Musika Grants Policy
Musika through its policy of working with prospective partners under M4P program provides grants through a cost sharing mechanisms in the negotiated and agreed budgets.
Normally there are 4 types of cost sharing grants which are provide by Musika as follows;
- Cost sharing support to firms with thresholds up to $50,000.00
- Above $50,000.00 up to $ 100,000.00
- Above $100,000.00 up to $150,000.00
- Above $150,000.00 up to $250,000.00( Normally advertised in our local media)
For grants falling under number 2 a basic due diligence (assessing management and financial systems of clients on basic level) is required before the funds can be paid out.
For grants falling under 3 and 4 a complete due diligence(assessing management and financial systems of clients on a detailed level) is conducted before the funds can be paid out.
For number 4 a selection process is followed right through to the due diligence and contract signing process before fund are disbursed.
Other requirements needed are in the Client information requirements form.