The MIRP Fund is committed to facilitating the successful execution of critical development projects in Ghana. We provide tailored financing solutions to private companies that have secured contracts with the Government of Ghana. This page outlines the eligibility criteria, application process, and required documentation for companies seeking funding. We encourage all interested and qualified parties to apply and partner with us in building a prosperous Ghana.
Request for fund
Introduction
The MIRP Fund is committed to facilitating the successful execution of critical development projects in Ghana. We provide tailored financing solutions to private companies that have secured contracts with the Government of Ghana. This page outlines the eligibility criteria, application process, and required documentation for companies seeking funding. We encourage all interested and qualified parties to apply and partner with us in building a prosperous Ghana.
Eligibility Criteria
To be eligible for funding from the MIRP Fund, applicants must meet the following criteria:
- Valid Government Contract: The applicant must possess a valid and legally binding contract with the Government of Ghana or a recognized government agency for a project within Ghana.
- Financial Stability: The applicant must demonstrate a sound financial standing with a proven track record of successful project delivery. This will be assessed through audited financial statements and other relevant financial documentation.
- Project Feasibility: The proposed project must be technically sound, economically viable, and environmentally and socially sustainable. A comprehensive project proposal demonstrating feasibility is required.
- Legal Compliance: The applicant must be in full compliance with all applicable laws and regulations in Ghana.
- Experience and Capacity: The applicant must demonstrate the necessary experience, capacity, and resources to successfully undertake and complete the proposed project.
Application Process
The application process for funding from the MIRP Fund consists of the following steps:
- Download Application Package: Download the complete application package, including the application form and detailed guidelines, from the link provided below.
- Prepare Application: Carefully review the application guidelines and complete the application form accurately. Gather all required supporting documentation.
- Submit Application: Submit the completed application form and all supporting documents electronically to request@themirpfund.com or deliver a hard copy to our office address: Hallmark House, East Legon, Accra.
- Initial Screening: The MIRP Fund team will conduct an initial screening of your application to ensure it meets the basic eligibility criteria.
- Project Evaluation: Eligible applications will proceed to a detailed project evaluation phase. This will involve a comprehensive assessment of the project’s technical, financial, environmental, and social aspects.
- Due Diligence: The MIRP Fund will conduct due diligence on the applicant company to verify the information provided and assess its capacity and track record.
- Investment Decision: Based on the project evaluation and due diligence findings, the MIRP Fund’s investment committee will make a final decision on funding approval.
- Contract Negotiation and Disbursement: If approved, the MIRP Fund will negotiate the terms and conditions of the financing agreement with the applicant. Upon agreement, funds will be disbursed according to the agreed-upon schedule.
Download Application Package
Required Documentation
Applicants must submit the following documentation with their application:
- Completed MIRP Fund Application Form
- Copy of the signed contract with the Government of Ghana
- Company profile, including registration and incorporation documents
- Audited financial statements for the past three (3) years
- Detailed project proposal, including:
- Project description and objectives
- Technical specifications and design
- Detailed budget and cost estimates
- Implementation schedule and timeline
- Market analysis (if applicable)
- Environmental and social impact assessment (ESIA) report
- Risk assessment and mitigation plan
- Legal documents, including:
- Board resolution authorizing the application
- Tax clearance certificate
- Any relevant permits and licenses
- Any other documents as specified in the application guidelines
Request for Funds
Eligibility Criteria
To be eligible for funding from the MIRP Fund, applicants must meet the following criteria:
- Valid Government Contract: The applicant must possess a valid and legally binding contract with the Government of Ghana or a recognized government agency for a project within Ghana.
- Financial Stability: The applicant must demonstrate a sound financial standing with a proven track record of successful project delivery. This will be assessed through audited financial statements and other relevant financial documentation.
- Project Feasibility: The proposed project must be technically sound, economically viable, and environmentally and socially sustainable. A comprehensive project proposal demonstrating feasibility is required.
- Legal Compliance: The applicant must be in full compliance with all applicable laws and regulations in Ghana.
- Experience and Capacity: The applicant must demonstrate the necessary experience, capacity, and resources to successfully undertake and complete the proposed project.
Application Process
The application process for funding from the MIRP Fund consists of the following steps:
- Download Application Package: Download the complete application package, including the application form and detailed guidelines, from the link provided below.
- Prepare Application: Carefully review the application guidelines and complete the application form accurately. Gather all required supporting documentation.
- Submit Application: Submit the completed application form and all supporting documents electronically to request@themirpfund.com or deliver a hard copy to our office address: Hallmark House, East Legon, Accra.
- Initial Screening: The MIRP Fund team will conduct an initial screening of your application to ensure it meets the basic eligibility criteria.
- Project Evaluation: Eligible applications will proceed to a detailed project evaluation phase. This will involve a comprehensive assessment of the project's technical, financial, environmental, and social aspects.
- Due Diligence: The MIRP Fund will conduct due diligence on the applicant company to verify the information provided and assess its capacity and track record.
- Investment Decision: Based on the project evaluation and due diligence findings, the MIRP Fund's investment committee will make a final decision on funding approval.
- Contract Negotiation and Disbursement: If approved, the MIRP Fund will negotiate the terms and conditions of the financing agreement with the applicant. Upon agreement, funds will be disbursed according to the agreed-upon schedule.
Required Documentation
Applicants must submit the following documentation with their application:
- Completed MIRP Fund Application Form
- Copy of the signed contract with the Government of Ghana
- Company profile, including registration and incorporation documents
- Audited financial statements for the past three (3) years
- Detailed project proposal, including:
- Project description and objectives
- Technical specifications and design
- Detailed budget and cost estimates
- Implementation schedule and timeline
- Market analysis (if applicable)
- Environmental and social impact assessment (ESIA) report
- Risk assessment and mitigation plan
- Legal documents, including:
- Board resolution authorizing the application
- Tax clearance certificate
- Any relevant permits and licenses
- Any other documents as specified in the application guidelines
FAQ
Q: What types of projects does the MIRP Fund finance?
A: The MIRP Fund primarily finances infrastructure, energy, healthcare, education, and agriculture projects that are contracted by the Government of Ghana. We prioritize projects that have a significant positive impact on Ghana’s economic and social development.
Q: What is the typical loan amount that the MIRP Fund provides?
A: The loan amount varies depending on the project’s size, scope, and financial requirements. We consider each project on a case-by-case basis.
Q: What are the loan terms and conditions?
A: The loan terms and conditions, including interest rates, repayment schedules, and fees, will be determined based on the specific project and the applicant’s financial profile.
Q: How long does the approval process take?
A: The time required for the approval process depends on the complexity of the project and the completeness of the application. We strive to process applications as efficiently as possible. Applicants can expect a response within 2 weeks of submitting a complete application.
Q: Does the MIRP Fund provide grants?
A: No, the MIRP Fund provides financing in the form of loans. We do not offer grants.