How GSI works with OM-ers and OM Fields
From Jan 2022, GSI be handing over to OM Africa Area our small business loans program. If you are an OM-er from Africa Area who wishes to start a small business-as-mission, please contact GSI Africa at email@example.com.
GSI will continue to monitor and evaluate existing projects, and to share what we have learned. However, GSI will not be launching any new initiatives starting Jan 2022.
What are the deadlines?
For 2022, Africa Area will announce the application deadlines.
The Funding Application Process
GSI works closely with OM fields and area leadership. If you are an individual OM-er in Africa Area and have a proposal, please submit your proposal through your OM Field.
Step One: Contact GSI Africa (firstname.lastname@example.org)
Let them know:
- Your purpose or vision: What do you hope to see if your plan is successful?
- How do you see GSI Africa working with you?
- Describe what your plan will look like, in one paragraph.
- What are a few financial numbers involved? I.e., the total costs, what funding is being requested from GSI, and in the case of a business what the profitability is expected to be.
- Your email to GSI must be copied to your Field Leader.
Step Two: Work on a Plan
The GSI Africa Team will work with you to have a proposal plan that includes:
- How your proposal will achieve your purpose or vision, e.g., how it will lead to financial sustainability and how it will lead to more vibrant communities of Jesus followers.
- How this fits in with the vision and mission of your Field (and Area, where relevant)
- Relevant details:
- A business plan in the case of a business proposal (e.g., ownership and registration, staffing, marketing plan)
- In terms of missional outcomes, to whom, how and how often will there be sharing of the Gospel and disciple-making.
- Details on the financial numbers, e.g., break-down of costs, and in the case of a business, expected revenue, cost of sales and operating expenses.
- Research, e.g., market research on a business idea.
Step Three: Written Proposal Finalised and Submitted by 28 Feb 22, 30 June 22 or 31 Oct 22
How GSI Funds Businesses
- Starting Small -- Wherever possible, GSI will be looking to start on a small scale, e.g., for a retail business start running it small-scale from your home before renting a shop. This tests the idea, gives OM the opportunity to learn and gain experience before expanding or taking on bigger demands, and avoids big disappointments.
- Shared Contribution -- GSI does not provide 100% funding except in exceptional cases. OM Fields and OM-ers are expected to contribute their own resources and fund-raising efforts.
- Loans -- Most of GSI's funding is likely to be by way of interest-free loan. Successful enterprises should give back so that other global south initiatives can benefit.
- Start-Up Costs, not Operating Expenses -- For businesses, GSI provides funding for Start-up expenses or Expansion costs in the case of existing businesses, i.e., one-off expenses. GSI does not fund ongoing, recurring Operating Expenses unless necessary for the business to be self-sufficient, and no more than 3-6 months' operating expenses.
- Staging -- The funding may be released in part, i.e., in stages over time, as progress is made and as milestones are achieved.
- Last Funder for Capital -- Where funding is for large set-up capital costs, e.g., purchasing land or property, we are usually the last funder, i.e., we will release our funds only when all the rest of the funding has been raised.
- Return of un-used funds -- Where any GSI funding is not used for the stated purposes, it must be returned to GSI.
- GSI does not fund personal support costs.
Monitoring and Evaluation
All projects with GSI are monitored and evaluated on an ongoing basis. This is to promote learning, to encourage and help project owners, and to track outcomes.
Click here to read more about the GSI Monitoring and Evaluation process.