The Partnership Funds Program is considered an important fundraising instrument in Funbio’s history, having raised approximately USD 6,3 million from partner institutions.
It is such an important instrument because it was a way to identify institutions keen to invest in conservation projects and also to leverage additional resources using Funbio’s limited resources. This program allowed Funbio to achieve its counterpart funding target of a minimum of 5 million in its first five years of existence, a condition in the contract with the GEF that created Funbio with a USD 20 million grant. It was one of the conditions for Funbio to receive the second disbursement from the GEF, of about 10 million, to finance other conservation projects but also to ensure its institutional maintenance.
