How is the funding awarded? The HSEF2023 will be offered through two pathways: Seeding path: • The funding will be offered in the form of a grant funding to support the developmental purposes of the organisation, in line with the targeted impact areas of funds provided. [...] What are the monitoring and reporting requirements? • To determine the efficient and well utilisation of the funds, successful applicants must provide the following within their progress report every 3-6 months with interventions to close any gaps: o Implementation plan: to be illustrated by quarters of the total duration of the funding period depicting an execution plan, targeted milestones to ac. [...] Do I need to continue reporting to Hasanah after the grant is completed? • Yes, the duration for the post-grant/funding reporting period will be stated in the funding agreement during the award stage. [...] Who will set up the KPIs/Milestones? • The applicant is able to propose the KPIs/milestones during the application stage and the HSEF team will further refine the KPIs/milestones together with the applicant during the due diligence stage. [...] What are the implications of a default in repayment of the loan? • In the event that the funding recipient defaults in repayment of the loan, the recipient is required to repay to Hasanah the total disbursed amount, together with a sum (“Premium”) equivalent to the rate of five (5%) per annum thereon, calculated from the date of first disbursement of the Funding Amount by Hasanah until full settle.
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