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Credit Guarantee Advisor USAID Feed the Future, Kenya Investment Mechanism-July 2020

Credit Guarantee Advisor USAID/Feed the Future, Kenya Investment Mechanism

Kenya Investment Mechanism (KIM) is a five-year USAID-funded project that will unlock $400 million in investments to key agricultural value chains, namely the horticulture, dairy, livestock, and energy sectors. KIM addresses constraints on the supply side and demand side of investment transactions and boosts the enabling environment (policy and regulations) to promote the flow of capital for business expansion. By mobilizing capital and building partnerships between stakeholders in the financial ecosystem, KIM supports USAID’s overall goal of fostering broad-based, sustainable, and inclusive economic growth for Kenya.

KIM provides business transaction support through a diverse range of sustainable partnerships with and among businesses, institutions, government counterparts (county and national) and other development partners. These partnerships will help scale and replicate creative approaches to unlock finance and investments, reduce risks of extending credit to the agriculture and energy sectors, and offer testing of innovative business models that can be scaled.

The Palladium Group:

Palladium is the implementing organization behind KIM. As a global leader in the design, development, and delivery of Positive Impact, Palladium creates enduring social and economic value. We work with foundations, investors, governments, corporations, communities and civil society to formulate strategies and implement solutions that generate lasting social, environmental and financial benefits.

For the past 50 years, we have been making Positive Impact possible. With a team of more than 2,500 employees operating in 90 plus countries and a global network of more than 35,000 technical experts, Palladium has improved—and is committed to continuing to improve—economies, societies and most importantly, people’s lives.


Background:

The Coronavirus pandemic is negatively impacting Kenya’s economy, in particular micro, small, and medium enterprises (MSMEs) and their ability to access financing. The Central Bank of Kenya revised its GDP estimate for 2020 from the initial growth of 6.2% to 3.4%, whereas a McKinsey & Company report placed reduced the growth expectations for Kenya to 1.9%.

To stimulate financing, specifically for MSMEs, the Government of Kenya is considering a loan guarantee mechanism for financial institutions. The Kenya Investment Mechanism may assist in the development and launch of such a guarantee fund.

KIM seeks to develop a pool of short-term financing experts who can strategically complement the development, design, launch, implementation, and monitoring of a credit guarantee fund.

Scope of Work Objective

To assist with the establishment of a guarantee fund in Kenya, KIM is issuing this call for short-term consultants with credit guarantee experience in one or more of the following areas:

·       Design and development

·       Implementation

·       Implementer capacity building

·       User training

·       Claims processing

·       Monitoring

·       Legal and policy regulations

This scope of work is not just about advising and directing the development of a guarantee model. It’s about co-creating with GoK stakeholders and strategically complementing our GoK partners, building their capabilities for future self-reliance.

Proposal submission

Interested individuals must submit (i) a cover letter outlining their experience and qualifications to undertake the assignment; (ii) a detailed CV; (iii) a description of specific credit guarantee experience with examples of responsibilities and achievements; and (iv) proposed daily rate (fee inclusive of any taxes).

KIM is obliged by the Kenyan tax authorities to withhold 5% income tax on service fees as well as any applicable VAT. Tenderers are advised to ensure that they have a clear understanding of their tax position with regard to the provisions of Kenyan tax legislation when formulating their financial proposals.

Required qualifications and experience of the consultant (individual):

·       Minimum 10 years of experience working as a commercial loan officer, credit manager, or private equity investment officer;

  • Demonstrated experience in one or more of the following:
  • 5 years of credit guarantee investment advisory experience preferred;

·       Solid knowledge of finance and investment for MSMEs;

·       Demonstrated soft skills:

o   Detail-oriented with strong critical thinking, problem solving, analytical, and negotiating skills;

o   Excellent verbal, written, and presentation communication skills;

o   Ability to think and plan strategically.

Education

·       Bachelor’s degree in a related field is required, Masters preferred

·       Formal bank credit training preferred  

Selection Criteria

The successful candidates will be selected through an evaluation of the technical proposal in line with the Technical Evaluation Grid Form below. The financial offers of those tenderers reaching a minimum score of 60 will be evaluated to generate an overall assessment for review and selection by KIM’s procurement committee.

Inquires may be submitted to: us.kimprocurement@thepalladiumgroup.com. To be considered, your proposal must reference “Credit Guarantee Advisors” and must be addressed to: us.kimprocurement@thepalladiumgroup.com and received by Sunday, August 9, 2020. 

NOTE: Palladium reserves the right to select one or more candidates, or no candidates, at its sole discretion.

TECHNICAL EVALUATION CRITERIA FORM

 

Criteria for Assessment

Marks

Score

1. Bank loan officer, credit manager, or private equity investment officer              experience and closing of debt/equity transactions

30

 

            2. Demonstrated experience in one or more technical                                                          areas detailed in the SOW Objective

30

 

            3. Credit guarantee advisory experience

20

 

            4. MSME finance and investment knowledge

10

 

5. Demonstrated soft skills

5

            6. Relevant education

5

 

Total Score (minimum score required 60)

100

 

 

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