NGO’s: The Financing challenge

Non-Governmental Organizations (NGOs) have always relied on donor generosity to support their activities through donations. However, organizations have realized that this source of funding is often insufficient to meet needs, thereby increasing the costs for implementing their social projects. Resource mobilization requires a lot of time and skills to find resources from different sources. The pressure to mobilize resources can also lead some organizations to use methods that compromise the values they are fighting for on a day-to-day basis. Resource mobilization is a valuable component for strengthening an NGO. Unfortunately, there is a lot of competition for donor resources and, in many cases, for an organization to obtain the necessary resources, depends on how well it can compete with other organizations to raise these funds. NGOs that are fortunate enough to have adequate resources to sustain their current operations still face uncertainty about future funding. The uncertain flow of funding forces an NGO to live from project to project, which conditions the design and expansion of project activities to improve the quality of services. However, the most common mistake that local NGOs make is to become dependent on a single source of funding. When that source shrinks or dries up, the organization strives to generate new funds when it is too late, compromising or ending programs. Therefore, the task facing NGOs today, and in the future, is and will be to explore additional mechanisms to increase financial stability without sacrificing the mission of their organizations.

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