All projects for both the Seed and Innovation grants will be evaluated according to the criteria listed below. We are looking for:

Innovation 30%

• Does the project fit into at least one of the Innovation Funds Focus Sectors?
• Does it propose something innovative?
• Will the initiative create added value for the underprivileged, both women and men?
• If it succeeds, will it be replicable?
• Will the project contribute to the financial inclusion learning agenda?
• Is an EFInA grant really needed? Will it leverage additional investments?
• Does the proposal ensure that EFInA maintains a diverse pool of grants and grantees?

Viable Project Idea (Business Case) 25%

• Is the project viable?
• Does the concept seem achievable? Is it supported with credible evidence? Is the proposed scale attainable?
• Has the applicant identified the risks associated with the project and proposed effective mitigation strategies?
• Is the regulatory environment conducive for the proposed project?
• Is the budget appropriate for the proposed activities?
  
  
  

Developmental Impact 20%

• Will the proposed innovation reduce the vulnerability of low-income households?
• Does the application consider the needs, preferences and characteristics of the target market, including both men and women?
• Does the innovation have the potential to serve a large number of people?

Capacity 20%

• Does the applicant have the capacity, technical expertise and commitment to execute the project?
• Has the applicant shown an appropriate level of detail and clarity in completing the application?
• Can the applicant generate adequate financial reports? Is the applicant financially viable and stable?
• Does the applicant have the appropriate systems and controls in place?
• Does the applicant have matching funds?
• In the case of a consortium, are the organizations likely to collaborate effectively?

Consumer Protection & Financial Capability/Education 5%

• Does the applicant demonstrate appropriate knowledge of financial education issues?
• How will the project increase financial capability of low income consumers
• What is the potential impact of the intervention, in terms of targeted behaviour change and increased financial capability?
• How will the applicant ensure that clients are aware of all fees, interest rate calculations, terms and understand the value in the product in such a way that they will  seek to actively use those products?