The Lao and the German government have set up a revolving fund at the Bank of Lao PDR (BoL) under the name ‘Lao Access to Finance Fund’ (LAFF). The LAFF shall fund loans to be granted by the BoL to eligible partner Financial Institutions (FI) for the purpose of financing sub-loans to poor households and MSME in rural areas. It is intended to strengthen the management of the LAFF by providing consultation to partner FIs and to BoL and to broaden the network of partner FIs.
The requested services of the consultants comprise the delivery of training and capacity building to the partner FIs and to BoL as these form vital components for reaching the overall and specific objectives of the Programme: to contribute to an improved access to finance for poor households and MSME in rural areas (Overall Programme Objective); to support the commercial banking sector in Lao PDR in providing sustainable and needs-based financial services for poor households and MSME in rural areas (Specific Programme Objective).
A first component includes the support for BoL in setting up the core business processes (procedures and written policies, job descriptions, sub loan reports, etc.) for the management of the LAFF. The second component includes staff trainings to align the partner FI's operations with the principles of the LAFF, focusing on the entire credit process cycle from credit appraisal to delinquency management, risk management and internal risk audit.
The prequalification of experienced Consultants is subject to the regulations contained in the ‘Guidelines for Assignment of Consultants in Financial Cooperation with Partner Countries’ (see www.kfw-entwicklungsbank.de). The contract will be awarded to an independent Consultant firm with proven experience in the microfinance sector and the region and a minimum annual
turnover of EUR 1 million. For further information please contact the Tender Agent: exficon GmbH, Frankfurt am Main (email@example.com).