Objectives of the consultancy assignment
The overall aim of the assignment is to support the establishment of two SACCOs around two selected dairy cooperatives in Southern province. The consultancy team is expected to define the process of SACCO establishment and develop a corresponding support mechanism for the mobilization; capacity building and institutional development of the two institutions. The consultancy team should ensure that sustainability considerations are enshrined in the SACCO business model to guarantee viability of the two SACCOs by the end of the project period. A detailed risk assessment and potential challenges with corresponding solutions of how to address them should be part of the consultant's inception report
Specific objectives of the assignment are:
Design a clear road map and strategy for the establishment of two SACCOs at Monze and Choma Cooperatives
Design and implement a SACCO capacity building program at all levels (Community, management and board levels)
Develop standardized training manuals for capacity building at all levels
Provide financial education to Cooperatives.
Develop a business model and sustainability plan for each SACCO as informed by their respective social, economic and cultural context
Define and develop standard financial procedures including eligibility requirement for membership, savings, loans and shares.
Develop a governance structure that will manage the SACCOs. This includes roles and responsibilities of the board, management and member relations.
Provide comprehensive management training that will increase capacity utilization and skills matrix in the two Cooperative Unions. Topics must include; introduction to SACCOs, SACCO structures and responsibilities, financial statements, financial analysis, financial goals and planning, risk management and lending.