ISSUE DATE: October 13, 2022
SUBMISSION DATE: November 30, 2022

 

About the Project

In India, the access to affordable credit for Bottom of the Pyramid (BoP) segment is still beyond their reach even after increase bank branches, introduction of Small finance Banks and deep penetration of MFIs. This is because of high operating cost for small loans amount. Our client is currently devising credit program/product that is affordable and easily accessible to the low-income women entrepreneur segment including SHG/ JLG individuals, nano & micro women entrepreneurs.

The proposed program/product will explore various approaches to provide affordable credit (say around 13-15% pa) to this segment and create an enabling policy framework for micro-entrepreneurial activities of enterprises in the BoP segment, with specific focus on women, and their graduation.  The program includes engagement and advisory services with in-field support, as well as capacity building for the client partners ( like women focused aggregators such as identified State Livelihood Rural Missions (SRLMs)/ Credit Cooperatives, NGO/ CBO-MFIs/ other Non-financial partners etc.)

 

Responsibilities

We are looking for a strong Microfinance/Development Finance Expert  who will be responsible for the following

  • Product/Program design and create an action plan/approach to design and scale up the Enterprise Financing program by assessing/mapping the current status, geographies of intervention, and the requirements of various stakeholders (e.g., CLF of SRLM, Credit cooperatives or societies/ MFIs/ banks, regulators etc.).
  • Conduct due diligence of the potential partners
  • Support Credit Risk Management expert by providing inputs on –
    • Refining existing processes (standard operating procedures, on boarding process management, supervision tools, risk management tools, among others) of the partner selection for various financial inclusion programme.
    • Design rating tools and undertake assessment of potential partners.
  • Overall Program Management and execution support to the client on/for:
    • Play a strong role and serve as the project liaison among all the key stakeholders (client team, SRLM, MFIs, Banks, credit cooperatives, Women’s World Banking) during all project phases.
    • Oversee and support the design, development, implementation, and testing of the various strategies, engagements in close coordination with the key stakeholders
    • Set up monitoring mechanisms to ensure timely deployment and effectiveness.
    • Facilitate formation of steering committee for project review purpose comprising key members of client, WWB and other stakeholder to select partners and review the project.
    • Customise the product/program based on the field learnings and programme requirement,
    • Design capacity building & training program for the client and their partners.
    • Present recommendations in a business-friendly way that identifies any issues, details business/client impact, and build a business case and consensus for implementation.

 

Location & Duration of Consultancy

Mumbai, One year

 

Start Date

Immediately

 

Reports to

Strategic Partnerships & Policy Lead for South Asia

 

Required Qualifications:

  • MBA or post graduate with relevant professional experience of a minimum of 10 Years’ experience in Microfinance/ Livelihoods Programmes/MFIs/ Microfinance consulting and Credit Cooperatives.
  • Experience in Microfinance operations, supporting and handholding NGO/ Community based MFIs
  • Strong project planning, implementation, presentation and coordination skills
  • Excellent communication and problem-solving skills
  • Strong analytical and reporting skills
  • Strong ability to inspire and influence others
  • Strong interest in access to financial services among un/underbanked segment
  • Willingness and Enthusiastic to travel for about 1-2 weeks in a month to meet potential partners and support in overall programme implementation.
  • Fluency in English and Hindi.
  • Mandatory: Candidates residing in Mumbai or willing to shift her/his base to Mumbai for a period of 1 years is a must.

 

To Apply

Applications must be received no later than November 30, 2022 at midnight ET.

Please submit the following:

  1. Cover Letter including but not limited to the following components:
    • Professional Experience: Your experience and ability to carry out the responsibilities. Please provide relevant examples of your experience;
    • Monthly or daily rate
  1. Resume/CV

Women’s World Banking will be unable to contract with any individual who is US citizen or resident without an LLC or LP or similar structure.

*** Applications should be submitted in English ***

DO NOT EMAIL YOUR APPLICATIONS TO THIS LINK. Applications will only be accepted through the below link.

Apply Now!

Applicants may submit their question(s) in writing until November 28, 2022 to aja@womensworldbanking.org.  Please include in the e-mail subject line “Questions: RFQ: Microfinance/Development Finance Expert  ”.

This RFQ does not guarantee or commit Women’s World Banking to proceeding with the above described work. Due to the overwhelming responses not all candidates will be contacted.

Women’s World Banking will be unable to contract with any individual who is US citizen or resident without an LLC or LP or similar structure.