Request for Proposal (RFP) (Financial Service Provider) at the International Labour Organization (ILO)

Posted by Future on Tue 19th Oct, 2021 - nigeriantenders.com

The International Labour Organization (ILO) invites reputable and experienced service providers to tender RFP documents for the following works:

The International Labour Organization (ILO) is a United Nations agency whose mandate is to advance social and economic justice through setting international labour standards. Founded in October 1919 under the League of Nations, it is the first and oldest specialised agency of the UN.

Applications are invited for:

Title: Request for Proposal (RFP) for the Recruitment of a Financial Service Provider to Support the Livelihoods of Smallholder Cocoa Farmers and Gold Miners as part of the Fight Against Child Labor in Ondo and Niger State.

Preamble

The International Labor Organization is implementing a project- “Accelerating action for the elimination of child labour in supply chains in Africa” (ACCEL Africa), funded by the Government of the Netherlands. The goal is to support on-going efforts by ILO and partners to eliminate child labour in Global Supply Chains in Africa. The ACCEL Africa project in Nigeria seeks to collaborate with civil society organizations as well as financial and non-financial service providers based in Niger and Ondo States for the execution of some of the project activities in cocoa and gold mining supply chains.

Qualification and Experience Required

This call for tender is open to all licensed financial institutions in Nigeria, and which will meet the following criteria:

Legal status (exclusive criteria):
- The financial institution must be licensed to provide the required service and comply with the law.
- The financial institution must be able to prove at least two years of activity.
Management capacity:
- The financial institution must be present in at least 80% of the project communities in each state where they choose to support the project (see list of communities in Annex 1) either through a physical presence or through a network of financial service agents.
- The financial institution must have in its portfolio a significant proportion of active rural clients (VSLA / VSLA groups, GCS, small farmers, cooperatives, etc.).
- The financial institution must already have products intended for farmers and / or women's IGA (individual and group loans, individual and group savings, agricultural micro-insurance).

Motivation

Proven interest in developmental outcomes as well as financial sustainability
Capacity and willingness to develop innovative financial services that meet the specific needs of low-income rural households and smallholder farmers.
Capacity to develop or use innovative tools and distribution channels, to create partnerships to facilitate access and use of financial products and services which can thus contribute to the improvement of financial inclusion in Nigeria.
Ability to work with a digital platform provider to layer and offer their service
Willing to facilitate access to a wide range of financial services such as savings, credits, micro-insurance
Flexibility to work with customers on preferred and workable payback plan (i.e repayments matched to cashflow)
Willingness and flexibility to adjust existing products to suit the needs of smallholder farmers, and develop and pilot innovative bundled products

Technical and Financial Support for the Project

Financial services providers should submit a technical and financial proposal that addresses the issues outlined above. Proposals from providers who can effectively provide the needed service in one of the two states are also welcome. Whilst there is no minimum page limit for the proposal, the maximum page limit is 25 pages for the technical proposal, which is expected to be clear and concise.

Technical support for the project can be linked to:

Development of new financial products or services
Adaptation of existing financial products and services
Coverage of new communities in the intervention area
Knowledge of target households and agricultural activities supported by the project
Partnership with fintech, assurtech, agritech, mobile money operator

The financial proposal should provide detailed costing. Eligible expenses may be, in a non-exhaustive manner: travel costs linked to on-site missions, per diem, declining percentage of salary in the event of recruitment, transport costs, training costs, consultation costs.

Main Selection Criteria

Any financial institution that does not meet the legal status requirements is excluded from the assessment process.
Firms are welcome to partner. They are also welcome to sub-contract specific activities to other local or international firms if and where deemed necessary

Applications Closing Date

6:00pm, 24th October, 2021.

Submission of Documents

Interested organizations should submit technical and financial proposals by email to: kolawole@ilo.org and eke@ilo.org

For more clarification on this RFP document, please Click Here (PDF).