Request for Expression of Interest (REOI) for selecting Participating Financial Institutions (PFIs) under Sustainable Coastal and Marine Fisheries Project (SCMFP)

REQUEST FOR EXPRESSION OF INTEREST (REOI)

For Selection of Participating Financial Institution (PFI) for the Access to Finance Package of the Sustainable Coastal and Marine Fisheries Project (SCMFP)

Country            : Bangladesh

Project name    : Sustainable Coastal and Marine Fisheries Project (SCMFP)

Project ID         : P 161568

Credit no.         : 6326-BD

Assignment      : Pilot testing of Access to Finance Mechanism to the aquaculture and fishers value chain with assistance of the SCMFP and the Consultant.

  1. Background

The Government of the People’s Republic of Bangladesh (GoB) has received a credit from the International Development Association (IDA) towards the cost of ‘Sustainable Coastal and Marine Fisheries Project’ has been implementing by the Department of Fisheries (DoF) and intends to apply a part of the credit to develop an aqua-finance product affordable for both the borrowers and lenders. The product is intended for readily access to finance mechanism for the highly potential coastal aquaculture and fishers’ value chain.

The SCMFP has engaged TMSS as a consultant to design, develop and testing of financial product for aquaculture and fisheries value chain. To develop an inclusive financial product and pilot test of that under this consultancy services that will require participation of financial institutions (NGOs/MFIs/Banks/NBFIs).

The pilot testing of Access to Financial Mechanism (AFM) will be carried out through partnership with selected financial institutions (FIs).

  1. Objective of the ToR

Identify 3 participating financial institutions (PFI) and pilot testing of the agreed mechanisms with the identified and contracted PFIs.

  1. Responsibilities of the PFIs:
  • Pilot the implementation of the aqua-finance products among the selected loan seekers to ensure easy access to financial capital by the fisheries and aquaculture producers and value chain actors.
  • During the pilot phase each of the PFI (NGO/MFI/NBFI/Bank) will serve 100 participants involved in Aqua SME/MSMEs of varying sizes within the allocated provisions of funds for pilot testing the developed Aqua-finance model in each of the PFIs assigned districts (Barisal, Coxs Bazar and Khulna).
  1. Eligibility:
  • Proven abilities MSME financing
  • Presence in the respective coastal districts – Khulna/Barisal/Cox’s Bazar
  • 5 years of experience in providing SME/MSME financing
  • Registered with Microcredit Regulatory Authority
  • Experience of managing loan funds for SME/MSMEs
  1. Proposal submission

The detailed scope of services and deliverables are available in the Terms of Reference (ToR) at https://shorturl.at/CVwPh or Click here to download.

ToR is also available at www.fisheries.gov.bd

  • Three entities (Bank/NGO/MFI/NBFI) will be selected as Participating Financial Institutions (PFI), one for each district.
  • The procuring entity reserves the right to accept all or any of EoIs without assigning any reason whatsoever.

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