Expression of Interest (EOI) at the Development Bank of Nigeria (DBN)

Posted by Future on Mon 27th Sep, 2021 - nigeriantenders.com

The Development Bank of Nigeria (DBN) invites interested and eligible consulting firm's (consultants) to indicate interest by submitting EOI documents to tender for the following works:

The Development Bank of Nigeria (DBN) exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria.

Applications are invited for:

Title: Expression of Interest (EOI) for Institutional Assessment and Capacity Building of Participating Financial Institutions Onboarded by Impact Credit Guarantee Limited, with the Aim to Improve the Uptake of Credit Guarantee Products

Preamble

The Development bank of Nigeria (DBN) Plc has received a loan from the International Bank of Reconstruction and Development (IBRD) and intends to apply part of the proceeds of this loan in engaging a qualified consulting firm to provide Technical Assistance (TA) to select Participating Financial Institutions (PFls), aimed at expanding the scope of their lending to Micro, Small and Medium Enterprises (MSMEs), through credit guarantee products.

The goal of the TA is to augment the level of formal credit and financial services made available to MSMEs, by improving the capacity of PFls to increase their uptake of impact Credit Guarantee Limited’s credit guarantee products (ICGL is a wholly owned subsidiary of the Development Bank of Nigeria); recommend appropriate solutions to identified gaps and facilitate the deployment of solutions. Capacity building shall cover areas such as technology, product development, and closing the MSME information asymmetry.

Five eligible PFls have been selected for this TA from the pool of PFIs currently cooperating with ICGL They include four commercial banks and one microfinance bank. Selection was based on need and potential to ramp up guarantee volumes from these PFls. The selection criteria are as follows:

Length of relationship between ICGL and PFI: PFIs in relationship with lCGLfor not less than 6 months.
Volume of business: Average monthly guarantee volume of less than N500 million.
Capacity of PFI todo more business with ICGL, based on the sizeof its MSME portfolio relative to the business with ICGL.
Level of difficulty currently experienced with the PFI.

In addition to the review of selected PFIs, this TA will cover the review of ICGL’s products and the development of products necessary to support the implementation of ICGL’s COVID-1 9 strategy.

Scope of Work
The consultant is expected to support the selected PFIs through a two-phase process:

Phase one entails undertaking an institutional assessment of the selected PFls’ specific needs and the development of a detailed work plan for each PFI, including suggestions as regards product design; identification of possible solutions most suited to address identified gaps; and the development of products/programs required for the implementation of ICGL’s COVID-1 9 strategy.
Phase two involves supporting the roll-out of agreed solutions from phase one.

The DBN invites eligible consulting firms (“Consultants”) to indicate their interest in providing these Services. Interested Consultants should provide information demonstrating the required qualification and experience to perform these Services.

Minimum shortlisting criteria

Evidence of vast experience (local and/or international) with similar projects related to MSME credit guarantee and financing.
Evidence of experience with other credit guarantee funds.
Evidence ofexperience in setting up and training staff in MSME finance units of large commercial PFls; in supporting PFls to reach out to MSMEs beyond their traditional client base, including women-owned/operated MSMEs; and in the utilization of digital solutions.
Evidence of extensive capacity building experience related to strengthening the understanding and usage of credit guarantees to facilitate lending, appropriate lending techniques (e.g., cash-flow based), use of digital solutions and process automation tailored to emerging market environments where MSMEs’ financial record keeping and access to collateral is limited, and where weaknesses in the financial infrastructure inhibit efficient foreclosure on collateral.

The following additional criteria would be considered an advantage for Consultants who meet the above-mentioned criteria:

Demonstrated evidence of successful implementation of similar projects in Nigeria or Africa.
Experience in similar projects financed by international development institutions such as the World Bank Group, European Bank for Reconstruction and Development, and/or other relevant institutions.

Application Closing Date

25th October, 2021.

Submission of Documents

Expressions of Interest must be submitted electronically to the: ndinwoke@devbankng.com with copy to: audit@devbankng.com , procurement@devbankng.com addressed to:

The Project Coordinator,

Development Bank of Nigeria (DBN),

The Clan Place,

1386A, Tigris Crescent,

Maitama - (FCT) Abuja.

Note

All Expressions of Interest must be a maximum of 15 pages.
Detailed information on similar assignments executed should be presented in the format provided in Appendix 1 below.
The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank’s Guidelines: Selection and Employment of Consultants under IBRD and IDA Credits & Grants by World Bank Borrowers, May 201 ,revised in July 2014 (“Consultant Guidelines”), setting forth the World Bank’s policy on conflict of interest.
Consultants may associate with other firms in the form of a Joint Venture or a sub-consultancy to enhance their qualifications.
For Joint Ventures (JV), each member firm shall be evaluated independently and should be reasonably qualified to undertake the assignment in case of withdrawal by any of the members. Expression of Interests must clearly demonstrate the qualification of each member against the minimum criteria.

Expressions of Interest from firms in association {JV or sub-consultancy) should include the following:

A cover letter stating the type of association or partnership, signed by member firms.
A draft agreement or letter of intent to form an association.

A Consultant will be selected in accordance with the Quality and Cost Based Selection method set out in the Consultant Guidelines.

Appendix 1 Similar Assignments Executed

interested Consultants are expected to list relevant projects (previously executed projects of a similar nature) against each criterion stated above. information requested in the table below should be provided for each project. Firms in a Joint Venture/ Consortium should provide the required information for each partner firm (separately) to allow for an Isolated assessment of each partner firm. Information to be provided shall take the following format;

Minimum Shortlisting criteria:
- Copy and paste each criterion provided in the Terms of Reference.
Name of Partner Firm:
- Only applicable to JVs / Consortium.
Project Title:
- List all relevant projects applicable to each criterion.
Project Scope:
- Describe project scope / scale including geographical location or coverage.
Budget/ financial scope for each project.
Main project responsibilities activities.
Project start and end date.
Measurable Result / Impact / Output:
- Provide information on the success or outcome of the project.
Funding Organization.
References:
- Name, Designation, Email Address, Address, Phone Number.

For more information on this EOI, please Click Here (PDF).