TERMS OF REFERENCE-CONSULTANCY FOR DEVELOPMENT OF BUSINESS PLAN OF TEGERA MICRO FINANCE INSTITUTION S.C.


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2merkato.com (Jun 15, 2022)
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TERMS OF REFERENCE - CONSULTANCY FOR DEVELOPMENT OF BUSINESS

PLAN OF TEGERA MICRO FINANCE INSTITUTION S.C.

ጠገራ አነስተኛ የፋይናንስ ተቋም ..

(UNDER FORMATION)

1.  BACKGROUND

Subsequent to the introduction of the financial proclamation, private Microfinance started to come back into the picture to increase the number of Microfinance presently in operation to 41with more than 1750 branches, In addition, there are more than 20 private Microfinance’s under formation with largely similar products and targeting similar customers. Cognizant to the grow of private banks, still, more than half of adult communities are not yet addressed to Microfinance services and all Microfinance are almost the same, with largely similar products and targeting similar customers.

Despite the efforts both on the part of the Government and the institutions, the Microfinance industry is partly characterized by problems related to limited geographical coverage, lack of innovative products & services, and shortage of adequately trained & skilled manpower.

Tegera (ጠገራ) Microfinance Institution S.C. (Under Formation) has observed that the diverse service needs of the public have not been fully met. Therefore, inspired by the encouraging economic policy for private stakeholders’ participation and with the aim to play its part in mitigating the limitations of the existing Microfinance service and most of all to serve the community that has not been fully served, the organizers are working hard to realize their objectives.

According to Microfinance Business Proclamation No626/2009 amended NO1164/2019, nationals of Ethiopia are allowed to invest in Microfinance businesses.

Thus, it is with a view to play its part in the development of the financial sector by introducing innovative products/services and increasing geographical coverage that “Tegera (ጠገራ) Microfinance Institution S.C" is being organized.

2. PURPOSE AND OBJECTIVE OF THE CONSULTANCY

 

The goal of engaging the consultancy's service is to develop operational manuals and standard procedures with the goal of increasing operational efficiency and effectiveness while also promoting proper internal controls, transparency, and accountability to all stakeholders.

 

3. SCOPE OF THE ASSIGNMENT

The Business Consultant Scope of the assignment includes to commence operation, a Tegera (ጠገራ) microfinance institution shall put in place at minimum comprehensive policies, procedure manuals, programs, and guidelines for

  • Credit, 
  • Human resource management
  • Procurement; 
  • Liquidity management, 
  • Internal audit/control,
  • Management information system/MIS,
  • Finance and budgeting,
  • Risk management, 
  • Fixed assets,
  • Corporate governance,
  • Marketing,
  • Microfinance industry, the institution and its products, and required documents by the National Bank of Ethiopia.

4. EXPECTED RESULTS/KEY  DELIVERABLES

Upon granting of the bid for consultancy and through the data gathering and analysis of the business plan , the consulting firm is required to be compliant and responsive to the following deliverables:

  • Data collection tools
  • Draft report.
  • Final assessment report in word and PDF-format, both in soft copy.
  • Presentation of the study report

5. OTHER DELIVERABLES SHALL INCLUDE:

An inception report, complete with an understanding of the TOR, interpretation, constructive comments, work plan and implementation schedule of the assignment, and any other issues that need to be raised at the onset of the assignment. 

6. DURATION OF THE WORK

The duration of the contract shall be 60 working days in total including concept note and full proposal development. This duration is subject to change depending on the final Call for the Proposal.

7. DUTY STATION

The duty station is in Addis Ababa.

8. LINES OF COMMUNICATION

The consultant will report to the Project Manager in Ethiopia and will work closely with other team members of Tegera (ጠገራ) Micro Finance Institution S.C as well as other team members.

9. QUALIFICATIONS AND EXPERIENCE

This assignment could /will be undertaken by a team of either international or national consultants or a consortium or similar consultant companies built on partnership and cooperation between Ethiopian and international experts.

10. REQUIRED SKILLS AND EXPERIENCE

An expert with at least the following qualifications and experience. 

