World Vision is a relief, development, and advocacy organisation dedicated to working with children, families, and communities. We work with community members, supporting them to overcome poverty and injustice. Our aim is to lift poor and marginalised households out of the vicious cycle of dependence by addressing the underlying causes of vulnerability to environmental and socio-economic shocks*.*
The Somalia Resilience Programme (SomReP) is a consortium of seven international non-governmental organizations (INGO) and one Local NGO. SomReP works to enhance the resilience of chronically vulnerable households, communities and systems across Somalia/land.
The Somalia Resilience Program (SomReP) is an ambitious approach to tackle the challenge of recurrent droughts and the chronic vulnerability among pastoralists, agro-pastoralists, and peri-urban households in one of the poorest countries in the world. SomReP is being implemented through a consortium of 7 INGOs (ACF, ADRA, CARE, COOPI, DRC, Oxfam and WVI) and 1 Local NGO(Shaqodoon)
Assignment Overview:
The Somalia Resilience Programme (SomReP) uses sustainable approaches to tackle the challenges of recurrent droughts and the chronic vulnerability among pastoralists, agro-pastoralists, and peri-urban households and communities. The consortium has deep experience in Somalia context joined as a consortium in 2012 to build a resilience model based on the global resilience thinking, innovative livelihood approaches for the Somalia context, and bridging the relief to development continuum. SOMREP intends to partner with a bank/MFI so as to support our existing village saving and loans associations (VSLAs), Livestock associations, farmer groups by extending financial services to them. In this case SomRep project in Dollow (Southern Somalia) and Elefyne (Somaliland) requires reputable and qualified MFIs/banks to support this process. The financial institutions/banks will provide access to a flexible source of capital for our program cohort in business through a loan revolving fund. The VSLA concept involves groups of people collaborating to pool their savings together in order to create a fund for lending and borrowing. The primary goal of the of the MFI/bank will be to provide savings and loan services to this economic groups including livestock associations, farmer groups etc.
Objectives:
The objective is to find suitable MFIs or banks that will provide demand driven quality and innovative financial services to small and micro enterprises. The key role of for the financial
service provider will be to operate and manage a loan revolving fund on behalf on the agency. The loan revolving fund will be used to give out loans to agreed cohort between the bank/MFI
and SOMREP program participants in Dollow and Elefyne. Additionally, the financial service provider will also offer access to other appropriate financial services including savings, and fund transfer to the SomRep cohort. All this will ensure sustainability of the current programs
Expected Results:
- Provision of financial services including saving and loans to Economic groups i.e. Saving groups, Farmer/Livestock groups etc.
- Increased access to formal financial institutions that provides savings and loan services.
- Increased accessibility of financial transactions of MBIs through different platforms including mobile banking system.
- Scope of work
The selected financial institutions will be responsible for managing a loan revolving fund on behalf of SoMRep and facilitate loans to economic groups identified by the project staff across project target locations. Additionally, the bank/MFI will also offer additional financial services like opening savings accounts etc. to the project participants The scope of work of the financial institution under this ToR shall include but not necessarily limited to the following;
- Target location: Dollow and Elefyne
We anticipate to recruit MFIs/Bank’s which physical location in the two target locations.
More information is available in the official RFP document
How to apply
IMPORTANT NOTES TO BIDDERS
- Interested bidders must be registered to provide consultancy services in their respective countries.
- Request for Proposal documents will be available Free of Charge to all interested bidders who express interest by filling the form provided in https://forms.office.com/r/QP6fprBNFN by 5:00PM Friday 6th September 2024.
- For enquiries and questions, kindly send an email to Somalia_Procurement@wvi.org
- Instructions for submission of completed proposals shall be indicated on the Request for Proposal document.
- Nothing in this Expression of Interest shall be construed to give rise to contractual obligations with World Vision.
- World Vision, may at its absolute discretion, suspend or defer this EOI process.