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Social Investment Fund Application Guidelines
Entrepreneurial Projects ,
Educational Projects,
Healthcare Projects
Nedbank Namibia’s Social Investment Fund focuses on projects that lead to self-sufficiency and a positive contribution to the national economy. Its key areas are entrepreneurship, education and health. Support takes the form of non-repayable grants and low-interest loans with affordable repayment periods. The fund concentrates predominantly on new projects with a strong entrepreneurial component in which participants will learn new skills and practices, in turn passing this knowledge on to others.
Please note:
Applications to the fund are treated strictly on merit. Applications should, therefore, be accurately and thoroughly motivated, and show clearly how the stated objectives of Nedbank Namibia’s Social Investment Fund will be met. A limited number of projects will be considered for support each year, depending on the funds available. If no proposals of the required calibre are submitted, available funds will be carried over to the following year.
Entrepreneurial Projects
Entrepreneurial Application Form (PDF)
Guidelines for applying for funding
Nedbank Namibia's Social Investment Fund focuses on projects that lead to self-sufficiency and a positive contribution to the national economy. Its key areas are entrepreneurship, education and health. Support takes the form of non-repayable grants and low-interest loans with affordable repayment periods. The fund concentrates predominantly on new projects that have a strong entrepreneurial component in which participants will learn new skills and practices, in turn passing this knowledge on to others. The objectives of the fund and the criteria for applications are set out below.
Strategic Objectives
The objectives of the Social Investment Fund are generally to facilitate the development of Namibians by assisting them financially in their pursuit of personal and/or business development and their ultimate educational and financial independence.
The specific objective for entrepreneurial funding is to develop entrepreneurial skills and initiatives, aimed at ultimate financial independence, in the informal and community-based sectors through financial support, either directly or indirectly via advisors and mentors.
General Conditions
- The fund focuses on new projects where the direct result is income generation in disadvantaged communities. It does not support generic fund-raising drives or trusts
- Established projects are only supported when creating additional employment opportunities in a new area
- Funding must cover project costs, not administrative expenses
- Preference is given to projects where the bank is the sole commercial partner
- Regular and accurate reports are required and projects are visited by the fund co-ordinator
- Applications must contain all required information as published in the bank's website and available from the fund co-ordinator.
- Attendance at conferences, workshops and meetings
- Bursaries and scholarships (the bank has a separate bursary scheme)
- Conservation (this is covered by the bank's Go Green Fund)
- The fund will not support:
- Applications above N$30 000 per project per year will be funded, for a maximum of three years (unless otherwise stipulated by the fund). Smaller amounts will be considered on merit, providing the project is community-based and creates meaningful employment.
- Preference will be given to registered community-based organisations and groups, facilitating organisations and non-governmental organisations (NGOs).
Aspects considered when awarding grants
- Profile of the project and its relevance to socio-economic development
- How the project will be controlled to ensure its effectiveness
- Willingness of the recipient to host bank, client and media visits to the project and to participate in media events
- Multiplier effect of the proposal (its potential to be replicated and attract further funding)
- Extent to which own contributions (cash or kind) are made by the applicant
- Proven sustainability
- Value for money (number of income-generating opportunities created versus funding required)
Requirements When Applying to the Fund
- Submission of a comprehensive, but concise, project proposal in the prescribed format. Proposals that follow different formats or are longer than stipulated will not be considered. The format is available from the bank's website (social investment fund) or from: Co-ordinator: Social Investment Fund, Nedbank Namibia, PO Box 1, Windhoek.
- Proposals will only be considered if fully completed, including a detailed budget breakdown and cash flow projections demonstrating sustainability, clearly stating the amount the project will be able to repay if granted a loan.
- Each proposal must contain:
- For organisations – a copy of the latest annual report or a copy of the constitution and the lead person's working history and certified copy of identity document
- For individuals – working history, certified copy of identity document and contact details of two personal references
If your application is successful, you will be required to:
- Enter a formal agreement with the fund, including agreement on how funds will be disbursed (and repaid if awarded a loan)
- Provide regular progress reports, technical and financial, on the objectives, activities, outputs and budget as per the approved proposal
- Allow the fund, or its agent, to visit project sites and review financial accounts and practices
- Within one month of the end of the project, provide a final technical report, a final financial report supported by original invoices, and copies of any other products of the project
- Ensure that the fund is fully acknowledged in all products and in all media coverage of the project and to promote the good name of the fund whenever possible.
