| Field | Details |
|---|---|
| Grant Program Name | ReFi Colombia |
| Application ID | APP-YTQLNGOS-Z342MT |
| Application URL | https://app.karmahq.xyz/localism-fund/browse-applications/APP-YTQLNGOS-Z342MT |
| Primary Contact | Ximena Monclou, Legal & Governance Lead |
| Organization | ReFi Colombia |
| Submission Date | October 21, 2025 3:33 PM (MDT) |
| Round / Review Cycle | Round 01 – Cycle 1 |
| Total Score | 12.5 / 16 |
| Estimated Disbursement | $7,840 ✅ |
ReFi Medellin 2K addition to Subsidy Program https://celoscan.io/tx/0x1c5bfe28ab13d3775d36d757081c2f3268d066c47b251249803f76143b1b0b74
Celo Colombia 5K addition to Subsidy Program https://celoscan.io/tx/0x6eb1748feb720196bbfd5b003f83ba37dd03f20f67769f20db261e760d92aeee
Program Wallet Address 0xB41C38818a18b736867D9640f0B191b7890Da136 | | Local Co-Funding Raised | $7,000 | | Application Status | Approved | | Operator Contact | Benjamin (@omniharmonic on Telegram or [email protected]) |
| Evaluation Check | Status |
|---|---|
| Application Completed Sufficiently | ☑ Yes |
| Meets Program Criteria | ☑ Yes |
| Meets Round Criteria | ☑ Yes |
| Local Program Proceeding / Matching Funds Confirmed | ☑ Yes |
| Overall Readiness | Ready |
→ Total Average Score: 12.5 / 16
| Evaluation Category | Avg Score (out of 4) | Reviewer Comments |
|---|---|---|
| 1️⃣ Program Scope & Strategic Alignment | 3.3 | *- “Clear local impact addressing Colombia's 42% unbanked population; proven model scaling from 50→250 users; strong Ethereum ecosystem expansion potential. Scope seems a bit broad and timeline seems very ambitious.” |
“Intersting scope, good balance between socio-economic and ecological iniatives.”
”Clear asks, budgets, narrative, goals and outcomes.”* | | 2️⃣ Local Co-Funding & Financial Sustainability | 2.92 | *- “$12k total confirmed ($7k cash + $5k in-kind); solid but below $15k benchmark for 'excellent.' Limited funder diversity with lack of on-web3 funding sources. Strong budget transparency with multisig and Dune Dashboard.”
“Would love for them to reach out to local / regional co-funders. Would personally match them at 1.25-1.5x”
“Co-funding secured. However financial sustainability seems like an ongoing challenge as they fund through web3 mechanisms.”* | | 3️⃣ Round Operations, Mechanisms & Impact Framework | 3.08 | *- “Impressive in that 3 different mechanisms used for 3 programs; however, the operations of the English program is vague. Clear impact framework with real-time dashboard tracking and proven Karma GAP track record.”
“Would love to have a framework where specific high-impact individual receive the subsidies - not clear who receive this now.”
“Clear intentions and asks.”* | | 4️⃣ Team Capacity & Community Anchoring | 3.17 | *- “*Strong, experienced, distributed team with proven capacity; however ReFi Colombia is a relatively new endeavour”
*- “Proven operates with a lot of experience”
"Clear historical evidence of success with programs. Program ask is aligned with scaling existing programs successfully.”
”Strong application from a proven team scaling tested infrastructure. Evident local impact, Ethereum localism focus, and operational clarity with on-chain metrics, though ReFi Colombia as national coordinator is relatively new. More funder diversity would make this an even stronger prospect.”
”Strong application with a relevant program, could benefit from partnering with regional institutions and co-funders to scale their efforts.”
ReFi Colombia presented a strong operationally grounded proposal to scale proven local infrastructure from ReFi Medellín to a national level across Colombian bioregions. Reviewers consistently praised the program's demonstrated track record, noting that ReFi Medellín's subsidy smart contract has operated successfully for ten months with nearly fifty users and zero security incidents, while the broader team has established five active regional nodes, raised funds across multiple Web3 campaigns, and supported numerous reforestation and educational initiatives since 2023.
The three-program structure — automated subsidies for financial inclusion, local node grants for regenerative activities, and an English course leveraging blockchain rewards — demonstrated clear operational planning with transparent on-chain operations including public multi-sig treasury, real-time Dune Analytics dashboards, and comprehensive Karma GAP reporting. The proposal directly addresses Colombia's significant unbanked population while creating measurable impact across ecological, social, economic, and on-chain dimensions, with confirmed co-funding meeting program requirements.
The program was approved based on its proven execution capacity, zero-incident technical track record, clear scaling strategy from local to national operations, comprehensive impact framework, and transparent operational practices that position it well for immediate deployment and ecosystem-wide learning.