Consultants to Establish a Loan Application Vetting Process for the new Garissa County Revolving Fund

               

Smart Regional Consultants (SRC)

Call for Consultants

Establishment of a Loan Application Vetting Process for the new Garissa County Revolving Fund

1. Program Background

The USAID Kenya Feed the Future Livestock Market Systems (LMS) Leader with Associates (LWA) program is a $45 million, five-year program (2017-2022) implemented in 5 counties of Northern Kenya (Isiolo, Garissa, Marsabit, Wajir and Turkana).

It is focused on strengthening community resilience and overcoming poverty, household hunger and chronic undernutrition through: expanded and viable economic opportunities; improved systems, institutions, governance; and human capital.

The Program comprises of Leader and Associate Awards with the objective to maximize local capacity to plan and manage integrated resilience programming and foster collaboration with other implementers to achieve significant and lasting social change.

The Expanding and Diversifying Viable Economic Opportunities in Northern Kenya Associate Award 1 (AA1) led by ACDI/VOCA with partners Mercy Corps, The BOMA Project, and Smart Regional Consultants (SRC) provides market-based pull by facilitating a more competitive, commercialized livestock value chain for pastoralists that are moving up in the livestock market system and, by creating viable, diversified livelihoods opportunities for those that are moving up or moving out of the sector.

The AA1 design builds vibrant market systems in livestock and other viable industries, enabling households to generate more income within the sector and to diversify into other income sources. By increasing and diversifying income sources, households –with a focus on youth and women– build resilience and create sustained pathways out of poverty.

The three objectives that comprise the pull structure of AA1 are:

1) expanded and diversified viable economic opportunities;

2) strengthened institutions, systems and governance; and

3) collaborative action and learning for market systems change.

Smart Regional Consultants (SRC) is a leading business support and advisory services consulting firm in Kenya with experience working with SME’s and small holder farmers in various agricultural value chains.

SRC has over the years developed on-ground competency by working closely with SME’s using our heavily engaging and client focused consultancy methodology which involves one on one business coaching and mentoring of SME’s, hand-holding the business owner to profitably run the enterprise so that their businesses can compete in larger commercial markets.

SRC provides a pool of qualified consultants in various technical areas to support our client’s growth strategy in order to leave behind a sustainable support platform for the benefit of the client.

SRC, working in USAIDs Feed the Future Livestock Market Systems Activity, seeks a consultant to collaborate with Garissa County officials in Garissa County, Kenya to establish a loan application vetting process for the new Garissa County Revolving Fund, and to train relevant officials on these processes.

2. Assignment Overview

As a part of its work with Garissa county in the ASALs, AA1 has supported the Garissa county government to establish a revolving, Shariah-compliant fund that lends to enterprises led by youth, women, and people with disabilities, based in Garissa county.

The county budget allocation for the fund was approved in early 2019, and since this time, Garissa county has hired a new Fund Manager that will manage and monitor the loans under this fund.

Specifically, and upon request from Garissa county officials, AA1’s support thus far has been to lead a training on public financial management provided by an expert from Smart Regional Consultants for 51 people (42 from the subcounty levels, 9 executive board committee members). This training was provided in July 2019.

As AA1’s collaboration with Garissa county on their revolving fund, the Fund Manager and other Garissa county officials have identified a need for additional support in establishing and implementing a vetting process for the Garissa fund loan applications.

As of September 2019, the county has already received 1,600+ applications, and is at a stage to begin reviewing, vetting, and ultimately selecting successful applicants for loans.

3. Purpose of Assignment

The purpose of this assignment is to:

i. Understand the existing Garissa county organizational structure related to the Garissa County Revolving Fund in order to understand existing roles and responsibilities of those involved with the Fund;

ii. Advise the Garissa county government Fund officials on creating processes and procedures for accepting, screening, vetting, selecting, and approving applications for loans, product development, credit, collection, monitoring and audit; and

iii. Train relevant Garissa county officials on the newly created processes and procedures, and process of costing the fund and products so that they can implement them with limited or no support and make the Fund operational.

