Are Ida Grants Real?

Washington, D.C., U.S. The International Development Association (IDA) (French: Association internationale de développement) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries.

How do I get an IDA grant?

In order for participants to be considered eligible for an IDA through AFI, participants must be TANF eligible, EITC eligible, or have income at or below 200% of the poverty line. Since the inception of the program in 1999, AFI has enabled more than 60,000 low-income earners save through an AFI IDA.

How does IDA work?

You contribute money from your earnings from work. With an IDA, your contributions are matched with money from your State's TANF (Temporary Assistance for Needy Families) program or from special funds called "demonstration project" money. The matching money may help you reach your goal sooner.