Advanced degree (PhD or Master’s) in the field of Micro Finance, International Finance, Financial Economics, Financial Management, Financial Accounting, Business Management, International Trade or other relevant fields

Minimum of 10 years of proven practical experience in project development and implementation in the fields of Micro Finance, International Finance, Financial Economics, Financial Management, Financial Accounting, Business Management, or other relevant fields with strong Manual development skills, including the capacity to prepare logical, coherent, and consistent technical documents.

  • Demonstrated experience and understanding of the Global and Local microfinance Economy landscapes and Ethiopian Financial and business Legal and Regulatory Frameworks are required.
  • Extensive technical knowledge of Financial issues and policy, in Ethiopia and Sub-Saharan countries, is required.
  • Prior demonstrated experience from other microfinance institutions operating in Ethiopia and abroad.
  • Experience in consulting for both the public and private financial sectors.

11. ELIGIBILITY, KNOWLEDGE, AND EXPERIENCE OF THE TEAM

Applications must be led by an Ethiopian researcher/research consultant with expertise in microfinance and the Banking sector, expertise in conducting financial analyses, and experience using qualitative research analysis and manual/regulation development packages. Members of the research team may include law experts with qualitative research experience, and qualitative analysis. The lead researcher must hold a Ph.D. or a master’s degree in a relevant field.

12. COMPETENCIES

  • Ability to work in close collaboration with a group of national and international experts, meet strict deadlines and plan the work according to priorities; 
  • Excellent English and Amharic speaking/writing skills and presentation skills are required 
  • The ability to write clearly and concisely is a requirement 
  • Results-oriented and ability to interact productively in a teamwork environment; good analytical skills, ability to work under a tight schedule while respecting deadlines achievement, ethics and honesty;
  • Flexibility to adapt to any subsequent changes in the terms of reference. 
  • Willingness and ability to conduct assessments and gather data.

13.HOW TO APPLY

Interested and qualified consulting firm should submit a Technical and Financial proposal including the curriculum vitae of the proposed professional(s) with supporting relevant documents, legal Licenses to Tegera (ጠገራ) Micro Finance Institution S.C head office in person (Non-Returnable)in separate sealed envelopes during office hours or interested and qualified applicants can submit their applications shall be in hard copy within Fifteen working days from the date of this announcement. 

Financial Proposal: The consultant should estimate the cost and prepare a detailed budget for the key activities or phases in the work plan. Cost estimates may cover items including local transportation, professional fees, per diem and other expenses, payments for interviewers, data processors, secretarial services, applicable tax, etc. This should be presented in a separate envelope and should indicate the breakdown of the proposed cost.

14.  SELECTION/EVALUATION CRITERIA

The selection committee will review all applications after the submission deadline. All applicants must meet the minimum requirements described above.

The following are the evaluation/selection criteria for the technical and financial proposals: 

Technical

S.NO

                             Criteria

Points (100 %)

1

Understanding of the ToR

10%

2

Methodology

20%

3

Work plan detail

20 %

4

Relevant experience, organization past performance in relevant job, and team composition

20 %

 

Overall assessment

70%

Financial

S.NO

                             Criteria

Points (100 %)

1

  Budget realism and reasonableness

25%

2

  Bottom line price analysis

5 %

Overall assessment

30%

Applicants should submit their technical proposal and financial proposal separately. The technical and financial proposals constitute 70% and 30% of the total evaluation score, respectively. The firms/consultants with the highest technical points will have their financial proposals evaluated, and the bidder with the highest total of technical and financial scores (with their respective weights) will be selected. Tegera Micro Finance Institution S.C the right to contact short listed and potential candidates to present their proposal to the team and negotiate on terms and conditions if required.Tegera (ጠገራ)Microfinance S.C reserves the right to reject any and all non-responsive or otherwise unacceptable proposals.

Tegera (ጠገራ) Micro Finance S.C Office is located on Milcomi Building 3rd floor, the way to Golden Tulip hotel, opposite side of Birhane Adere Mall, around 50 meters from Mafi building. For any clarification and questions use the following

E-mail: tegerafinance@gmail.com

Company Info
Tegera Micro Finance Institution S.C.
ጠገራ አነስተኛ የፋይናንስ ተቋም አ.ማ.
Address Milcomi Building, 3rd floor, on the way to Golden Tulip hotel, opposite side of Birhane Adere Mall, around 50 meters from Mafi building. 
Email tegerafinance@gmail.com
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