INTERNATIONAL
RESOURCES GROUP
RESOURCES GROUP
TEL:
703-664-2700
1320 Braddock Place, Alexandria, VA 22314 USA
www.engilitycorp.com/internationaldevelopment
703-664-2700
1320 Braddock Place, Alexandria, VA 22314 USA
www.engilitycorp.com/internationaldevelopment
TERMS
OF REFERENCE FOR CONSULTANCY
OF REFERENCE FOR CONSULTANCY
PROFILING
VISION FINANCE COMPANY’S AGRICULTURE PORTIFOLIO
VISION FINANCE COMPANY’S AGRICULTURE PORTIFOLIO
1.
Background
Background
The
agriculture sector employs about 73%
agriculture sector employs about 73%
of the Rwanda’s population and contributes
34% of the GDP. To date, accesses to financial services and investments in
agriculture have been limited. In the Central bank’s 2013 report, the
agribusiness had just 4% of the loans.
Agricultural
lending constraints include inadequate agribusiness skills (technical knowledge
of agriculture), limited capacity for agricultural loan appraisal, supervision
and portfolio monitoring, minimal outreach in rural areas, weaknesses in
existing financial products for agribusiness, limited marketing of agricultural
financial products and services, and training of agricultural clients in credit
management and saving for reinvestment.
lending constraints include inadequate agribusiness skills (technical knowledge
of agriculture), limited capacity for agricultural loan appraisal, supervision
and portfolio monitoring, minimal outreach in rural areas, weaknesses in
existing financial products for agribusiness, limited marketing of agricultural
financial products and services, and training of agricultural clients in credit
management and saving for reinvestment.
Since
2004, Vision Finance Company (VFC) a microfinance institution subsidiary of
World Vision Rwanda has been offering small and medium size credits to
smallholder farmers in Rwanda. 50% of VFC’s loan portfolio is small investors
in agriculture sector, this motivates the institution to address these
constraints and to improve their efficiency and lending to agriculture. VFC has
partnered with the Private Sector Driven Agricultural Growth Project (PSDAG), a
USAID funded project with an objective of facilitating increased private sector
investment in agriculture, including via increased access to credit. VFC
intends to establish an agriculture lending department, and PSDAG is looking
for ways to assist that expansion. A specific agriculture lending department
would; improve its capacity to analyse agriculture projects, assess risks,
develop appropriate financial products suited to the needs of the target
clients, and efficiently monitor, evaluate and recover their agricultural
loans.
2004, Vision Finance Company (VFC) a microfinance institution subsidiary of
World Vision Rwanda has been offering small and medium size credits to
smallholder farmers in Rwanda. 50% of VFC’s loan portfolio is small investors
in agriculture sector, this motivates the institution to address these
constraints and to improve their efficiency and lending to agriculture. VFC has
partnered with the Private Sector Driven Agricultural Growth Project (PSDAG), a
USAID funded project with an objective of facilitating increased private sector
investment in agriculture, including via increased access to credit. VFC
intends to establish an agriculture lending department, and PSDAG is looking
for ways to assist that expansion. A specific agriculture lending department
would; improve its capacity to analyse agriculture projects, assess risks,
develop appropriate financial products suited to the needs of the target
clients, and efficiently monitor, evaluate and recover their agricultural
loans.
VFC
intends to survey and profile their current clients and activities in the
agriculture sector. This exercise will provide a better picture of VFC’s
agriculture lending; identify clear gaps, and suggest appropriate tools to meet
the needs of its clients in agriculture sector.
intends to survey and profile their current clients and activities in the
agriculture sector. This exercise will provide a better picture of VFC’s
agriculture lending; identify clear gaps, and suggest appropriate tools to meet
the needs of its clients in agriculture sector.
USAID-PSDAG
in support of VFC will hire a competent local consultant with sufficient
experience in banking or financial institution research to survey and profile
the current VFC agriculture clients, in order to help VFC expand their
agriculture lending.
in support of VFC will hire a competent local consultant with sufficient
experience in banking or financial institution research to survey and profile
the current VFC agriculture clients, in order to help VFC expand their
agriculture lending.
2.
Overall Objective
Overall Objective
The
overall objective is to conduct a market research that will inform the
establishment of the agriculture financing department for VFC. Specifically
this consultancy will:
overall objective is to conduct a market research that will inform the
establishment of the agriculture financing department for VFC. Specifically
this consultancy will:
- Profile
the current VFC agriculture portfolio; - Identify
institutional gaps to be addressed to ensure efficient lending to the
sector; - Identify
agriculture financing opportunities that VFC can take advantage of; and - Recommend
financial products with specifications based on identified needs.
3.
