by The Matching Grant Program is designed to bridge the gap between supply and demand in lending to rural businesses. It will assist in providing incentives to the business owners that use the Matching Grant to pay back the loans they obtained from the Partnering Financial Institutions (PFIs).
The Matching Grants Program is an alternative to state-managed relocation assistance. The First Generation Matching Grant Program aims to assist refugees (and other qualified individuals) in becoming self-sufficient within four months of their arrival without the need for government financial aid. The Office of Refugee Resettlement (ORR) funding will be matched by cash and in-kind contributions from participating agencies.
About Matching Grants
Matching grants, formerly known as standard grants, are major humanitarian initiatives that deal with unmet needs. The project needs to provide for a large populace. The grants that are awarded range from US$10,000 to US$100,000.
Typically, matching grants offer money for equipment and capital construction. Mobile health units, centers for the blind and disabled, eye clinics, major medical equipment, nursing homes, and schools in underdeveloped nations are examples of such initiatives.
Also, apply for:
- British Council International Collaboration Grants 2024
- Modest Needs Grant 2024 – Self Sufficiency Grants
Objective
- To increase the potential for business sustainability.
- To encourage rural business, provide financial access, and generate opportunities for employment in specific blocks.
- To provide a strong matching grant financing mechanism that would also result in enhanced.
- To solve the challenges of the demand-supply gap in financing rural businesses, the mainstream financial sector views these businesses as high-risk entities. Examples of these businesses include Enterprise Groups, Producer Collectives, first-generation entrepreneurs, women-led businesses, and others.
Participating in the Program
Participants in the Matching Grant program must join within 31 days of their arrival date or eligibility and fulfill specific job conditions.
In close collaboration with clients, the program provides:
- Case management
- Employment skills training
- Job referrals
- Family budget planning
The program also helps refugees with:
- Housing, utilities, and food
- Transportation
- Health and medical
- English language training
- Social adjustment and other services
Funding of Matching Grants Program
- The value of matching money that can be provided for a project ranges from US$10,000 to US$100,000.
- Up to 75% of the project budget may be awarded to applications from developing nations.
- Up to 50% of the total project budget may be awarded to applications from developed nations.
Check:
- Amber grant for Women 2024 | Grants for Women in Business
- Tony Elumelu Grant 2024 – $5000 Grant for your Business
Eligible projects
- Provide long-term benefits
- Serve a large population or region
- Involve Lions in hands-on activities
- Identify Lions closely with the project
- Raise significant funds from local Lions clubs
- Address an important humanitarian need
- Support efforts too large for one district to undertake alone
- Improve the quality of life for at-risk and vulnerable populations
- Highlight the presence of Lions in the community or region
Non-eligible projects
- Individual assistance
- Scientific research
- Construction of residential housing
- Purchase of land and buildings
- Requests under US$10,000 or over US$100,000
- Start-up facilities, including new medical centers
- circumstances where funding from the government or other organizations might be more suitable
- Operating and/or administrative expenses
- gifts meant to create reserve reserves to pay back loans, including endowments
- Single-club projects (minimum of two clubs involvement is required)
- Lions clubs meeting facilities and clubhouses
- Salaries, stipends, scholarships, or honorarium
- Community centers/multi-purpose facilities
- Projects lacking Lions identity and involvement
- Consumable supplies and shipping expenses
Required Documents for Matching Grant Program
The required documents for the Match Grant Program are below;
- Architectural drawings, cost estimates, and land ownership verification for construction projects
- Equipment brochures, pro-forma invoices, and supplier price quotations for all items to be purchased for equipment projects
- A five-year financial plan outlining future project income and operating expenses for the project
Read about:
Application Deadline
In August, January, and May, applications may be considered at the LCIF Board of Trustees meeting three times per year. Applications should reach LCIF at least ninety days before the scheduled date of the board meeting. For exact dates of submission, please see the LCIF website. Application submissions should ideally occur far ahead of the deadline.
Applications that need more time to be clarified or are incomplete may be kept for consideration at a later board meeting.
Application Process for Matching Grants Program
To apply for this grant, direct submissions of applications to the LCIF Humanitarian Programs Department are required. The evaluation process may be delayed if the application is submitted through other departments because the application may be received beyond the application deadline.
You can send the completed application and the required supporting documentation in hard copy or electronic copy to LCIF.
Electronic submissions are preferred. Send just one copy, please. Please choose a reputable courier service (such as FedEx, DHL, or another) if you send your documents and application form by standard mail. If the document is misplaced during transit, this guarantees that it can be located.
Note: Before submission of the entire application to LCIF, you have maintained a copy for your records.
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