Income-Generating Activities - Action Against Hunger

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APPENDIX 15: INTERNAL REGULATIONS OF A REVOLVING FUND
INTERNAL REGULATIONS OF THE REVOLVING FUND COMMITTEE
Republic of Azerbaijan
Article 1. Introduction
ACF-E is implementing a Community Based Agricultural Project in Agjabedi and
Beylagan regions, Republic of Azerbaijan. The project will focus on stabilizing households’
economical basis by generating income. The target groups are vulnerable local
families, refugees and IDP’s in the above-mentioned rural region.
In the framework of its activities, ACF-E established a Revolving Fund Committee
in the District of Agjabedi, in order to manage the procedures of the Revolving
Funds.
This document aims to establish the Internal Regulations of the Revolving Fund
Committee.
Article 2. The purpose of the Revolving Fund Committee
One important component of the project is the efficient and transparent management
of the fund, destined to procure advances in inputs to beneficiary groups involved
in the ACF-E Community Based Agricultural Project. The Revolving Fund
Committee will discuss and decide the conditions and the limitations of the funds in
a participatory way, and Committee membership is on voluntary basis.
The Revolving Fund Committee will take decisions on the allocation of these funds
in regular meetings.
Article 3. Objectives of the Revolving Fund Committee
1. To study with beneficiaries or groups their needs in term of advances in inputs.
2. To set up the amount of advances which have to be allocated to each application
(mostly husbandry or crop production).
3. To have adequate choice of production inputs.
4. To establish repayment capacity of the groups according to farm outputs.
5. To set up criteria for reimbursements in due time.
6. To follow-up reimbursements.
7. To follow-up investments.
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INCOME GENERATING ACTIVITIES: A KEY CONCEPT IN SUSTAINABLE FOOD SECURTIY