Procurement Summary
Country: Haiti
Summary: Microfinance Industry Expertise for Haiti
Deadline: 08 Feb 2021
Posting Date: 25 Jan 2021
Other Information
Notice Type: Tender
TOT Ref.No.: 49516270
Document Ref. No.: 1272552
Financier: World Bank (WB)
Purchaser Ownership: -
Tender Value: Refer Document
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Expression of Interest are invited for Microfinance Industry Expertise for Haiti.
REQUEST FOR EXPRESSION OF INTEREST FOR SELECTION # 1272552
This Request for Expression of Interest is for a Firm Selection. Please log in as a valid Firm User if you wish to express interest in this selection.
Selection Information
Assignment Title
Microfinance Industry Expertise for Haiti
Publication Date
22-Jan-2021
Expression of Interest Deadline
08-Feb-2021 at 11:59:59 PM (Eastern Time - Washington D.C.)
Language of Notice
English
Selection Notice
Assignment Country
· HT - Haiti
Funding Sources
The World Bank Group intends to finance the assignment/services under:
· BF000144 - Unrestricted Service Fees Budget against the Revenue
· BB - BANK BUDGET
Individual/Firm
The consultant will be a firm.
Assignment Description
SELECTION FOR CONSULTANTS BY THE WORLD BANK GROUP - Please refer to ToR attached to the selection for more of information.
REQUEST FOR EXPRESSIONS OF INTEREST
Electronic Submissions through World Bank Group eConsultant2
https://wbgeconsult2.worldbank.org/wbgec/index.html
ASSIGNMENT OVERVIEW
Assignment Title: 1272552 - Microfinance Industry Expertise for Haiti
Assignment Countries:
- Haiti
ASSIGNMENT DESCRIPTION
IFC intends to conduct a market analysis and opportunity assessment to deepen its understanding of opportunities and challenges in the microfinance market in Haiti in light of the new decree to inform our ongoing work in the newly regulated sector. This work will include a review of the new regulation, mapping of the microfinance sector, presentation of the new regulation and its implications to potential investment targets for IFC, and an assessment of potential investment opportunities for pre-selected institutions.
INDIVIDUAL / FIRM PROFILE
The consultant will be a firm.
SUBMISSION REQUIREMENTS
The World Bank Group now invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Consultants may associate to enhance their qualifications.
Interested firms are hereby invited to submit expressions of interest.
Expressions of Interest should be submitted, in English, electronically through World Bank Group eConsultant2 (https://wbgeconsult2.worldbank.org/wbgec/index.html)
NOTES
Following this invitation for Expression of Interest, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.
Only those firms which have been shortlisted will receive notification. No debrief will be provided to firms which have not been shortlisted.
Attachments
· Optional TOR File
Qualification Criteria
· 1. Provide information showing that they are qualified in the field of the assignment. *
· 2. Provide information on the technical and managerial capabilities of the firm. *
· 3. Provide information on their core business and years in business. *
· 4. Provide information on the qualifications of key staff. *
THE WORLD BANK
TERMS OF REFERENCE
Microfinance Industry Expertise for Haiti
INSTITUTIONAL BACKGROUND
The International Finance Corporation (IFC), a member of the World Bank Group,
advances economic development and improves the lives of people by encouraging the
growth of the private sector in developing countries. We achieve this by creating new
markets, mobilizing other investors, and sharing expertise. In doing so, we create jobs
and raise living standards, especially for the poor and vulnerable. IFC is the largest global
development institution focused on the private sector in developing countries. Our work
supports the World Bank Group-s twin goals of ending extreme poverty and boosting
shared prosperity. IFC Upstream in Latin America and the Caribbean has the objective
to create, deepen, and expand markets and imagine, design, and implement investment
projects. It provides a wide variety of services to create favorable conditions for private
businesses and governments in developing countries. Its core objective is to promote
private sector development to reduce poverty in the Region. The Upstream Financial
Institutions team forms part of the Financial Institutions Group (FIG) and aims to create
favorable sector-level conditions for future investment opportunities.
