![[Identify Evaluate]](/img/main_proj01.jpg) ![[Investment / Loan Structure]](/img/main_proj02.jpg) ![[Acceptance Funding]](/img/main_proj03.jpg)
Qualifying projects have the objective of creating sustainable development for poverty alleviation through business enterprise. Because GCF Kairos is a Christian organisation, projects are in support of Christian work. Finally, projects must be feasible as long-term ventures with reasonable prospects of poverty alleviation and for modest returns on capital.
Investment or funding can take many forms. Example of project types:
- Direct Community Support -These projects involve direct funding to communities and would typically include goat rearing projects, Agri-ventures and cottage industries.
- Development Platforms – These projects involve establishing a platform to support a community. For example investment in a training school or self reliance farms.
There is considerable flexibility in investment/loan structures but guidelines for micro-enterprise investments or micro-loans will include the following:
- Supervision by a trusted sponsor.
- Shared commitment of the community to repay loans or to develop shared investments.
- Maximum caps on fundings.
- Guidelines as to repayment.
- Reporting requirements.
In most cases we would require monthly repayment of loans. Every quarter a detailed report on the project is also required. The project will be supervised by a volunteer who will also look to provide expertise and support from other volunteers.
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