Millennium Development Goal Financing Facility (MDGFF) ? Participatory Business Planning

Purpose

To lift significant numbers of the poor out of poverty through their ownership of financially, environmentally, and socially sustainable ventures, utilising renewables and energy efficiency - provided services and infrastructures.

Main activities and outputs

Development of a business plan for the Energy - MDG Facility, including:

Governance and Agreements
Establish the Facility
Define the Operational Structure
Selection and Grant-Making Procedures
Define Monitoring and Evaluation System
Define Facility Services and Technical Assistance
Launch

Production of required legal documents

Once operational the Facility will draw on various sources for: grant funds (Fondazione Cariplo, Fondazione Monte dei Paschi) to scale up partner venture creation activities and to create new partners; equity investment in the ventures (local sources and GEEREF); and debt (Banca Etica/local sources).

Expected impacts

Expansion in the number of participating entrepreneurs in the models developed by the existing MOSAICO partners, into the 100s of entrepreneurs per partner, in the first year.
Expansion of partners by at least four in the first year of operation to begin the 3-4 year cycle of assessment, venture selection, pilot project, and replication through which each partner will, in turn, create hundreds of small ventures.