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 Institutional Expert who will be responsible for the following

  • Review existing credit process and criteria’s adopted and products features offered by the client for target segment (women entrepreneurs/ MFIs)
  • Designing microfinance products/programs/credit guarantee structure for low income women entrepreneurs at the bottom of the pyramid segment
  • Support on refining existing processes (standard operating procedures, on boarding process management, supervision tools, risk management tools, process-reengineering among others)
  • Design rating mechanism/criteria/tools for various partners and the women enterprises and undertake assessment of potential partners based on the same
  • Support in developing tool kit/operational manual for partner NGO/ CBO –MFI/ other key aggregators/partners.
  • Devise a due diligence mechanism for client partners and conduct due diligence on a regular basis
  • Strengthening business processes and M&E by documenting as is vs proposed functional requirement specification.
  • Design MoUs/contracts for relevant partner institutions
  • Work with selected intermediaries/partners/ aggregators, to implement end to end operating model as part of new product delivery (Individual, JLG and SHG) as applicable.
  • Support in training and capacity building of the client staff and their partners

 

Location & Duration of Consultancy

Mumbai, One year

 

Start Date

Immediately

 

Reports to

Strategic Partnerships & Policy Lead for South Asia

 

Required Qualifications:

  • Relevant professional experience of a minimum of 8 years of experience in building a small lending operations: examples NGO-MFIs/credit societies/ credit cooperatives/federations etc.
  • Should have understanding of institutional, legal and operational aspects of running a NGO-MFIs/credit societies/ credit cooperatives/federations etc.
  • Strong understand of the Risk management tools, due diligence, designing and executing credit processes in the context of microfinance
  • Strong project planning, implementation, presentation and coordination skills
  • Excellent communication and problem-solving skills
  • Strong analytical and reporting skills
  • Strong interest in increasing access to financial services among un/underbanked segment
  • Willingness and Enthusiastic to travel for 1-2 weeks in a month to meet potential partners and support in overall programme implementation.
  • Fluency in English and Hindi is must.
  • 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 Institutional 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.