Scope and Methodology
Scope and Methodology
The
survey will include about 180 of VFC agriculture clients from Bugesera, Musanze
and
Nyamagabe districts. The consultant will work with VFC staff to coordinate
especially in
survey will include about 180 of VFC agriculture clients from Bugesera, Musanze
and
Nyamagabe districts. The consultant will work with VFC staff to coordinate
especially in
USAID
| PRIVATE SECTOR DRIVEN AGRICULTURAL GROWTH PROJECT
| PRIVATE SECTOR DRIVEN AGRICULTURAL GROWTH PROJECT
INTERNATIONAL
RESOURCES GROUP
TEL: 703-664-2700
1320 Braddock Place, Alexandria, VA 22314 USA
www.engilitycorp.com/internationaldevelopment
RESOURCES GROUP
TEL: 703-664-2700
1320 Braddock Place, Alexandria, VA 22314 USA
www.engilitycorp.com/internationaldevelopment
sampling
and getting client contact information and obtaining secondary data. The
consultant is also expected to:
and getting client contact information and obtaining secondary data. The
consultant is also expected to:
- Design
the survey methodology and a clear efficient sampling strategy. - Categorize
agriculture clients from other clients/sectors. - Identify
categories of clients with projects within the agricultural value chains. - Ascertain
gaps that need to be filled in the current VFC lending systems. - Suggest
financing needs/opportunities for VFC’s agriculture lending. - Review
VFC’s credit policies and suggest ways to facilitate agriculture lending.
4.
Deliverables:
Deliverables:
The
consultant shall undertake the following major tasks.
consultant shall undertake the following major tasks.
- Submit
an inception report with description of how he/she understands the
assignment, methodology to be used, how the assignment will be conducted,
the foreseen decree of challenges in data collection, and a clear action
plan. This report should be submitted 5 days after contract is signed by
the consultant. - Submit
a draft final report (maximum 30 pages) showing a clear profile of the
current VFC agriculture portfolio, with clear recommendations on how to
address the identified gaps and how to structure the new agriculture
financing department to take advantage of the financing opportunities
available within the value chains. The draft report should be submitted
within 5 working days after data collection is finalized. Submit a final
report within 5 working days after receiving comments.
5.
Reporting/Facilities/Inputs:
Reporting/Facilities/Inputs:
The
consultant shall coordinate closely with the VFC Head of Operations and report
to PSDAG’s Lead Finance Facilitator. During the assignment period, the VFC will
provide office space for desk work and for meetings when required.
consultant shall coordinate closely with the VFC Head of Operations and report
to PSDAG’s Lead Finance Facilitator. During the assignment period, the VFC will
provide office space for desk work and for meetings when required.
The
USAID/PSDAG project team and VFC will provide guidance for the consultant and
facilitate access to resources when necessary. USAID/PSDAG will be responsible
for recruiting, contracting and meeting the financial obligations of the
consultant selected.
USAID/PSDAG project team and VFC will provide guidance for the consultant and
facilitate access to resources when necessary. USAID/PSDAG will be responsible
for recruiting, contracting and meeting the financial obligations of the
consultant selected.
6.
Duration of the assignment
Duration of the assignment
This
assignment is expected to be conducted within 30 working days from contract
signing.
assignment is expected to be conducted within 30 working days from contract
signing.
7.
Competencies
Competencies
This
assignment requires consultant with the following or similar qualifications:
assignment requires consultant with the following or similar qualifications:
- Masters
in Business Administration/ Economics/Agriculture Economics/ /Agribusiness
or related field. - At
least 8-10 years of experience in the financial sector or in rural
financing and agribusiness programs in developing countries. - Technical
expertise in M&E, surveys and research - Experience
in microfinance, banking, rural finance with prior experience in setting
up sustainable agriculture/rural finance units within financial
institutions - Relevant
knowledge on different agriculture financial products, and bank outreach
methodologies - Excellent
communication and analytical skills, report writing and data
interpretation
USAID
| PRIVATE SECTOR DRIVEN AGRICULTURAL GROWTH PROJECT
| PRIVATE SECTOR DRIVEN AGRICULTURAL GROWTH PROJECT
INTERNATIONAL
RESOURCES GROUP
TEL: 703-664-2700
1320 Braddock Place, Alexandria, VA 22314 USA
www.engilitycorp.com/internationaldevelopment
RESOURCES GROUP
TEL: 703-664-2700
1320 Braddock Place, Alexandria, VA 22314 USA
www.engilitycorp.com/internationaldevelopment
- Relevant
knowledge of value chain financing and an understanding of financial
sector development - Good
knowledge of the Rwandan agriculture sector and its financing - A
proven track record of relevant consultancy and advisory work.
8.
Application Requirement:
Application Requirement:
The
interested consultant should submit the following documents:
interested consultant should submit the following documents:
- Cover
letter - Technical
proposal - A
one page consultant understands of the ToR. - Two
pages of the proposed methodology, activities and expected outcomes. - A
detailed activities schecdule with time frame. - Copy
of CV of the consultant who will undertake the assignment. - Two
previous examples of similar evaluations carried out by the consultant - Financial
proposal detailing: - Itemized
consultancy fee - Itemized
field data collection expenses - Validity
period of quotation - Expected
payment plan - All
documents must be presented in English.
Applicants
are kindly requested to send the above mentioned documents electronically to
the following address; info@psdag.rw. The application should be
submitted not later than April 15, 2015 at 4:00 PM.
are kindly requested to send the above mentioned documents electronically to
the following address; info@psdag.rw. The application should be
submitted not later than April 15, 2015 at 4:00 PM.
Bids
should be labeled – TERMS OF REFERENCE TO PROFILE VFC AGRICULTURE PORTIFOLIO.
should be labeled – TERMS OF REFERENCE TO PROFILE VFC AGRICULTURE PORTIFOLIO.
