| Overview : UNNATI – A2F launched a Challenge Fund in 2016-17 for BFIs in Nepal, with the objective of supporting BFIs to expand frontiers of financial services specially for farmers and agricultural MSMEs in the 7 UNNATI districts and beyond. In May 2017, UNCDF selected 10 partner institutions to receive challenge fund grant under UNNATI-A2F. UNCDF has signed Grant financing agreements with these 10 institutions.This implies that UNCDF provides grant funding to the partner BFI in the context of an agreed programme and on the terms and conditions set in the Grant Financing Agreement and the Partner BFI agrees to accept the funds for the implementation of the programme and to achieve the results/milestones as agreed in the Grant Financing Agreement. The partner BFI also agrees to ensure accuracy and provide reports and statements to UNCDF as stipulated in the Grant Financing Agreement. Grant payments are made by UNCDF once a claim is received from the partner BFI upon submission of all requirements including evidence of achievement of expected results as well as disbursement conditions. |
