Expression of Interest For Provision Of Agricultural Credit And Weather Index Insurance To Smallholder Farmers

Expression of Interest are invited for Provision of Agricultural Credit and Weather Index Insurance to Smallholder Farmers in Somaliland The main objective of this EOI is to identify and shortlist capable service providers who can deliver agricultural finance and weather index insurance solutions tailored to the needs of smallholder farmers (crop & livestock) in Somaliland. The selected service providers will work closely with WFP to design and implement programs that support sustainable agricultural practices, improve rural livelihoods, and provide financial protection against adverse weather conditions. 4. Scope of Work: The consultant/company will be responsible for: a. Agricultural Finance Services: I. Savings Program Design: Develop a comprehensive savings program that addresses the savings needs of smallholder farmers. II. Credit Program Design: Develop a comprehensive agricultural credit program that addresses the financial needs of smallholder farmers. III. Credit Disbursement and Management: Implement mechanisms for effective disbursement, management, and recovery of agricultural loans. IV. Capacity Building: Provide training and capacity-building support to farmers on financial literacy, savings, loan utilization, and repayment. V. Monitoring and Evaluation: Establish systems for ongoing monitoring, evaluation, and reporting of the credit programs performance and impact. b. Weather Index Insurance Services: I. Insurance Product Design: Develop and implement a Weather Index Insurance product that aligns with the climatic and agricultural conditions of Somaliland. II. Data Collection and Analysis: Utilize satellite data and other relevant meteorological data to develop reliable indices that trigger insurance payouts. III. Education and Awareness: Conduct training and awareness campaigns for farmers on the benefits and usage of Weather Index Insurance. IV. Monitoring and Evaluation: Establish mechanisms for ongoing monitoring, evaluation, and reporting of the insurance programs impact and effectiveness. WFP invites eligible suppliers to express their interest in providing the requested services WFP will not consider incomplete or unsigned submissions. All responses and supporting documentation received will be treated as strictly confidential and will not be made available to the public. This request for EOI does not constitute a solicitation. WFP reserves the right to change or cancel this procurement process or any of its requirements at any time during the process; any such action will be communicated to all participants Tender Link : https://somalijobs.com/tenders