Pending fickogames - Grant Application

[fickogames]

Firm Name
Vendeka Redmont Bank | VDRB

Which grant pool are you applying for?
Innovation, Startup, Research and Development (R&D)

How do you plan on using your grant funding?
The Vendeka Redmont Bank is developing new mortgage policy which should allow new players to access funding to buy their very own plots. a "New Player Mortgage" is low-interest mortgage where the interest follows FRB's policy rate.

FRB has for some time now been struggling to get the banks to follow its policy rate and allow for better control of lending operations. A direct link between the Bank's interest rate and FRB's policy rate is what the server needs, and the government of Redmont too.

These mortages will be drawn from their own fund, "New Player Mortgage Fund", which will be seeded with 100,000 in owner equity and 100,000 in client funds.

We believe this qualifies as Innovation and Development, as it is a new way of banking, one of social benefit to the new players, to get them to stay in the server because they own a piece of the server, their very own house.
We ask for in-kind grant of 100,000 Redmont Dollars, but of course would appriciate any funds the Department wishes to spare.

If funds are granted we shall report to the Department each loan issued, how much of the loan is from the grant money, and total number of new players the Department has helped in the process.

This grant shall serve dual purpose for the department, the above mention social benefit, but also another part. FRB's new deposit insurance is yet to be taken by any commercial bank, and the money that the Department grants will also serve as requirement for such deposit insurance policy, which states that equity must also be put in for every loan. This will mean that if the Department is to grant 100,000, we can loan out at least 600,000 in mortgages to new players and be covered by their insurance.
If there are any solvency issues, FRB would be the one to bear the cost of it, and not the Department or the Government.

Ideal Grant Amount R$ 100,000

If awarded, I intend to use the grant money allocated to me for its intended purpose on which it was approved for, and provide a breakdown in my application thread of how the funding was used.
Yes