New Tender Vacancies at DSIK Tanzania June 2024

REQUEST FOR PROPOSAL (RFP)
Consultancy for Developing Youth-Centric Financial Products in SACCOS
TERMS OF REFERENCE
1.0 BACKGROUND
German
Sparkassenstiftung Eastern Africa (DSIK) is an international NGO
headquartered in Bonn, Germany, dedicated to combating poverty through
sustainable financial inclusion. At the heart of its mission lies a
commitment to partnering with local organizations to execute project
activities collaboratively. DSIK’s interventions primarily focus on
professionalizing and digitalizing the microfinance and Savings and
Credit Cooperative Societies (SACCOS) sector. By prioritizing this
sector, DSIK aims to enhance financial literacy, foster capacity
development, and bolster institutional strength.

In Tanzania,
DSIK is providing advisory services to the Savings and Credit
Cooperative Union League of Tanzania (1992) Limited (SCCULT (1992) Ltd).
Project activities in Eastern Africa are not limited to Tanzania, but
also include Burundi, Kenya, Rwanda, and Uganda. In Tanzania, DSIK is a
registered International Non- Governmental Organization under The
Non-Governmental Organization Act, 2002 made under Section 11 (1) and 17
(2) of Act No. 24 in 2002 with Registration No. I- NGO/R1/005.

Within
this initiative, DSIK is set to collaborate closely with SCCULT (1992)
Ltd, the umbrella organization for SACCOS in Tanzania mainland.
Established in 1992 under the Cooperative Act No. 15 of 1991, SCCULT
(1992) Ltd is dedicated to empowering and advancing SACCOS through
advocacy, financial assistance, and technical support. SCCULT (1992) Ltd
is licensed under the Microfinance Act of 2018, holding license number
MSP3-TCDC/2021/00374 issued in 2021.

2.0 OBJECTIVES OF THE PROJECT
The main objective of this
project is to foster sustainable development by enhancing access to
financial products, particularly among rural populations, with a focus
on youth in Tanzania. Tanzania boasts a significant proportion of young
individuals, comprising approximately 64.8% of the total labor force.
Despite efforts to ensure equitable financial access, the 2023 FinScope
survey has highlighted a concerning trend: a notable increase in
financial exclusion among youth, surging from 33% in 2017 to 51% in
2023. This exclusion disproportionately affects rural youth, especially
those engaged in agricultural activities.

This initiative
therefore aims to empower Savings and Credit Cooperative Societies
(SACCOS) with the knowledge and resources necessary to design and
develop youth- centric financial products. This involves raising
awareness and developing financial solutions that align with the
specific needs and preferences of the youth in targeted regions.

3.0 SCOPE OF WORK
This
assignment, which should be completed within 30 working days, entails
conducting focused training workshops on “Developing Youth-Centric
Financial Products” for selected SACCOS established within Agricultural
Marketing Cooperative Societies (AMCOS) in the Kagera and Tanga regions
of Tanzania Mainland. The workshop duration in each region is
approximated to take three (3) days. Preceding the workshop, the
consultant is expected to have conducted a needs assessment, identifying
the specific product requirements, challenges, and opportunities within
the selected SACCOS and/or regions.

Furthermore, the workshops
are to provide the consultant with the relevant input that will support
the formulation and development of credit policies as well as loan
manuals on youth-centric financing for the respective SACCOS in the
specified regions.

Therefore, the workshop aims to address the following areas:
(i)
Presentation of identified product needs. Present the specific needs,
challenges, and opportunities for youth-centric financing identified
during the pre-workshop needs assessments.
(ii) Product development.
Engage SACCOS stakeholders in a collaborative process to develop
youth-centric financial products. Ensuring a youth- centric approach is
maintained throughout the conceptualization and design. This process
shall include formulating effective pricing strategies, branding, loan
manuals, policies, and detailed implementation plans, including
appropriate piloting and evaluation frameworks.
(iii) Regulatory
compliance. Ensure that participating SACCOS are well- informed about
the relevant regulatory frameworks and compliance requirements.
(iv)
Risk mitigation. Equip SACCOS with strategies for identifying,
assessing, and mitigating financial risks associated with financing
products targeting youth.
(v) Monitoring and evaluation framework.
Develop a practical and user-friendly monitoring and evaluation
framework to track the progress and success of the developed financial
products over time.
(vi) Documentation and knowledge sharing. Ensure
comprehensive documentation of workshop inputs and outcomes, providing
participants with materials for knowledge sharing.

