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2017 ANDE LATAM Catalyst Fund

The call for proposals is now closed.

Watch the recording of the webinar about the ANDE LatAm Catalyst Fund here (password: ande).


The goal of the ANDE Catalyst Fund is to increase the productivity and effectiveness of ANDE members while creating tools and insights that can help the SGB sector as a whole. This year ANDE seeks to fund approximately five (5) proposals with up to $50,000 in grant funds each. Total funds available equal approximately $250,000 thanks to generous support from MetLife Foundation.

increAsing financial inclusion to low and mODERATE income (LMI) individuals in LatAM

The Aspen Network of Development Entrepreneurs (ANDE) invites proposals from ANDE members who are leading efforts to increase access to financial services for low and moderate income (LMI) Latin Americans. The goal of the Catalyst Fund is to increase the productivity and effectiveness of ANDE members and encourage increased collaboration between organizations, while creating tools and insights that can improve the SGB sector. With this challenge fund round, ANDE is keen to support organizations willing to learn from and inform ANDE members based on their experience in order to move the financial inclusion industry forward across Latin America.


 Tuesday, September 26, 2017

 RFP Released

 Monday, October 16, 2017

 Webinar to answer applicant questions (recording here, password: ande)

 Friday, October 20, 2017

Deadline to send clarifying questions (as needed)
Please send inquiries to Lauren Farello 

 Friday, November 3, 2017


Friday, November 10, 2017

 Submission deadline

 January 22, 2018

 Winners Notified

 February 27 – March 1, 2018

 Winners Announced at the FLII 2018

Frequently Asked Questions (FAQs) 

I missed the webinar about the ande latam catalyst fund. was it recorded?

Yes, you can find the recording of the webinar here (password: ande).

How will grantees be selected?

Winning grantees will be selected through a Request for Proposals (RFP) process and final decisions will be made by a selection committee. Interested organizations must submit an application by November 3, 2017 DEADLINE EXTENDED, November 10, 2017. Organizations will be evaluated thereafter and winners will be notified in January 2018.

How do you define Small and Growing Businesses (SGBs)?

ANDE defines SGBs as commercially viable businesses with five to 250 employees that have significant potential and ambition for growth. Typically, SGBs seek growth capital from $20,000 to $2 million. ANDE Catalyst Fund projects should create tools and insights that can not only help your organization try something new and/or do your work better, but help the SGB sector as a whole.

What kind of budget line items are allowed?

While there are no overt restrictions on budget line items, we expect that all proposed budgets will be well thought-out, with sensible amounts under each line-item to carry out the project in a reasonable and efficient manner. Previous winning proposals have included budget items for administration and program management, case studies, dissemination and marketing, research and design, technology development, travel, workshops, and more.

Indirect costs or overhead may also be included in the overall budget.

Cost-sharing is also permitted. The ANDE Catalyst Fund does not have to cover the whole grant, reflecting the fact that this does not have to be a standalone project.

Do I have to be an ANDE member to apply?

While non-ANDE members may be part of a collaborative request, the ANDE member must be the primary grant recipient. Annual membership dues must be current in order to be eligible and organizations must be ANDE members for the duration of the granting period.

Find out how to become a member here

Can an ANDE member apply on behalf of one of its incubated companies?

No. This grant mechanism is for SGB intermediaries not SGBs themselves.

If an ANDE member collaborates with a non-ANDE member, can that be with an individual? Or does it have to be with an organization?  

It is required that an ANDE member be the lead applicant. That member can determine who is best equipped to support the proposed solution outlined in the RFP. There is no requirement on the type of entity subcontracted but it is highly encouraged that the applicant make the case for the decision to partner with the subcontractor chosen.

What kind of collaboration with ANDE members is required?

ANDE members are highly encouraged, but not required to collaborate. However, a clear dissemination plan and steps on how the ANDE network will be leveraged must be included in the project description.

What kind of support will my organization get from ANDE?

Winners will receive support throughout the duration of the grant. This may include access to our virtual monthly Sector Update calls or in person meetings to share insights and learning outcomes from the project. It may also include access to experts in the network to help grant recipients overcome a barrier encountered during implementation. The ANDE Membership Team will support grant recipients to ensure the ANDE network is supportive of the projects and learns from them throughout the grant lifecycle.

Is there a particular geographic focus?

ANDE members with programs in Argentina, Brazil, Chile, Colombia, Mexico and Uruguay will be considered. Unfortunately, programs taking place outside of these countries will not be considered.

Can i submit a proposal in spanish or PORTUGUESE?

No, unfortunately. Only proposals received in English will be considered.

What scope of impact are you looking for?

Successful proposals will have a clear theory of change and will consider and measure (through specific outputs and outcomes) the penetration of the idea/project into the ANDE community and the SGB sector as a whole.  We will also consider the impact on the efficiency and productivity of the organizations involved and how they intend to leverage the funds (whether through partnerships, matched funding, etc.) for expanded impact.  Impact assessment criteria will be defined in the grant agreements. 

Please review the evaluation criteria in the RFP to understand how your proposal will be weighed and for more detail on what we mean by impact.

How many grants will be awarded?

Proposals should request a maximum of $50,000. The selection committee will award up to $250,000 and are likely to award approximately five grants. Therefore some grants awarded may end up being less than $50,000.

Will ANDE be uploading previous winning proposals?

We encourage members to review the 2016 Catalyst Fund page to read about programs that were awarded grants in previous rounds.

is this the same program I heard about that is supporting Fintech start-ups?

Bankable Frontier Associates (BFA) manages a different Catalyst Fund, which provides capital in the form of grants and advisory services to early-stage inclusive fintech startups, while sharing industry insights from lessons learned about accelerating inclusive digital financial services. Supported by the Bill & Melinda Gates Foundation and JPMorgan Chase & Co., and fiscally sponsored by Rockefeller Philanthropy Advisors, the fund also has the guidance of ANDE members, Accion, Omidyar Network, Gray Ghost Ventures; as well as that of Quona Capital. The fund launched in 2016 and will be active until end of 2018.  Find out more about Catalyst Fund.


The ANDE Catalyst Fund was launched in 2009 with $1,000,000 in seed funding from The Lemelson Foundation, the Bill & Melinda Gates Foundation, and the Shell Foundation. Since then, more than $2.5 million has been disbursed to 39 member organizations and the grant-making facility has been replenished with funds from Citi FoundationMasterCard Worldwide, and Goldman Sachs 10,000 Women, and S&P Global.


Special thanks to this year's sponsor: