Due Date: July 20, 2019

Do you have the next huge development for microfinance in the Arab area? Make an application for the Arab Financial Addition Development Reward 2019

The Reward gears up appealing innovators with the financing and assistance they require to understand their prospective to more monetary addition in the Arab world. It rewards those who can increase access to monetary services, decrease the expenses of that gain access to, and much better serve end customers in the area.

Through the reward and AFIIP network, they intend to produce a synergy in between monetary addition and development to enhance and diversify both sectors and harness the brand-new and adaptive innovations specifying our world. After the success of the inaugural 2018 reward, AFIIP 2019 is broadening to increase its influence on monetary addition in the Arab world.

Reward

  • A prize money will be granted to the winners of AFIIP2019 Read what the winners of the inaugural 2018 reward had the ability to finish with the cash they got in their newsroom
  • The 2019 winners will likewise get technical assistance to assist establish their development, through networking chances and expert suggestions and assistance.
  • AFIIP 2019 finalists will likewise be welcomed to the go to Sanabel, the biggest microfinance conference in the area, to supply them with networking chances and to support the advancement of their development.

Eligibility

  • Qualified propositions need to be by Arabs for the Arab world. Residency in an Arab nation is not needed, however a minimum of one member of the group need to hold an Arab citizenship. The proposed development should be for application in the Arab world, specified as the member nations of the Arab league.
  • Ingenious propositions at all phases of advancement are welcome. Candidates need to have the ability to reveal that their development can be effectively used to the sector. Microfinance and monetary addition are specified in their broadest sense to incorporate a large range of fields, consisting of however not restricted to: credit, cost savings, insurance coverage, payment services, Islamic financing, fund transfers, accountable financial investment, cumulative banking, and organisation advancement services of micro-enterprises.
  • They invite candidates of numerous types to obtain the reward, consisting of people, small companies, MFIs, NGOs, trainees, cooperatives, business banks, regional advancement banks, renting companies, insurer, and fintech business.

Evaluating Requirements

  • The Group: their backgrounds, ability and cohesiveness.
  • Development: showing that the proposition uses a brand-new, innovative option to existing issues and make procedures more effective.
  • Influence on monetary addition: based upon AFIIP’s 3 core goals to more monetary addition: increasing outreach, lowering expenses and much better serving end-clients. A choice was provided to developments with a direct quantifiable influence on completion customers.
  • Marketability: showing a substantial likelihood of discovering a market in the Arab world, an understanding of the existing market, and evidencing prospective for scalability and development.
  • Execution: showing how the proposition can be successfully carried out in the Arab world within a specified timeframe.
  • Quality of proposition and financing: offering a clear proposition with a summary of pertinent financing and spending plan expectations.

Application

Click on this link to use

For additional information, go to Arab Financial Addition Development Reward

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