Introduction to Project Funding
Proposal writing has become a very important skill to acquire for people interested in the development sector. One of the key features of work in the development sector is the wide gap between the haves and the have-nots. There is a growing inequality in the distribution of resources as world population bloats. Visionary change-development organizations are springing up in every town and city and are making strides towards improving the lives of the poor and the vulnerable. Billions of US Dollars are spent annually on meaningful projects across Africa. However, the huge sums may appear as nothing when compared to the magnitude of problems that exist. This results in very stiff competition for available funds.
Proposal writing has since become an art and organizations must try to secure as much funds as possible to implement their projects. Skills development in this area is a growing need as it is important to stay in tune with what each funder might require. Organizations seeking funding must also show cause why their project must be funded over all others. They must try to convince the donors that they will produce the best possible results at the best possible costs within the most reasonable period. What makes this even trickier is that one organization will never know what other organizations are proposing to do. This leaves the bulk of the work to the donors who must review thousands of proposals to identify those that best represent the desired impacts, goals and outcomes.
The donors are interested in grant effectiveness. They want to have their money spent meaningfully and in line with their own agenda. The aim of donor funding is to find suitable partners who will work with the poor, vulnerable and marginalized at the grassroots level. In the final analysis, all organizations involved desire similar goals but only a few will survive the competition for good partners. Organizations who fail to fundraise and find capable partners will eventually die off. Call it survival of the fittest or the scramble for donor grants, it would still represent the same facts.
If you currently work in this sector or desire to do so; it is imperative to gear up and compete favorably. This entails employing all tools and resources that can help you achieve this feat because; like in all competitions, you either win or lose. I hope you win.
Michael is a Project Manager with years of experience in nonprofits and managing startups. He shares what he has learnt over time with like-minded persons. He gives classes to persons who plan a future in the nonprofits sector or as entrepreneurs.
What Will I Learn?
- What the term project means
- What makes a good project
- Why projects are funded
- Where project funds come from