Project Facility FAQS
WFWO and its financial partners are focusing on the 2030 Agenda for Sustainable Development Goals 17 (SDGs) is a pathway towards a sustainable future for all, leaving no one behind, with a peaceful and inclusive society, and a healthy planet. The achievement of the 2030 Agenda for Sustainable Development and the Sustainable Development Goals, and 169 associated targets as a blueprint for achieving the sustainable Future We Want “We can achieve it only by working together”. Action is needed and contribution of all, with innovative multi-stakeholder partnerships will play a crucial role for getting us to our targets we needed by the year 2030.
The WFWO/SHH Project Facility is a partnership between World For World Organization (WFWO) and the Solid Home Housing (SHH) is to provide and facilitate to access of funding solutions for social housing projects in developing countries.
As part WFWO/SHH project facility we provide in concessional loans, through WFWO, to projects endorsed by WFWO. The loans are provided in each year funding cycles.
Projects funded through this facility will support adopting the sustainable use of all forms of social housing and from renewable sources in developing countries.
The overall aim of the WFWO/SHH Project Facility is to support the social housing transition and development goals in developing countries through the provision of attractive loan rates to government-driven projects including, institution entity and private sector interest t contribute to UN 2030 Agenda SDGs.17.
WFWO/SHH Project Facility is recommending replicable and potentially transformative projects to the WFWO for funding solutions that have the potential to be models for scale-up, and will improve social housing access and address human security the projects can be executed in deferent’s areas focuses on project components such as: Environment, Jobs creation, infrastructural facilities, Social Housing, Hospital, Schools, Eco Tourism, or other projects for Sustainable Development in developing countries, to support regional government, including , institution entity and private sector to contribute to UN 2030 Agenda SDGs 17.
WFWSRMPFD/EBRMTFT and its financial partners have the pleasure to bring to your attention the opportunity for highly concessional funding that the WFWSRMPFD/EBRMTFT Project Facility agreement provides to developing countries. WFWSRMPFD Project Facility developed a package is to contribute to meet the objectives set out in the 2030 Agenda SDGs 17 and the country.
WFWO/SHH Project Facility provides sovereign concessional loans. Concessional loans offer more favourable terms than conventional loans, with a lower loan rate, a grace period before any payment needs to be made and longer tenure of loans to contribute exclusively to 2030 Agenda the projects can be financed of 100% in developing countries.
The loan trough WFWSRMPFD/EBRMTFT covers up to 100% of each project's total costs. The funding will come from other sources such as, trust funds and development partners or financial institutions.
Moreover, the loans obtained through the Project Facility must be used for activities or assets directly related to the proposed project. Contractors must directly invoice the WFWO with specific activities directly related to the project for disbursements to be made. Loans cannot be used to fund any pre-development activities, such as feasibility, environmental impact or socio-economic studies.
A government guarantee letter is required by WFWO. The letters needs to be from the international borrowing entity of the respective project country for example a Ministry of Finance or private sector group, NGO, CBO. Templates to use for these letters are provided on line.
The WFWO’s mandate is to work with developing country governments to contribute towards their strategic national economic development priorities. As the WFWSRMPFD/EBRMTFT and its financial partners offers concessional sovereign loans, they require a government guarantee as part of the mandatory requirements in order to be considered for loan .The government guarantee letter can be provided at either the Executive Project Summary stage or the Full Project Proposal stage (if your project is shortlisted).
Alternative guarantees from agencies, state utilities, and international organisations, or private sector group, can be accepted in place of a government guarantee.
Loan rates vary between 1% per annum with duration of 20 years, including a grace period of 5 years. Once a loan agreement is signed, the loan rate is fixed for the duration of the agreement.
The currency of the loan is fixed in Euro/USD. However, if there will be any withdrawal applications in other currencies, WFWSRMPFD/EBRMTFT and financial partners will provide the exchange rate of that currency opposite USD at that time.
WFWSRMPFD/EBRMTFT loan terms and conditions apply only for the part that project approved and will finance the total cost of the project.
EBRMTFT and its financial partners will set the terms and conditions of the loan. The project implementation shall be in accordance with the project policy procedures of WFWSRMPFD/EBRMTFT/Project facility.
Each funding cycle opens every year to receive Executive Project Summary applications in and applicants to submit the online form.
Applicants must register and login to the online system to start the Executive Project Summary form. The “How to Apply “page of the website is updated each year to reflect any changes.
All countries members of the United Nations Preference are given to projects submitted by WFWSRMPFD/SHH Project Facility. However, there are periods of times involved in the selection process. Within these requirements above, all stakeholders are eligible to apply (i.e. government bodies, private sector and civil society organisations etc.) but they need a government guarantee as per FWSRMPFD/EBRMTFT and its financial partners requirements.
The process takes one to two months from application to selection.
The final announcement of selected projects is made at the WFWO/EBDRMTFT Board Directors meetings in January of each year.
The are any system or technology constraint for technical construction, and all should be clarified by SHH project team.
All Applicant or SHH selects and recommends projects for funding to WFWO as per the Guidelines for Applications.
WFWO makes the final selection from the recommended list put forward through SHH related to technical mater.
When applying to the Project Facility, applicants are first asked for a Project Summary, which must be submitted in each cycle year.
The applications are evaluated by an international Panel of Experts who review the projects based on.
The shortlisted projects are then asked to submit Full Project Proposal of each cycle year.
The evaluation process includes a strategic overview by the Advisory Committee who assesses the projects to ensure alignment with national development priorities, geographic spread and diversity of technologies. The Advisory Committee then recommends projects to WFWO for final selection.
In each cycle, the requirements in the Project Summary and Full Project Proposal application forms are further clarified to assist applicants to improve their applications. WFWO/SHH Project Facility is also carried out to assist applicants.
Please check the How it Work and How to Apply sections of the website for details on how best to focus and prepare an application.
The Panel Expert from SHH and the Advisory Committee of the WFWO are asked not to disclose details of applications in the public domain unless necessary to evaluate projects or communicate results of the respective cycles. WFWO does not guarantee full confidentiality with regard to intellectual property rights or inventions. For example, during the selection of projects, certain members or experts may seek advice from expert consultants or knowledge organizations on certain aspects of applications.
The Executive Board Director of Resource Mobilisations Task For and its financial partners and the Advisory Committee continues to work to improve the Project Facility further. Recommendations are then made to the full WFWO approval for implementation in subsequent cycles. All relevant stakeholders can provide any comments and feedback on the WFWO Project Facility to email: [email protected]