DRGR FAQ
Q

When should a Grantee setup a Revolving Loan Fund (RLF) Project versus a Program Income Account?

Date Published: February 2015

Print ShareThis

A

Grantees should consult their CPD Representative before establishing a Revolving Loan Fund (RLF). In general, a RLF could be established when the following criteria are met: (1) loans are being provided for revenue generating activities (e.g., rehabilitation, economic development loans) with new loan proceeds funded by the repayment of other loans, and (2) the loans are being provided for activities of the same Activity Type.

In DRGR, the RLF-designated Project should only include Activities that are part of the RLF. To designate a Project as an RLF, there is a checkbox in the Add/Edit Project screen.

Designate Project as RLF.



Tags: DRGR Drawdown - Program Income - Receipts, RLFs, and PI Accounts

FAQ ID:

2058