Deadline: 7 May 2020
The United Nations Capital Development Fund (UNCDF) has announced a Call for Proposals for the Digital financial services for the rice value chain in Senegal.
The objective of this call for proposals is to identify new partners such as financial intermediaries, insurance companies, agTechs, FinTechs, InsurTechs, duly registered in Senegal.
Scope of Work
The objective of this call for proposals is to sustainably increase the incomes of rice farmers in the Senegal River Valley (VFS). UNCDF aims to achieve the following objectives:
- Involve actors in the value chain through a digitalization process;
- Increase the use of digital financial services for small-scale rice farmers in the VFS region;
- Improve the speed and security of payments for excess production for rice farmers;
- Raise rice farmers’ awareness of the use of the mobile money platform and provide financial education training, agricultural advisory services;
- Increase access to digital financial services by rice farmers, ensuring the proximity and liquidity of withdrawal points.
Expected Results
Based on specific objectives, UNCDF is looking for a duly registered financial institution in Senegal which would have innovative and inclusive solutions to achieve the following result:
- “Digital savings, credit, microinsurance services, dedicated to farmers and actors in the agricultural value chain are steered or scaled up.”
Applicants must demonstrate that they have developed an innovative digital solution that allows savings, credit or insurance solutions tailored to the needs of rice farmers.
The solutions proposed must contribute to:
- Improve the efficiency and effectiveness of digital savings and the supply of credit demand;
- Increase and improve savings behavior among the rural population;
- Improve access to credit among the last kilometer;
- Increasing use and adoption of savings and credit products along the chain valuable;
- Clear demonstration of a viable sustainable business case for deployment such a solution in rural areas;
Funding Information
The maximum budget for grant and technical assistance will be US $118,000 (one hundred and eighteen thousand US dollars).
Duration
The expected completion date for the project is November 30, 2020.
Eligibility Criteria
- Be duly constituted and registered in accordance with the rules in force in Senegal;
- The candidate must have been operating in Senegal for at least one year;
- The candidate must have audited financial statements for at least the last year;
- Not be in a state of repair or have been subject to bankruptcy, liquidation, legal settlement, safeguard, cessation of activity or any other situation similar resulting from a similar procedure;
- Not appear on the United Nations financial sanctions list, in particular in the fight against the financing of terrorism and against breaches of peace and security international;
- Have fulfilled the obligations relating to the payment of social security contributions or obligations relating to the payment of taxes in accordance with the legal provisions in force in Senegal.
Applicants can apply independently or in a consortium, provided that the consortium was established before this call for tenders.
For more information, visit https://www.uncdf.org/article/5530/rfa-services-financiers-numriques-pour-la-chane-de-valeur-du-riz-au-sngal