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ILO Skills launches US$450,000 Challenge Fund

In June 2011, the ILO Skills for Youth Employment and Rural Development Programme launched a single call for proposals for the Skills Fund from commercial [Banks and Microfinance Institutions] and non-commercial entities [qualified NGOs , appropriate public institutions, cooperatives and other non-profit entities]) legally registered and operating in Zimbabwe. Three (3) projects will be selected on a competitive basis from applications received and to each will be awarded a grant not exceeding US$150,000. The total grant for this first call is US$450,000.

 The Skills Fund is a grant which enables youths and craftpersons who normally lack collateral security to access credit and related services from local commercial and non commercial providers of microfinance. The first objective of the Skills Fund is to make microfinance markets work for youth by facilitating post training access to group and individual business loans for graduates seeking self employment under the TREE and QIA projects. It is intended to help youth savings and credit cooperatives and self-help groups to regenerate. The second objective of the Fund is to assist Craftpersons to access markets, working capital, appropriate tools and improve their work practices for better business which in-turn creates demand driven informal apprenticeship and wage employment opportunities for youth.

Download Call for Proposal