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Consultancy for Due diligence on Financial Institutions for Partnership

JOB SUMMARY

Company Co-operative ...
Industry International...
Category Banking
Location Tamale
Job Status Contractor/Co...
Salary GH¢ 
Education -:-
Experience N/A
Job Expires Jan 24, 2020
Contact ...
 

Company Profile

CDF Canada is an Ottawa (Canada) based international development organization building prosperity in communities around the world. We work with local partners in Africa, Asia and Latin America to establish and grow community-owned co-operatives to help people achieve more prosperous, self-reliant lives.

Job Description

  • Location: CDF Canada, Tamale Office
  • Application Deadline: January 24th, 2020
  • Duration of Engagement:15 Days
  • Reporting to: Ghana Country Manager
 
Terms of Reference
The Cooperative Development Foundation of Canada (CDF-Canada) in collaboration with SEND Ghana is implementing a 5.5 years project. The project is entitled, the 4R- Nutrient Stewardship(4R-NSP) and it is funded by the Canadian Government with contribution from Fertilizer Canada and CDF-Canada. The 4R-NSP aims at improving the socio-economic well-being of 30,000 smallholder farmers in Ghana, particularly women through improving agricultural productivity and sustainability. 
 
As part of the strategies of improving agricultural productivity and farm income among smallholder farmers and for that matter cooperatives, the project will be working to ensure that farmers have the capacity to procure inputs and services at the right time for both production and post production activities. One key constraint facing smallholder farms to pursue production is access to finance. Recognizing this challenge, the project designed revolving fund (guarantee fund) to facilitate access to finance. Now, the project is seeking to partner with reputable financial institutions, who can potentially manage and administer the revolving loan fund through the delivery of appropriate financial products and services to the farmers.
 
It is against this background that the project is seeking for a consultant to carry out a due diligence on financial institutions to identify and recommend the institution to partner with for a successful management and administration of  the revolving fund (loan fund) through delivery of financial services and products to the project clients.
 
Project locations
The 4R-NSP is being implemented in four districts (East Gonja, Nanumba North and South, and Kpandai Districts).
 
Overall Goal and Objective of Consultancy
The main objective of this consultancy is to conduct an assessment that will lead to the identification of a financial institution for partnership with the project in the delivery of financial services to small holder farmers in a sustainable manner. 
 
The major objectives of this assignment include;
  • Review administrative, legal status (if registered and certified by authorities), political, economic, social, cultural, institutional history, vision, mission, leadership, institutional capacity, gender equality commitment, human and financial resources, formal and informal management systems, assessment of performance, and inter-institutional linkages; 
  • Assess their existing financial management procedures, guideline and policies 
  • Assess existing financial products and services appropriate for smallholder women and men farmers 
  • Assess their risk mitigation strategies, delinquencies and loan recovery strategies 
  • Assess their financial stability (health), review financial and audit reports of the previous years 
  • Assess their experience managing similar funds in the past.
  • Make recommendations towards a feasible exit strategy.
 
Scope and focus of the assignment
The consultant will lead the process in identifying potential financial service providers and carry out an institutional and financial assessment of them leading to a recommendation of the financial institution that the project should partner with to deliver financial services to small holder farmers. This assignment will cover a period of and is expected to begin on 3rd of February 2020. The consultant will ensure that activities related to the assessment are implemented in accordance with CDF Canada policies and other applicable rules and regulations from Global Affairs Canada (GAC). The Consultant will work in close coordination with the CDF Canada-Ghana team and SEND Ghana and with the following detailed scope of work with the following tasks:
  • Develop work schedule detailing the planned activities for the assignment and time allocation together with resources required for each activity/task 
  • Identify and screen financial institutions for the due diligence
  • Develop due diligence guidelines and tools that highlights the issues that will be assessed.
  • Carry out the due diligence which should include analysis of financial data, institutional assessment, field visits etc.
  • Submit report detailing findings and recommendations on potential financial institutions to partner. 
 
Consultant Responsibilities
The consultant is responsible for performing the following activities: The consultant will be required to lead on all the tasks below, in consultation with the project team:
  • Carry out field trip to understand the operations of the institutions and the financing needs of project clients
  • Develop a work plan and timeframe for the assessment
  • Develop and share assessment guide and tools
  • Review and adopt scoping guide for identification of potential Institutions for assessment
  • Carry out scoping to identify potential institutions for assessment
  • Carry out institutional assessment of the institutions under review (governance, personnel, policies, reach and others)
  • Carry out review of financial reports of institutions under review
  • Analyse data collected and carry out comparative analysis of the institutions
  • Draft and submit due diligence report 
  • Present and discuss results with CDF team for inputs
  • Submit final report and recommendations to CDF
 
Responsibility of CDF Canada and Partners
The project is responsible for the following
  • Arrange logistics including accommodation, transportation and subsistence for the consultant to undertake the assignment
  • Avail project staff and where necessary recruit field assistants in the districts to support in the assignment
  • Arrange for field meetings in the various districts and make available the needed logistics (stationery, transport, feeding, etc) to execute the assessment
Deliverables
  1. Develop and share with CDF the work schedule for the assignment 
  2. Present to CDF a report that clearly explains the basis for selecting the institutions for the due diligence.
  3. Develop and share with CDF the guidelines, and tools, and methodology for the due diligence
  4. Submit due diligence report with the following details for discussion
    • The technical, social and financial ability of the institution to manage a loanable fund and efficiently and sustainably meet the needs of small holder farmers
    • The willingness and interest of the institution to partner with the project
    • Establish key technical, institutional risk factors and suggest strategies for mitigation and or elimination.
  5. Submit final assessment report

Required Skills or Experience

It is expected that the consultants/firm to undertake this assignment should; 

  • Have a good understanding of the banking industry in Ghana including the products and services
  • Experience in carrying out similar assignment in Ghana or other areas
  • Thorough experience in Agricultural value chain financing to improve access to financial services by small holder farmers and Agri businesses
  • Experience working with Agri-business in Ghana, especially Northern Ghana
  • Experience in the development of financial products
  • Extensive Work with smallholder farmers on Access to Finance in Northern Ghana

How To Apply

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