4. Deliverables

The deliverables under this assignment will be:

i. Assignment work plan and training plan developed in collaboration with Garissa County Fund officials, and LMS staff.

ii. Final manuals and process and procedure documents for Garissa County Revolving Fund policies and loan accepting, screening, vetting, selecting, and approving applications procedures, approved by AA1 and the relevant Garissa County Revolving Fund authority

iii. Copy of training materials (slide deck, documents and hand-outs, etc.) from training to Garissa county officials on the Fund policies and loan vetting procedures

iv. Brief report from the hired consultant on any additional identified needs and recommended next steps for furthering the development of the Garissa County Revolving Fund.

v. Brief of the proposed business incubation centers to be established by the county government, detailing government’s commitment and timeframes in establishing the same.

5. Timeframe

It is imperative that this work begin as soon as possible to maintain momentum with the Garissa County Revolving Fund’s loan application and approval processes.

The below timeframe is estimated based on current understanding of needs. Per Deliverable #1 (written in section 4), the consultant will establish a work plan and training plan in collaboration with Garissa County officials that will set out deadlines for this assignment.

Please see current estimated timeframes for this assignment below:

Deliverable and Deadline

1. Work plan and training plan developed in collaboration with Garissa County Fund officials

Deadline: Within 5 working days of assignment start

2. Final manual/document of Garissa County Fund policies and loan vetting procedures, approved by AA1 and the relevant Garissa County Fund authority

Deadline: Within 4 weeks of assignment start (estimated)

3. Copy of training materials (slide deck, documents and hand-outs, etc.) from training to Garissa county officials on the Fund policies and loan vetting procedures

Deadline: Within 5 weeks of assignment start (estimated)

4. Brief report from the hired consultant or firm on any additional identified needs and recommended next steps for furthering the development of the Garissa County Fund.

Deadline: Within 6 weeks of assignment start (estimated)

5. Brief report of the proposed business incubation centers, detailing government’s commitment and timeframes in establishing the same.

Deadline: Within 6 weeks of assignment start (estimated)

Qualifications

Position: Short Term Technical Assistants (STTA)

Location: Nairobi County with travel to Garissa County

Program: USAID Livestock Market Systems Activity (LMS)

Recruiting Organisation: Smart Regional Consultants (SRC)

Area of Expertise / Labor Category Title

  • Processes and procedures / Standard Operating Procedures Specialist (1 Pax)
  • Fund Management Specialist (1 Pax)

Minimum Education / Experience Required

Master’s degree + 3 years experience

OR

2 years’ experience and CPA/ACCA/CFA qualification.

1. Qualifications in Finance, Commerce, Economics, Business or equivalent education.

2. Has experience in business process reengineering. Or

3. Has investment banking/credit risk management, experience or

Functional Description

  • Development of process and procedure documents for accepting, screening, vetting, selecting and approving applications for loans for the county government
  • Development of manuals to give rationale for the process and procedures
  • Diagnostic reviews with relevant departments to understand processes and procedures
  • Development of monitoring procedures and milestones for awarded SMEs by identifying key measures for driving business profitability and create structures for capturing data for monitoring purposes.
  • Training of county officials on the newly created processes and procedures
  • Diagnostic reviews with relevant departments to develop a brief of the proposed business incubation centers to be established by the county government, detailing government’s commitment and timeframes in establishing the same.

How to Apply:

Submit a resume to recruitment@srctech.co.ke.

In the subject line, please indicate the area of expertise applied for.

Applications must be sent no later than October 15th, 2019.

SRC will shortlisting CV’s per area of expertise and only those candidates shortlisted will be contacted.

For more information on SRC, please visit the website http://www.srctech.co.ke/

SRC is an equal opportunity employer.



Job Summary:
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Nairobi

Nairobi, Kenya
N/A

Nairobi County

Kenya
Accounting and Finance, Business Administration, Economics and Statistics, NGO and UN
Updated: October 12, 2019 — 9:34 am