The Consultative Group to Assist the Poorest (CGAP), launched in 1995, is a multi-donor initiative to further the development of micro-finance services for poor customers. 25 member donors have come together to coordinate activities and define common policies and procedures for microfinance activities.
CGAP core funds will be made available primarily to private institutions, including retail institutions, which provide financial services directly to their individual clients, as well as wholesale institutions, which work with a number of retail institutions.
A retail institution will ordinarily be a candidate for CGAP core funding only if:
Institutions which consider themselves eligible in the light of the above guidelines are invited to submit a brief application, using a prescribed format, to the CGAP Secretariat, at the address below.Funding possibilities will not be screened by a formal tender process. Applications may be submitted at any time, to coincide with two response cycles. Responses will be made within two months in these two cycles to all applications received up to that date: June 30 and November 30, 1997. In the response, the secretariat will advise the applicant whether or not it wishes to pursue a detailed review of the applicant's proposal.
For further details, contact:
The World Bank
1818 H Street, NW
Washington, D.C. 20433
FAX: (202) 522-3744