FINANCIAL PRODUCTS DEVELOPMENT CONSULTANT FOR IDB & HRC - Short Term Consultancy

Job Description

DELIVERABLES

The following deliverables are required for each of the two banks:

FIRST PHASE:

• Financial products design including full financial projections for the products until breakeven.

• New/developed products manuals and procedures including risk analysis.

• Training workshop for bank’s staff on the new (or enhanced) products.

• Products marketing and roll-out strategy.

• A Tool Kit for monitoring, and evaluating the results of the new products.

• Field mission report including all of the conducted activities; an assessment of the management and staff receptivity to interventions; copies of all documents developed; and a comprehensive report of all findings, conclusions and recommendations going forward for both banks.

SECOND PHASE:

• Updated product manual for the new (or enhanced) products.

• Set of marketing materials and roll-out tools for the new products.

• A monitoring and evaluation plan/system for the new products including KPIs, forecasted results, methods and frequency of measurement, people or positions responsible, and the process in making institutional adjustments to the guidelines and product itself.

• A Final Report on second phase activities including all of the conducted activities including the roll out process; an assessment of the level of interest and capability of the management and staff associated with the new (or enhanced) products; copies of all documents developed; and a record of all findings, conclusions and recommendations going forward for both banks.

At the end of both phases, the consultant is expected to submit a full report on his/her findings, conclusions, and recommendations. This report will be presented in a Power Point presentation (PPP) to the senior management of SEED and USAID.

About the Organization

USAID’s Strengthening Entrepreneurship and Enterprise Development (SEED) in Egypt project is part of the United States – Government of Egypt Trade and Investment Promotion in Egypt (TIPE) Bilateral Agreement. This Agreement focuses on strengthening the development of micro, small and medium enterprises (MSMEs) and entrepreneurship. More specifically, the purpose of the SEED contract is to increase employment and income of MSMEs and entrepreneurs, especially those owned by women and youth in disadvantaged areas, by: (1) stimulating entrepreneurship and innovation; (2) enhancing formalization of private enterprises; (3) improving financial and non-financial services to MSMEs; (4) integrating MSMEs and entrepreneurs in progressive value chains; and (5) addressing enabling environment policy reform initiatives to facilitate MSME development that is aligned to the Government of Egypt’s (GOE) socio-economic development strategy.

SEED provides technical assistance, capacity building, and training to relevant stakeholders and counterparts in order to support the growth of MSMEs and promote entrepreneurship in Egypt. Stakeholders and counterparts include public sector reform champions, universities, BDS providers, mentors, business associations, investors, financial institutions, public organizations, MSMEs, and entrepreneurs. SEED will collaborate with other development partners (donors) and other USAID contractors to take full advantage of synergistic opportunities in achieving results. Special focus will be given to disadvantaged areas and population groups such as women and youth. Youth is defined for the purpose of this activity as individuals who are between ages of 15 and 29 years old.

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