General
The fund will meet four times a year to review applications. Applications will be reviewed against the objectives, conditions and requirements set out above. The decision of the fund on any project is final. Applications may be refused without disclosing reasons and the bank reserves the right not to enter into correspondence with applicants once they have been notified that their application was not successful.
Proposals must reach the fund in the quarter before each quarter end, ie in December for the March quarter, in March for the June quarter, in June for the September quarter and in September for the December quarter.
Download application form (you are required to submit your application in this format)
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Educational Projects
Educational Application Form (PDF)
Guidelines for applying for funding
Nedbank Namibia's Social Investment Fund focuses on projects that lead to self-sufficiency and a positive contribution to the national economy. Its key areas are entrepreneurship, education and health. Support takes the form of non-repayable grants and low-interest loans with affordable repayment periods. The fund concentrates predominantly on new projects that have a strong educational component in which participants will learn new skills and practices, in turn passing this knowledge on to others. The objectives of the fund and the criteria for applications are set out below.
Stategic Objectives
The objectives of the Social Investment Fund are generally to facilitate the development of Namibians by assisting them financially in their pursuit of personal and/or business development and their ultimate educational and financial independence.
The specific objective for educational funding is to support projects that invest in Namibia's future by focusing on the youth, the talented, cultural development and the leaders of disadvantage communities.
Preference is given to projects that emphasise developing entrepreneurial skills, mathematics, accountancy and science and technology training.
General Conditions
- The fund focuses on projects which focus on the youth, the talented, cultural development and leaders of disadvantaged communities. It does not support generic fund-raising drives or trusts
- The fund will also support structures/erecting of structures to aid projects delivering education to those in need of it
- Funding must cover project costs, not administrative expenses
- Preference is given to projects where the bank is the sole commercial partner
- Regular and accurate reports are required and projects are visited by the fund co-ordinator
- Applications must contain all required information as published in the bank's website and available from the fund co-ordinator
The fund will not support:
- Attendance at conferences, workshops and meetings
- Bursaries and scholarships (the bank has a separate bursary scheme)
- Conservation (this is covered by the bank's Go Green Fund)
- The minimum (N$30 000) and maximum (N$150 000) amount of funding will entirely depend on the merit of the project
- Preference will be given to registered community-based organisations and groups, facilitating organisations and non-governmental organisations (NGOs)
Aspects considered when awarding grants
- Profile of the project and its relevance to socio-economic development, especially self-sufficiency
- Proven feasibility
- Proven sustainability
- Willingness of the recipient to host bank, client and media visits to the project and to participate in media events
- Multiplier effect of the proposal (its potential to be replicated and attract further funding)
- Extent to which own contributions (cash or kind) are made by the applicant
- How securely the project is placed within the broader social setting
- Value for money (the number of educational opportunities created versus funding required)
- Contribution to gender equality
Requirements when applying to the fund
- Submission of a comprehensive, but concise, project proposal in the prescribed format. Proposals that follow different formats or are longer than stipulated will not be considered. The format is available from the bank's website (social investment fund) or from: Co-ordinator: Social Investment Fund, Nedbank Namibia, PO Box 1, Windhoek
- Proposals will only be considered if fully completed, including a detailed budget breakdown and cash flow projections demonstrating sustainability, clearly stating the amount the project will be able to repay if granted a loan
- Each proposal must contain:
- For organisations – a copy of the latest annual report or a copy of the constitution and the lead person's working history and certified copy of identity document
- For individuals – working history, certified copy of identity document and contact details of two personal references
If your application is successful, you will be required to:
- Enter a formal agreement with the fund, including agreement on how funds will be disbursed (and repaid if awarded a loan)
- Provide regular quarterly progress reports, technical and financial, on the objectives, activities, outputs and budget as per the approved proposal
- Allow the fund, or its agent, to visit project sites and review financial accounts and practices
- Within one month of the end of the project, provide a final technical report, a final financial report supported by original invoices, and copies of any other products of the project
- Ensure that the fund is fully acknowledged in all products and in all media coverage of the project and to promote the good name of the fund whenever possible
General
The fund will meet four times a year to review applications. Applications will be reviewed against the objectives, conditions and requirements set out above. The decision of the fund on any project is final. Applications may be refused without disclosing reasons and the bank reserves the right not to enter into correspondence with applicants once they have been notified that their application was not successful.
