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Tender Details
- Country: Ethiopia
- Summary: Provide DFS & Agency Banking Training for Financial Institutions
- ETT Ref No: 78485815
- Deadline: 14 Feb 2023
- Competition: ICB
- Financier: Other Funding Agencies
- Purchaser Ownership: Public
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.:
- Purchaser's Detail :
- Description :
- Request for proposals are invited for Provide DFS & Agency Banking Training for Financial Institutions - Ethiopia. Mercy Corps Ethiopia is seeking a firm to provide DFS training for selected Siinqee Bank, Shabelle Bank and Rays MFI staffs including detailed mobile money agency banking operation. The overall objective is to introduce the financial institutions with the state of art of overall DFS practices and advanced agency banking encourage them to adopt into their institutions. Mercy Corps is a leading global organization powered by the belief that a better world is possible. In disaster, in hardship, in more than 40 countries around the world, we partner to put bold solutions into action — helping people triumph over adversity and build stronger communities from within. Mercy Corps is currently implementing the RAISE -DFS project in the Oromia and Somali Regions of Ethiopia with the goal of increasing incomes and enhancing the resilience of local populations. The project, funded by Jersey Oversea Aid (JOA), works through partnerships with four local financial institutions to expand their digital and sharia compliant financial services to provide affordable and convenient access to suitable savings and credit products. Mercy Corps is seeking support as they engage with three financial institution partners to develop and expand their digital financial services: Siinqee Bank, Shabelle Bank and Rays MFI. Overview of Siinqee Bank Siinqee Bank relicensed to a bank from the Oromia Credit and Savings Share Company (OCSSO) microfinance institution in 2021. It was the first such institution to do so in Ethiopia. Siinqee Bank has subscribed capital of Birr 15 billion and the paid-up capital of Birr 7 billion. The al assets of the bank reached ETB 21.1 billion. Siinqee bank has over 1 million borrowers with an outstanding loan portfolio of ETB 16.6 billion as of June 30, 2022. The Bank-s al deposit balance is ETB 10.27 billion, serving 5.1 million depositors in 406 branches (split into main branches, subbranches, and microfinance service branches). The microfinance customers are, and will remain, concentrated in the Oromia Region, and the bank will extend new banking services throughout the country, focusing first on Addis Ababa. Most of its microfinance customers receive loans through their solidarity groups. Open date: Feb 7, 2023, 1:00pm to Feb 14, 2023, 6:00am
- Documents :
Purchaser : MERCY CORPS
Ethiopia
Email :et-tender-questions@mercycorps.org
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