ONBOARDING FINANCIAL INTERMEDIARIES TO THE RURAL CREDIT GUARANTEE SCHEME (R-CGS

THE NATIONAL TREASURY & ECONOMIC PLANNING TENDER JANUARY 2025 

TO ONBOARD FINANCIAL INTERMEDIARIES TO IMPLEMENT THE RURAL CREDIT GUARANTEE SCHEME (R-CGS) FOR RURAL KENYA FINANCIAL INCLUSION FACILITY (RK-FINFA)

The Government of the Republic of Kenya has received financing from the International Fund for Agricultural Development (IFAD) towards the implementation of the Rural Kenya Financial Inclusion Facility (RK-FINFA) project and intends to apply part of the proceeds under the loan to Onboard Financial Intermediaries to Implement the Rural Credit Guarantee Scheme (R-CGS).

The use of any IFAD financing shall be subject to IFAD’s approval, pursuant to the terms and conditions of the financing agreement, as well as IFAD’s rules, policies and procedures. IFAD and its officials, agents and employees shall be held harmless from and against all suits, proceedings, claims, demands, losses and liability of any kind or nature brought by any party in connection with the Rural Kenya Financial Inclusion Facility (RK-FINFA) project.

RK-FINFA is therefore seeking the services of financial intermediaries to participate in the implementation of the Rural Credit Guarantee Scheme under the framework of the existing Credit Guarantee Scheme (CGS) under The National Treasury.

The shortlisting/ Qualification criteria:

¾        The PFI must demonstrate experience in lending to agribusiness enterprises, including smallholder farmers and rural MSMEs

¾        The PFI must have appropriate products (financial and non-financial) for smallholder farmers and rural MSMEs, women and youth, PwD, and to finance enterprises under the value chain financing model? Provide product features.

¾        The PFI must have a wide geographical outreach in terms of branch network in the target counties

¾        The PFI should have specialized department /unit /division/ function handling lending to agriculture sector

¾        The PFI should able to provide data as required by R-CGS (provide features of the MIS demonstrating this capability).

¾        The PFI should have Previous experience with other guarantee schemes, including CGS

This Request for Expression of Interest follows the General Procurement Notice that appeared on the IFAD website and on UNDB on 1st March, 2023 and on MyGov newspaper on 28th February, 2023.

The National Treasury, Rural Kenya Financial Inclusion Facility (RK-FINFA) project (“the client”) now invites eligible  financial intermediaries to submit their expression of interest in providing the services. Interested financial intermediaries should provide information demonstrating that they have the required qualifications and relevant experience to perform the services. Interested financial intermediaries can download a detailed Request for Expression of Interest Document found at the following links; www.treasury.go.ke  and www.tenders.go.ke  and send it to the address indicated below.

The attention of interested financial intermediaries is drawn to IFAD’s Anti-Money Laundering and Countering the Financing of Terrorism Policy (https://www.ifad.org/en/document-detail/asset/41942012) and the Revised IFAD Policy on Preventing Fraud and Corruption its Activities and Operations (www.ifad.org/anticorruption_ policy). The latter sets forth IFAD’s provisions on prohibited practices. IFAD further strives to ensure a safe working environment free of harassment, including sexual harassment, and free of sexual exploitation and abuse (SEA) in its activities and operations as detailed in its IFAD Policy to Preventing and Responding to Sexual Harassment, Sexual Exploitation and Abuse (https://www.ifad.org/en/document-detail/asset/40738506 ).

The financial intermediaries shall not have any actual, potential or reasonably perceived conflict of interest. A Financial intermediary with an actual, potential or reasonably perceived conflict of interest shall be disqualified unless otherwise explicitly approved by the Fund.

A financial intermediaries will be selected in accordance with the Consultants Qualification Selection Method (CQS) set out in IFAD’ project procurement handbook that can be accessed via the IFAD website at www.ifad. org/project-procurement.

Any request for clarification on this Expression of Interest should be sent via e-mail: procurement@treasury.go.ke  and procurement.rkfinfa@treasury.go.ke  to the address below not later than 31/01/2025 at 5.00 p.m Kenyan Time . The client will provide responses to all clarification requests by 04/02/2025 at 5.00 p.m. Kenyan Time.

Request for Expression of Interest must be delivered in written form using the forms provided for this purpose. Completed Request for Expression of Interest enclosed in a plain sealed envelope clearly marked “Request for Expression of Interest for Implementation of the Credit Guarantee Scheme (CGS) – for the Rural Kenya Financial Inclusion Facility (RK-FINFA)” and addressed to: –

Become Member To see All details. Join us Or Login