4.0 KEY DELIVERABLES
The expected deliverables in this assignment are:
(ii)
Product development. Engage SACCOS stakeholders in a collaborative
process to develop youth-centric financial products. Ensuring a youth-
centric approach is maintained throughout the conceptualization and
design. This process shall include formulating effective pricing
strategies, branding, loan manuals, policies, and detailed
implementation plans, including appropriate piloting and evaluation
frameworks.
(ii) Needs Assessment – A short report presenting the specific needs, challenges, and opportunities for youth-centric financing.
(iii)
A Draft Workshop Report: – This will include a presentation of findings
and recommendations after completing the training workshop in each of
the selected regions. The report should be produced within seven (7)
days after completing the workshop in the respective region.
(iv)
Final Workshop Report – This report shall be produced within three (3)
days after receiving remarks from DSIK and its partner (SCCULT) on the
Draft Report. DSIK and its partner (SCCULT) shall be required to provide
remarks on the draft reports within three (3) days of receiving the
draft report.
(v) Credit Policies/Loan Manuals on Youth-Centric
Financing: Two policies/manuals, one in each region, shall be produced
within ten (10) days after submitting the final workshop report. Once
received, DSIK and its partner (SCCULT) shall review the document and
provide remarks within three (3) days, and the consultant shall be given
the same number of days (3) to produce respective final documents.
(vi)
Detailed Pilot Planning and Evaluation Framework – This document will
provide an overall guidance on the methodology for piloting the
developed financial products, along with a monitoring and evaluation
framework to track their performance. This shall be produced five (5)
days after submitting the Credit Policies/Loan Manuals on Youth-Centric
Financing.
(vii) Workshop materials and resources – This will include
resources and materials used and shared during the workshop such as
PowerPoint presentations, and reports among others. These shall be owned
by DSIK and its partner and shall be shared along with the final
report.
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5. QUALIFICATION AND EXPERIENCE OF THE CONSULTANT
The
Consultant should have at least a master’s degree in a discipline
relevant to youth and finance, economics, agricultural finance,
agribusiness, project management, or other relevant discipline.
Candidates with bachelor’s degrees, possessing adequate experience in
financial product development will also be considered.
The consultant should have relevant qualifications and working experience, particularly:
(i)
At least a master’s degree in finance, Economics, Agribusiness,
Agricultural Economics, Business Administration,
Microfinance/Cooperatives or related field.
(ii) At least 10 years of
working experience in Rural Development, Microfinance, Financial
Product Development, or Youth and Finance.
(iii) Familiarity with youth-responsive approaches to product development and financial inclusion.
(iv) Excellent training skills in youth-centric product financing, preferably in Cooperatives and Microfinance Institutions.
(v)
A comprehensive knowledge of the regulations, policy updates, and
circulars within the cooperative sector, including The Microfinance Act
2018, The Microfinance Regulations 2019, as well as the Cooperative
Societies Act 2013.
(vi) Proficiency in project management, technical writing, capacity building, facilitation, and project implementation.
(vii) Experience in communicating effectively with a diverse team of partners.
(viii) High ability in producing concise and analytical reports.

An eligible consultant may either be an individual or a firm.

6. MODE OF APPLICATION/BIDDING REQUIREMENTS:
Interested
consultants should submit both Technical and Financial Proposals for
this assignment. Financial Proposals should provide, among other things,
a breakdown of costs for the training workshops per region, and the
bidders should be VAT registered (if it is a firm) and must be able to
provide Electronic Fiscal Device Receipts (EFDs). The proposals should
be accompanied by the Company Profile (for firms), CVs of the
responsible team, Address (PO Box), Phone Number, Email Address,
Physical Address, and list of both the previous and current Corporate
Customers.

The proposals should be submitted to the following e-mail by 10th June 2024 at 17:00 (EAT): Office.Tanzania@dsik.org
Please be informed that candidates who will not hear responses by 20th June 2024 should consider themselves unsuccessful.
For any enquiry you may contact: Ms. Jennifer Sisila via Tel: +255 716 4712 20 or E-Mail: Jennifer.Sisila@sparkassenstiftung.de

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