Proposals must reach the fund in the quarter before each quarter end, ie in December for the March quarter, in March for the June quarter, in June for the September quarter and in September for the December quarter.
Download application form (you are required to submit your application in this format)
back to top
Healthcare Projects
Healthcare Application Form (PDF)
Guidelines for applying for funding
Nedbank Namibia’s Social Investment Fund focuses on projects that lead to self-sufficiency and a positive contribution to the national economy. Its key areas are entrepreneurship, education and health. Support takes the form of non-repayable grants and low-interest loans with affordable repayment periods.
The fund concentrates predominantly on new projects that have a strong educational component in which participants will learn new skills and practices, in turn passing this knowledge on to others. The objectives of the fund and the criteria for applications are set out below.
Strategic Objectives
The objectives of the social investment fund are generally to facilitate the development of Namibians by assisting them financially in their pursuit of personal and/or business development and their ultimate educational and financial independence.
The specific objective for healthcare funding is to support projects focused on primary healthcare for disadvantaged communities, including equipment and structures for primary healthcare facilities.
General Conditions
- The fund supports projects initiated by bona fide registered institutions and NGOs or welfare organisations. It does not support generic fund-raising drives or trusts
- Preference is given to projects supporting and improving the health of disabled people, the aged, the terminally ill, the abused, the orphans
- Projects must be based in Namibia and directly benefit mainly disadvantaged Namibians
- Funding levels are entirely on merit
- Preference is given to projects where the bank is the sole commercial partner
- Regular and accurate reports are required and projects are visited by the fund co-ordinator
- Applications must contain all required information as published in the bank's website and available from the fund co-ordinator
The fund will not support:
- Attendance at conferences, workshops and meetings
- Bursaries and scholarships (the bank has a separate bursary scheme)
- Conservation (this is covered by the bank's Go Green Fund)
Aspects considered when awarding grants
- Profile of the project and its relevance to socio-economic development
- Willingness of the recipient to host bank, client and media visits to the project and to participate in media events
- Multiplier effect of the proposal (its potential to be replicated and attract further funding)
- Extent to which own contributions (cash or kind) are made by the applicant
- Value for money
Requirements When applying to the fund
- Submission of a comprehensive, but concise, project proposal in the prescribed format. Proposals that follow different formats or are longer than stipulated will not be considered. The format is available from the bank's website (social investment fund) or from: Co-ordinator: Social Investment Fund, Nedbank Namibia, PO Box 1, Windhoek
- Proposals will only be considered if fully completed, including a detailed budget breakdown and cash flow projections, clearly stating the amount the project will be able to repay if granted a loan
- Each proposal must contain:
- For organisations – a copy of the latest annual report or a copy of the constitution and the lead person's working history and certified copy of identity document
- For individuals – working history, certified copy of identity document and contact details of two personal references
If your application is successful, you will be required to:
- Enter a formal agreement with the fund, including agreement on how funds will be disbursed (and repaid if awarded a loan)
- Provide regular quarterly progress reports, technical and financial, on the objectives, activities, outputs and budget as per the approved proposal
- Allow the fund, or its agent, to visit project sites and review financial accounts and practices
- Within one month of the end of the project, provide a final technical report, a final financial report supported by original invoices, and copies of any other products of the project
- Ensure that the fund is fully acknowledged in all products and in all media coverage of the project and to promote the good name of the fund whenever possible
General
The fund will meet four times a year to review applications. Applications will be reviewed against the objectives, conditions and requirements set out above. The decision of the fund on any project is final. Applications may be refused without disclosing reasons and the bank reserves the right not to enter into correspondence with applicants once they have been notified that their application was not successful.
Proposals must reach the fund in the quarter before each quarter end, ie in December for the March quarter, in March for the June quarter, in June for the September quarter and in September for the December quarter.
Download application form (you are required to submit your application in this format)
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