USAID Financial Sector Reform (FSR) Activity seeks applications from financial institutions for grant funds for factoring to increase MSME revenues and stimulate job creation. Grants implemented under this Request for Applications (RFA) are expected to contribute to economic growth by achieving the following objectives:
1. Make factoring a more attractive, affordable financial instrument for MSME working capital.
2. Boost the number of factoring transactions involving MSMEs that have not previously engaged with factoring services.
3. Support solutions that would improve operational efficiency of factors and simplify the use of factoring for the clients.
4. Enhance awareness and understanding of factoring within the MSME community.
For more details, please read the attached Request for Applications RFA–FSR-002.
For information purposes, USAID FSR Activity will hold an online Q&A Session about the RFA on December 1, 2023, at 14:30. Please register for the Q&A Session using the link provided in the RFA document. Written questions under this RFA should be submitted no later than November 29, 2023, via e-mail: FSR_Applications@dai.com.
Applications must be submitted no later than 23:59 Kyiv time on December 29, 2023.
About USAID Financial Sector Reform Activity
USAID Financial Sector Reform (FSR) Activity is a five-year program to support the creation of a modern, efficient, and transparent financial sector aligned with European and international markets. The Activity will provide technical assistance, grants, and procurement support to its public and private sector partners. The main areas of focus are improving financial market regulation and supervision; strengthening financial infrastructure; deepening private sector financial intermediation and expanding private finance; and enhancing transparency and communications about financial sector reform. For more information about the FSR and its activities, please visit FSR’s information page at: http://fsr-ua.info/en/ and Facebook page at: https://www.facebook.com/FSRproject/.
