diff --git a/akvo/rsr/models/project.py b/akvo/rsr/models/project.py
index ad2b9d5481..0adf7193aa 100644
--- a/akvo/rsr/models/project.py
+++ b/akvo/rsr/models/project.py
@@ -979,13 +979,13 @@ def budget_total(self):
         return Project.objects.budget_total().get(pk=self.pk).budget_total
 
     def has_multiple_budget_currencies(self):
-        budget_items = BudgetItem.objects.filter(project__id=self.pk)
-        num_currencies = len(set([self.currency] + [c.currency if c.currency else self.currency for c in budget_items]))
-
-        if num_currencies > 1:
-            return True
-        else:
-            return False
+        # Using a python loop for iteration, because it's faster when
+        # budget_items have been pre-fetched
+        budget_items = self.budget_items.all()
+        num_currencies = len(
+            set([self.currency] + [c.currency for c in budget_items if c.currency])
+        )
+        return num_currencies > 1
 
     def budget_currency_totals(self):
         budget_items = BudgetItem.objects.filter(project__id=self.pk)
diff --git a/akvo/rsr/views/project.py b/akvo/rsr/views/project.py
index 9d3d284777..ea53c61a78 100644
--- a/akvo/rsr/views/project.py
+++ b/akvo/rsr/views/project.py
@@ -112,7 +112,8 @@ def directory(request):
     page.object_list = page.object_list.prefetch_related(
         'publishingstatus',
         'recipient_countries',
-        'sectors'
+        'sectors',
+        'budget_items',
     ).select_related(
         'primary_organisation',
         'last_update'