Alternative sources of finance: United States African Development Foundation (USADF)
By: D E Wasake, Principal, Inachee.com
Basic information
Target: |
Established Cooperatives, associations and small business (at least 2 years’ audited accounts.)
|
Sector focus: |
Agriculture/agro processing |
Amounts provided: |
Between $50,000 and $250,000. |
Funding type |
Grant |
Key criteria |
|
Further information |
Mr. Taibu Nakueira Country Programme Coordinator Tel: (256) 312-260-2-47 |
Who is behind the programme?
USADF is a US Government Agency formed by an act of the US congress to enable the people of African countries to develop their potential, fulfill their aspirations, and enjoy better, more productive lives. Project funding comes from a combination of US tax payers and matching funds from the Government of Uganda.
What is the process like?
- Submit an application form to the Country Programme Coordinator. The form is available online.
- A committee decides to go ahead if the proposal meets the ADF grant criteria, the country’s programme strategy as well as funding levels.
- If successful, funds are disbursed quarterly, on receipt of relevant documents in line with a pre approved development work plan.
Our tips for success?
1. Innovative, Immediate and dramatic impact. The expectation is that the money provided will be one-off and solve a long standing need for rural marginalized populations in an innovative way that can hopefully be replicated.
2. Community involvement. Community contributions, say land, labour and materials count and so it is critical that it is a “community led” project and not only for benefit of the project co-ordinator.
3. Strong team. A lot of good projects fail due to inexperienced management. We recommend that the team should be responsive and transparent and include an experienced accountant and agronomist, as well as good financial and management internal controls. Or alternatively, have a plan for these as the project progresses.
Otherwise, best of luck.
Disclaimer
Inachee is not an agent or connected to this entity, it is an independent thought leadership and advisory firm. The information provided is based on our research and experience. Whilst we have taken steps to ensure the accuracy of the information presented here, there can be no guarantee that it will remain accurate.
In : Grant
Tags: adf us funding