Expression of Interest for Procurement Of A Firm For Ifc Project On Solutions For Mobile Money Agent Financing In Sub Saharan Africa

Tender Detail

36470273
1271952
The World Bank Group
Expression of Interest for Procurement Of A Firm For Ifc Project On Solutions For Mobile Money Agent Financing In Sub Saharan Africa
ICB
Central Africa
African Union
27-01-2021

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Procurement Of A Firm For Ifc Project On Solutions For Mobile Money Agent Financing In Sub Saharan AfricaThe Assignment Will Be For At Least One 1 Country Selected From The Above List Consultants Should Include Details And Outputs Of Previous Relevant Work And Key Contacts Clients In Each Of The Above Countries Where Applicable Assignment DescriptionMobile Network Operators Mnos Providing Mobile Money Services Rely On Third Party Agent Networks To Create Bridges Between Cash And Electronic Value E Money Mobile Money Agents Allow Mobile Money Users To Cash In And Cash Out They Are Usually Small And Informal Agents Who Must Moth Mobilize And Invest Scarce Capital To Pre Fund Mobile Money Services Earning Them A Commission Agent Networks Are Vital For Mnos To Be Able To Reach Their Customers However These Agent Networks Are Generally Undercapitalized Which Hampers The Growth And Liquidity Of Mobile Money Services They Are Also Illiquid And Are Often Required To Pre Fund Their Tills By Investing Their Scarce And Expensive Resources Leading To A Significant Number Of Foregone Transactions And Agents Abandoning The Business Especially In Less Mature Or Unstable Markets As A Result Of The Role And Structure Of Agent Networks There Is A Persistent Financing Gap And Significant Hurdles Need To Be Overcome To Improve And Scale Offerings For Agents According To Experience And Surveys In Ssa Most Agents Are Unable To Raise Finance To Fill This Financing Gap For Many Of The Same Reasons As Entrepreneurs And Msmes Including Lack Of Financial Records Or Adequate Security Collateral Ifc Has Designed The Project To Help Identify Financing Products For Mobile Money Agents That Are Lower Cost Lower Risk And Scalable The Ifc Project Focuses On An Investment Concept For Mobile Money Agent Financing And Is Designed To Inform Future Opportunities To Finance Other Networks That Utilize Mobile Money E G Retail Merchants Ifc Has Identified A Number Of Gaps In Market Knowledge About The Demand Needs Use Of Capital Credit Risks And Operational Issues For Agent Financing The Project Has Therefore Been Designed To Address These Gaps In Market Knowledge In Order To Inform Recommendations For Targeting Improving And Scaling Financing Methods And Effectively Involve Mnos In Agent Financing By Banks Lenders To This End Ifc Is Seeking A Firm Consultant To Produce I A Demand Analysis And Market Sizing Report Seeking To Understand The Demand For Financing At The Agent Level And Ii An Assessment Of Credit Models Products And Innovations Including From Banks And Mnos Currently Offered Targeting Mobile Money Agents These Activities Will Form The Basis For Designing A Solution Set Involving Mnos To Enhance Eligibility Targeting Risk Based Pricing Security Surety Or Collateral Collections And Recovery This Solution Set Will In Turn Be Used To Design Or Validate Investable Financial Structures That Focus On Both The Incentives And Capabilities Of Mnos And Banks Lenders

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