nellore in the state of Andhra Pradesh.
- NGOs are no more than 20 years old.
- Project Coordinators must be women.
- Project is for women only. RSWR understands that transgender women are women. The women self-help group members must have been a part of the decision making in determining project activities.
- Proposal should include a clear description of the NGO and Women’s Self Help Group: a. For women’s self-help groups include, size and makeup of group, history, current activities and current economic circumstances. b. For projects in India, also include a short profile of the NGO, and of the NGO director/project coordinator
- For effective group dynamics, they recommend a group size of 20-35. However, different groups have different organizational structures, so please explain your group structure if your group is larger than 35.
- Indication that the group is able to receive and use money as intended. In India, they must see the latest annual audit.
- Group has little or no access to other resources. Annual audited income is less than $16,500 for an NGO in India.
- A clear description of the proposed Income Generating Project(s) (IGP). NOTE: The projects must be compatible with the principles which guide the work of RSWR: local self-reliance, sustainability, mutual support and accountability.
- The Income Generating Projects are viable businesses for the geographic area and have potential to make the women a sustainable living. The proposal should describe an economic plan for each business proposed, including the amount of the loan per woman, the projected monthly gross income, monthly business expenses, loan repayment, and net monthly income projected. They expect the women’s business income to bring them above the World Bank International Poverty Line (currently $1.90 per day) AFTER business expenses, loan repayment, and savings.
- 20 to 35 women should receive the initial loans.
- Proposal has a clearly described loan repayment plan which includes annual interest charged, monthly repayment, and length of the repayment period. Interest rates for loans should cover inflation plus a modest amount for administrative expenses, but in no case should they exceed the interest rate an established business person would be able to get from a formal sector lender.
- The proposal should include a clearly described group savings plan for each woman to save money for emergency needs.
- Budget categories must be outlined clearly and within the following guidelines: 60% or more for seed money, no more than 15% for training, no more than 5% for travel, no more than 10% for administration, and no more than 20% for staff.
For more information, visit RSWR.