The main eligibility criteria for financial institutions are:
- The operations concerned shall take place in the eligible countries as stipulated by the SCBF, with priority given to SDC priority partner countries and regions.
- The financial institution itself makes a significant1 contribution according to its financial standing, including at least all travel, accomodation, and per diem expenses of the SCBF-funded consultants, if not a share of their rates. In addition, it assumes ‘full’ ownership by appointing a senior manager as capacity building project coordinator.
- Financial and institutional self-sufficiency or on a clear path towards it. On a case by case basis, greenfieldings with a documented institutional and financial sustainability targets will be considered.
- Proven social mission in serving poor people, notably women, preferably in rural areas. As a minimum, the financial intermediary complies with responsible finance practices by signing and respecting the six client protection principles advocated by the Smart Campaign and practicing sound governance.2
- Credible potential of the financial institution to reach at least 4’000 new poor clients.
1 SCBF’s target is that the financial institution contributes on average 20% of the total costs of the project, with a higher share for those institutions with a strong financial standing and a lower share for less mature financial institutions and state-owned financial institutions.
2 The SCBF insists on clear evidence of a proven social mission and the respect of the client protection principles (notably the first to avoid clients’ over-indebtedness).