Amendment to Request for Application
Amendment number: 1
Reference Request for Application Number: RFA-CATALYZE-217772-Ethiopia-2022-0051
|Amendment effective date: January 6, 2023|
Description of Amendment
Changes are highlighted in yellow in the amended RFA. All other sections and attachments remain unchanged.
CATALYZE Ethiopia: MS4G, an initiative funded by the United States Agency for International Development (USAID) and implemented by Palladium LLC, through this grant mechanism, is inviting financial institutions (FIs) that are interested in restructuring or refinancing loans to agribusinesses, one-stop-shops, agro-dealers/retailers, farmers, farmer cooperatives, cooperative unions, exporters or smaller financial institutions suffering demonstrable shocks caused by the Ukraine conflict and increased fertilizer prices. Palladium is implementing the MS4G Debt restructuring for agriculture loans under USAID Prime Contract # AID-7200AA19C00080.
Palladium is a global leader in the design, development, and delivery of Positive Impact —the intentional creation of enduring social and economic value. We work with corporations, governments, foundations, investors, communities, and civil society to formulate strategies and implement solutions that generate lasting social, environmental, and financial benefits.
Objective and Anticipated Outcomes
MS4G’s debt-restructuring activity aims to assist Agri-SMEs whose loan is categorized by the bank as either “special mention’ or “non-performing” - because of the increased cost or scarcity of fertilizer and production stemming from the economic impacts of the conflict in Ukraine.
This will be achieved by grants to multiple qualified commercial banks. This debt restructuring initiative is intended to ensure that eligible Agri-SMEs have the funds needed for the required minimum payment to restructure or refinance a loan and allow banks to adjust payments to enable client Agri-SME’s operations to monthly, quarterly, semi-annual, or annual payments to avoid a mismatch between cashflow generation and bank loan repayment schedules.
As appropriate, following debt restructuring, MS4G will connect client Agri-SMEs whose loans were restructured to its network of Business Advisory Service Providers (BASPs). These BASPs will provide advisory and consultancy services to improve these businesses' longer-term operational, financial, and organizational performance to reduce the risks of future debt service challenges and thus overall restructuring risks. CATALYZE MS4G, through grants issued under this RFA, seeks to achieve the following but not exclusive illustrative outcomes: 6 / 15 Indicator Intervention Outcome towards Target Remark Ind G1: USD capital mobilized Up $25m This indicator is an all-inclusive sum of capital mobilized through MS4G efforts.
Important notes for interested Applicants:
The original RFA is amended effective January 6, 2023, and is released on CATALYZE website, interested bidders can access the RFA by clicking the link below:
Attachments can be found by visiting the CATLAYZE procurement website the Current Opportunities – My CMS (catalyze-procurement.com)
If potential applicants have any questions, queries, or clarifications, they may forward them to the following email address before the date stated on the cover page of this RFA:
Answers will be shared through an amendment to this RFA. We are kindly inviting the applicants to send their expression of interest in participating in the conference related to this RFA through an email
Issuance of this RFA does not constitute an award commitment on the part of CATALYZE MS4G, nor does it commit CATALYZE MS4G to pay for any costs incurred in the preparation and submission of an application. Further, CATALYZE MS4G reserves the right to reject any or all applications received. Applications are submitted at the risk of the Applicant, and all preparation and submission costs are at the Applicant's own expense.
CATALYZE MS4G Grant Team
|Address||Bole Noah Building, next to Boston Day Spa|
CATALYZE Ethiopia would like to make a request for an Application of Financial Institutions (FIs) for the MS4G Debt Restructuring for Agriculture Loans
2merkato.com (Nov 24, 2022)
|Nov 24, 2022 16:18|