Expression of Interest at FGN/IFAD-Rural Finance Institutions Building Programme (RUFIN)
FGN/IFAD Rural Finance Institution Building Programme (RUFIN) (Federal Ministry of Agriculture & Rural Development)
3, Safana Close, off Zaria Street Garki 11, Abuja
Expression of Interest for the Engagement of Consultant for the Institutional Realignment and Strategic Business Process Engineering for the National Association of Microfinance Banks (NAMB) and the Association of Non-Bank Microfinance Institutions of Nigeria (ANMFIN)
A. Introduction
The Federal Government of Nigeria (FGN) has received a loan from the International Fund for Agricultural Development (IFAD) of the United Nation equivalent to USD27.2 million towards the cost of implementing a Rural Finance Institution Building Programme (RUFIN) through the Federal Ministry of Agriculture & Rural Development and intends to apply a portion of the proceeds of this loan for the Engagement of consultant for the institutional realignment and strategic business process engineering for the NAMB and ANMFIN. The Rural Finance Institution Building Programme (RUFIN) is established with a Loan Facility in the sum of US$27.2 million to the Federal Government of Nigeria (FGN) from the International Fund for Agricultural Development (IFAD). The primary objective of this Programme is to develop and/or strengthen the rural microfinance subsector of the economy, comprising the Microfinance Banks (MFBs) and other member-based Microfinance Institutions (MFIs) so as to enhance access of the rural population to sustainable financial services, thereby expanding and improving agricultural productivity as well as growing rural micro and small enterprises (MSEs).
B. Aims and Objectives of Apex Associations of NAMB and ANMFIN:
The Associations are a professional and non-political organizations whose some of the aims and objectives shall include the following:
1. To stimulate innovative and sustainable microfinance practices that guarantees wealth creation and meets stakeholders’ expectations.
2. To advocate for the review of Microfinance Banking policies, where necessary with a view to making positive suggestions toward the effective operations of microfinance banking in Nigeria.
3. To provide a platform for Microfinance practitioners to influence policy direction of government on issues affecting the microfinance banking and Non-Banking MFIs sub sector of the economy.
4. To have a strong representation on the National Microfinance Policy Consultative Committee and the Microfinance Advisory Board.
5. To promote inflow of funds to microfinance banks and Non-Bank MFIs.
6. To assist in capacity building of members by collaboration training and mentoring.
7. To carry out relevant research in the field of Microfinance to assist members.
8. To be an organ for the creation of effective network for Information disseminate among members.
9. To encourage the establishment of a credit bureau to assist practitioners in sharing information.
10. To promote cooperation among member Banks and Non-Banks MFIs at all levels
11. To act as a liaison with members to create visibility on the global microfinance network.
12. To encourage performance reporting standards through the rendering of prompt, accurate returns.
C. Objectives of Institutional Realignment and Business Process Engineering for the National Association of Microfinance Banks NAMB and ANMFIN
One of the key activities of RUFIN is capacity building. Under the Capacity Building for Apex Organization. RUFIN in collaboration with CBN facilitated the formation of MFI Apex organizations in all the 6 geo-political zones of Nigeria. The national MFI Apex organization was established in October 2010. Both Apex Organizations of the National Association of Microfinance banks (NAMB) and Association of Non-Bank Microfinance Institutions of Nigeria (ANMFIN) have already acquired their offices. In addition, the two Apex organizations – the Association of Non-Bank Microfinance Institutions of Nigeria (ANMFIN) and the National Association of Microfinance Banks (NAMB) are being strengthened in the area of capacity building and ICT equipment to enable the two institutions carry out oversight functions on the entire Microfinance Institutions in Nigeria.
D. Justification for the Institutional Risk Assessment:
An efficient and comprehensive Ex-ante institutional and Capacity Assessment of NAMB is a vital tool that will ensure targeted and effective intervention in the Microfinance sector development. The study will define how the association will be relevant to its members and ensure sustainability, one of the effective ways identified for RUFIN sustainability is the empowerment of the apex associations to carry out preliminary self-regulation activities in the microfinance sector to provide useful information to the CBN as the apex regulatory body overseeing the activities of operation.
E. Basic Responsibilities of the Consultant:
1. Conduct an Ex-ante Institutional and Capacity Assessment of the National Association o Microfinance Banks in Nigeria with a view to supporting the sustainability of RUFIN after the programme. This should cover business performance, internal control, operating system, policy environment, governance, product development and ICT and Develop an Institutional Action Plan for the NAMB and ANMFIN
2. Prepare an Institutional Development and Strategic Plan from the outcome of the Institutional Assessment for consideration by the IFAD, RUFIN, NAMB and ANMFIN.
F. Scope of the Assessment
1. Assess the relevance of the vision and mission statements of RUFIN in relation to the activities of the NAMB and ANMFIN.
2. Examine the structure of the organization and the roles of the executive management in the implementation of the activities of NAMB and ANMFIN.
3. Assess the human resource management, policies on training, staff development and remuneration system of NAMB and ANMFIN.
4. Review the policies and procedures (credit and financial), including financial management, accountability and auditing as well as their appropriateness, adequacy and relevance.
G. Skills/Qualification/Experience
1. The consultant should possess a higher degree in related discipline (A master degree in Finance Management, Economics, Banking and Finance, Accounting and related discipline).
2. Have a good working knowledge of finance and accounting in rural microfinance.
3. Have at least 8 years’ experience in training and project analysis.
4. Have a track record of similar job
5. Familiarity with the activities of Apex Associations, including NAMB and ANMFIN and experience in the East Africa Apex Association model.
H. Submission
RUFIN calls on interested qualified Firms/individual consultants, to submit six (6) copies o detailed CV’s to the undersigned not later than 15th April, 2014.
Signed
National Programme Coordinator
FGN/IFAD-Rural Finance Institutions Building Programme
3 Safana Close, Off Zaria Street, Garki 11, Abuja.
