Get Ga Revolving Loan Fund Application - Ben Hill County 2016-2024

When setting up a Revolving Fund, the aim should be to ensure that the target groups are financially involved, either voluntarily or compulsorily. Participation in Revolving Fund by a donor may be in the form of grants, interest-free advances, loans, combinations of any of these and guarantees.

A revolving loan fund is a pool of public- and private-sector funds that recycles money as loans are repaid (revolved funds).

The authorized balance of imprest, petty cash and other revolving funds should be reported as cash in the general ledger in whichever fund expenditures are expected to be paid from. Expenditures should be recorded when such funds are replenished to their authorized balance.

Revolving loan funds (RLFs) are pools of capital from which loans can be made for clean energy projects—as loans are repaid, the capital is then reloaned for another project.

Revolving funds, established for the purpose of carrying out specific activities, institute a basis under which financing for the cost of goods or services furnished to or by a government agency originate. Revolving funds are to be replenished through charges made for such goods or services.

Revolving funds can provide loans for projects with difficult access to traditional loans from financial institutions or can provide loans at a below- market rate of interest (soft loans).