Challenge Funds, grant funds and managed funds are used increasingly by international development agencies and other partners to support poverty reduction initiatives undertaken by civil society organisations and businesses. We provide a comprehensive range of grant and challenge fund management services. Our experience covers business-oriented enterprise challenge funds and those oriented towards civil society and social development. We have experience of supporting all stages of the fund management cycle including fund design, calls for proposals, appraisal and selection of candidates, performance and risk management, financial management, procurement, capacity strengthening, monitoring and evaluation and learning.
We have worked on funding schemes financed by a range of agencies in a number of sectors including governance, poverty reduction, health and private sector development. Our clients include donors and agencies such as DFID, IFAD, SIDA, DANIDA, DFAT and AGRA as well as Foundations such as MasterCard.
We recognise the importance of carefully tailoring the design of challenge funds to meet donors’ development objectives and the particular importance of designing calls for proposals and marketing to attract the right kind of applicants; and establishing an appropriate balance of performance and risk management between fund managers and grant recipients.
The MasterCard Foundation Fund for Rural Prosperity is a $50 million challenge fund which aims to improve the lives of 1,000,000 people living in poverty by enabling businesses to begin or expand financial services in rural areas of Sub-Saharan Africa. We are assisting in the implementation of the Fund in partnership with KPMG and implementing a monitoring and evaluation strategy to capture the results of the funded projects covering improved livelihoods, empowerment and resilience.
The AECF is a $265 million challenge fund to stimulate private sector entrepreneurs to innovate and find profitable ways of improving access to markets and the ways markets function for the poor, particularly in rural areas. The Fund awards grants and repayable grants to support innovative business ideas in agriculture, agribusiness, renewable energy, adaptation to climate change and access to financial services. We worked in partnership with the Fund Manager, KPMG, to measure results including quantitative and qualitative analysis of the impacts on men, women, girls and boys in rural poor households. We conducted a comprehensive gender review of the AECF and provided guidance and advice for improving gender mainstreaming in the next phase.
The Humanitarian Innovation Fund (HIF), launched in 2011, was one of the first funds for humanitarian action specifically designed to enable innovation ideas to be developed and tested. Grant funding is structured around a five-stage innovation model (recognition > invention > development > implementation > diffusion). The evaluation provided accountability to stakeholders; supported learning about how the HIF’s processes support or hinder effectiveness; and contributed to strategic development.
DFID’s UK Aid Match programme is designed to support civil society projects contributing to the achievement of the Global Goals for Sustainable Development and to engage the UK public with international development issues. DFID matches funds raised through public appeals thereby enabling the public to have a say in how a portion of the international development budget is spent. IPE Triple Line is working with DFID’s Inclusive Societies Department in the management of the fund, providing support in the appraisal of concept notes and proposals and project selection.
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Chilika Development Authority, Government of OdishaView Case Study
Department for International Development (DFID), UKView Case Study
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