A microgrant is a small sum of money distributed to an individual or organization, typically for hundreds or thousands of dollars, with the intent of enabling the recipient to develop or sustain an income-generating enterprise.
[2][3] While microfinance and other financial services are intended to serve the poor, many of the poorest are either too risk-averse to seek out a loan, or do not qualify for a microloan or other form of microcredit.
A microgrant serves as an opportunity for communities facing poverty to receive funding for impact-oriented projects, such as schools, health centers, farms and more.
Microgrants for community projects provide a novel opportunity for people facing poverty to solve their own local problems with financing that need not be paid back.
Spark pairs capacity building facilitation with their microgrants to ensure communities receiving the grants are well positioned to take them on.