About Us

FIELD PARTNER

How to become a WAFAA field partner:

1:  Preparation [Local Partner – Requirements]:

Potential partners will view [How WAFAA Works online] www.wafaalend.org.

Review and understand the WAFAA mechanism.

Meet the minimum requirements and provide the required documents.

Fill the online application.

 

2:  Review and Response:

An up to date portfolio must be sent to WAFAA.

Once portfolio is received, a confirmation letter will be sent.

A maximum 6-weeks waiting period.

If a portfolio is not sufficient, a letter will detail why and how to meet the required standards.

If the portfolio is sufficient, an application will be send to be filled out.

 

3: Completion of required Documents:

Management members’ CVs.

Certified and Audited Budget.

Strategic Work Plan.

A letter of recommendation.

A report of previous achievements.

 

4:  Evaluation Committee:

WAFAA will take 2-4 weeks to reach a decision.

If the application is not sufficient, a letter will detail why and how to meet the required standards.

If approved, a partner will be subject to a 5-star rating system and will be introduced to the risk and terms of use.

 

5: Trial period for partner:

Once approved, a partner will go through a brief period of training and development.

Several projects will be appointed to the partner.

During this period, WAFAA will provide all required assistance.

If successfully completed, the partner will move on to the main stage.
 

 

6:  Congratulations:

WELCOME TO WAFAA! You are now a partner.

The minimum requirements to become a partner:

  • Officially registered in country of origin and has the legal right to practice micro-financing.
  • 2-3 years of experience in the field of micro-financing and fighting poverty.
  • Has at least 1 official year-end budget.
  • Has served at least 500 people.
  • Has the responsibility to collect loans.
  • Has a yearly plan and upper management.

 

Required standards for loans:

  • A photo of the entrepreneur.
  • Fill the visibility study form
  • Provide required training to entrepreneur.
  • Provide all required means of communication.
  • Have a bank account.
  • Can legally send and receive transfers.