PROJECT BACKGROUND AND OBJECTIVES
In Haiti, access to finance for Micro, Small and Medium-sized Enterprises (MSMEs) is
significantly constrained. Although MSMEs represent about 80% of employers in the
country, around half are unserved or underserved by financial institutions. With a high
level of informality in the economic sector, banks mainly focus on serving large
corporate clients and wealthy individuals. This lack of supply results in an estimated
finance gap of US$ 2.5 billion, or 26% of the country-s GDP.
The microfinance industry can play a significant role in servicing the micro and small
enterprises in the market. Although microfinance institutions have operated in the
country for a significant period, this has been on an unregulated basis, limiting the ability
to raise capital and see significant growth and use of their services. Thanks to the
country-s first microfinance regulation, introduced in August 2020 by presidential decree
(pending for over a decade), a regulatory framework has now been put in place that
sets the base for an enabling environment for MFIs to grow and reach un- and underserved individuals and MSMEs. Existing MFIs have one year to comply with the new
legal requirements of the regulation.
IFC Upstream FIG in Latin America and the Caribbean (LAC) aims to support the
creation and growth of a regulated microfinance market that can crowd in private sector
investors by creating investment opportunities within existing, new or merging
institutions. Doing so requires IFC to better understand how best to support individual
MFIs transition into the regulated environment while contributing to the development of
an attractive microfinance industry able to attract further investment. IFC believes this
work will positively impact the MSME credit market gap, helping to develop and
strengthen the country-s largest employment source (MSMEs), provide greater access
to responsible and affordable financial services for the under-served groups, and foster
greater financial inclusion.
IFC intends to conduct a market analysis and opportunity assessment to deepen its
understanding of opportunities and challenges in the microfinance market in Haiti in light
of the new decree to inform our ongoing work in the newly regulated sector. This work
will include a review of the new regulation, mapping of the microfinance sector,
presentation of the new regulation and its implications to potential investment targets for
IFC, and an assessment of potential investment opportunities for pre-selected
institutions.
SCOPE OF WORK
IFC will subcontract a firm to analyze the microfinance decree, develop a market
analysis and opportunity assessment that focuses on the investment potential for the
Haitian microfinance industry in light of the Haitian microfinance decree of August 25,
2020. This work will lead to the identification of key players and their potential to
become IFC investment clients; the assessment and prioritization of potential
investment opportunities; and the identification of obstacles for market entry.
The scope of the study will be:
1. In-depth review of the Microfinance Decree:
a. Scope of regulation, including permitted actors, actor types, licensing
requirements, ongoing reporting and compliance requirements
b. Role and function of oversight entities, including functions and supervisory
responsibilities
c. Gaps and opportunities, including projected scope of secondary regulation
d. Comparison of regulation to comparable MF regulations globally.
2. Analysis of the local MF market ecosystem, including:
a. Market sizing, universe and potential including number of borrowers, value
of funds, expected volumes based on comparable markets internationally
b. Ranking of top MFIs and other key interested players in terms of assets,
lending, number of borrowers, main industries served, geographic focus,
number and location of branches, performance over the last 5 years.
Segmentation based on target markets.
c. Description of top MFIs- / key interested players- business structures,
including financial and non-financial services offered, breakdown of
portfolio based on loan size, type and distribution; borrower profiles,
strategic partnerships, additional revenue streams, reputation in the
industry.
d. Description of top MFIs- / key interested players- organizational structures,
including capital structure, ownership makeup, subsidiaries and affiliates,
employee background (age, gender, level of education), membership in
umbrella organizations or microfinance association.
e. Analysis of individual MFIs / key interested players- business models,
capital structure, portfolios, and operational and financial strengths and
weaknesses
f. Presence and role of other relevant players in the MF sector:
i. Digital Financial Services providers
ii. Microfinance umbrella organizations (Le Levier, ANACAPH, KNFP,
ANIMH)
iii. Strategic partnerships: MFI associations, partnerships, shared
technology assets/platforms,
iv. Role and involvement of the donor community: WB/IFC, other DFIs,
NGOs, international MFIs.
3. IFC Op
Documents
Tender Notice