How we Work
KIFFWA pursues an innovative way of deploying development funds and commercial capital to water initiatives in Kenya.
This is realized by providing early-stage capital and expertise to (lead) developers of water initiatives. In that way KIFFWA acts as a co-developer of a given initiative and ‘de-risks’ the lead developer of that initiative during the development phase; typically the most risky phase of any initiative.
Initiatives are identified at idea/concept stage. The overall criteria for an initiative to become part of the intake procedure include having or promoting:
- Positive Environmental Impact
- Positive Social Impact
- Financial Viability
- Technology Transfer
- Strong Lead Developer
- Sound Governance
Furthermore, initiatives should be bankable and of scale (with a size of at least EUR 2 million in total project costs). The lead developer should be a reputable person or entity with a strong track record of project development and/or management and to have invested or demonstrate skin in the project.
Intake & Investment Process
Because KIFFWA intervenes in the most risky phase of project development, it employs an intake procedure (see the different steps below), starting with the orientational phase or quick scan until the signing of a Joint Development Agreement (JDA).
Generally, the KIFFWA intake and investment process can be summarised as follows: