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Near East Foundation
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Feasibility Study Advisor / Consultant: Financial Modelling and Structuring

الوصف ومتطلبات الوظيفة

 

Near East Foundation UK

 

About NEF UK

 

Near East Foundation (NEF) UK’s work is based on a conviction that, to play an active role in the development of their communities and countries, people need opportunities and tools: the knowledge to participate in civic and economic life, a voice in public decisions that affect their wellbeing, and a means of making a meaningful living. We call this approach “Knowledge, Voice, and Enterprise”- a philosophy reflected in all of NEF’s work.  Currently, NEF UK has programs in Armenia, Jordan, Lebanon, Morocco, Sudan, and West Bank that focus on microenterprise development, peacebuilding through economic cooperation, natural resource management, and the facilitation of water, hygiene, and sanitation (WASH) best practices.

 

Feasibility Study Advisor / Consultant: Financial Modelling and Structuring (Remote)

 

Consultancy Contract for the Micro –Enterprise Growth project to support vulnerable people in Jordan (Jordanian/Refugees).

 

Feasibility study to explore best financial Modelling (Lending Scheme) to be implemented through Community Based Organizations and Cooperative Societies.

 

Part I – Contract Data

 

Project Title:  Micro-Enterprise Growth Project (Lending Scheme) targeting Refugees and Jordanians (January-April 2019)

Period of Performance:  February-March 2019, 25 days effort

Location of Assignment:  Amman, Jordan, with travel to other governorates

Primary NEF Contact:  Maha Shadid, Near East Foundation

 

Part II – Project Introduction and Objectives

NEF is planning to establish a revolving credit fund to advance the growth of micro-enterprises owned and operated by refugees and vulnerable Jordanians through loans and non-financial services tailored to the conditions of vulnerable entrepreneurs. The fund aims to support 675 loans averaging $1,675 through two NEF centres, strategically located in poor urban communities that host large numbers of displaced people, and that are accessible to displaced people residing elsewhere in Jordan. A minimum of 50% of the beneficiaries will be refugees, 80% will be women and 35% will be youth.

NEF will leverage its resources, networks, and partnerships, and capitalise on its centers to support new businesses and to rapidly establish a revolving credit fund and make it accessible three months after inception to refugee graduate entrepreneurs that meet specific criteria of vulnerability and credit readiness. In two years, the Fund will be either self-sustainable with limited external support or ready to be managed by a third party or a Jordanian subsidiary of the Social Investor.

 

Target Group:

In the short term, all beneficiaries have to be graduates from NEF’s micro-enterprise development programmes (or referrals from similar programmes) aimed at Jordanian and refugee entrepreneurs (80% women), who meet the vulnerability criteria and willingness/capacity tests.

 

The Assignment:

The consultant will conduct a study involving research in more than one geographic area, collecting and analyzing inputs from CBOs, NGOs, and cooperative societies in Amman al Hashmi area, Zarqa, Jerash, Ajloun and Irbid. The assignment will have an implementation time of:  20-25 working days through the period February – March 2019.

 

Please note that NEF will consider applications that do not cover all elements of the ToR; please indicate in your application which deliverables you are able to cover. NEF may choose to procure more than one applicant/consultant to work in conjunction on different aspects of the ToR.

 

The main objective of this assignment is to:

  • Identify and finalise the structure of financial products for the lending scheme: including interest rates, collaterals, value and conditions of loans, qualification criteria, etc.;  
  • Identify and finalise the management and operational structures of financial products and define their relevant legal frameworks;
  • Make recommendations related to the exit/transition and expansion strategies.

 

Main responsibilities:

  • Conduct desk research, client consultation, and market share/competition analysis
  • Develop the profile of key targeted customers;
  • Develop customer preference analysis and customer targeting/selection (including criteria for selection and application process);
  • Develop financial product specifications (including modality, type of loans, interest rates, repayment methods/scope, agreements, etc.). This section of the report should contain a high-level of detail;
  • Develop operational model (including partnerships, financial and operational management structure, loans and repayment methods and roles, loans committees, procurement, legal considerations);
  • Develop project risk profile and risk management plan;
  • Develop roll-out plan (including recommendations for upgrades, updates to non-financial business products, etc.);
  • Develop long-term growth and sustainability plan;
  • Develop financial model, including short-term and long-term financial projections, cash flow, and financial sustainability;
  • Develop a “structuring study and financial modelling” summary report combining all the above elements. The report should be approximately 50 pages in length, with approximately 15 pages dedicated to the financial product specifications.

 

The following resources will be provided to the consultant:

  • Orientation meeting(s);
  • Project concept note;
  • Access to literature on NEF non-financial products;
  • List of CBOs and cooperative societies in the selected geographic areas;
  • NEF Jordan staff including the project Financial Services Officer.

 

It is expected that the consultant will identify other lessons learned from other organizations to inform NEF learning processes.

 

As a means to support learning processes, the consultant will develop a participatory methodology that will involve NEF and partner’s teams, project’s beneficiaries and other key stakeholders.

 

Part III – Roles and Responsibilities

The consultant is expected to spend 10-15 days gathering information, consulting a broad range of stakeholders, and 10-15 days of desk research and final report writing.

 

The consultant will be expected to produce a feasibility study through completing the above-mentioned responsibilities and meeting the objectives of the assignment.

 

Part IV – Milestones and Deliverables

 

The draft of the feasibility study is due by 7 March 2019 the final version of the feasibility study to be submitted by 15 March 2019.

 

The consultant is expected to provide the following deliverables:

  • Outline of the methodology/implementation process for the development of the feasibility study including the initial contacts established with the various stakeholders in the process;
  • Desk Research: review, research and gather the necessary information from project reports and other relevant documents;
  • Presentation of initial findings/recommendations using PowerPoint;
  • A first and final draft of the feasibility study;
  • A final document of the feasibility study (the financial modeling) summarizing the methodology, development and implementation process, challenges and recommendations.

 

The proposed methodology should include the following activities:

 

  • Outline: Produce and submit study outline (methodology and implementation plan) including initial consultation with various stakeholders, CSOs and cooperative societies involved in the process.

 

  • Desk Research: Research, gather and review necessary information from project reports and other relevant documents.

 

  • Field Visits: To geographic areas for consultations with CBOs, cooperative societies, and NGOs.

 

  • Presentation of initial findings: (PowerPoint)

 

  • First draft of the Feasibility Study

 

  • Final Document: Including proposed project methodology, financial product specification, development and implementation process, challenges, and general recommendations.

 

Part V – Technical Direction, Management and Contact Person

 

  • The consultant(s) will work under the guidance of the Program Manager, Near East Foundation Jordan;
  • The project will cover direct costs including fees, local travel for one person as per NEF’s travel policy.

 

Part VI – Requirements

 

The Feasibility Study will be drafted by the consultant, working with members of the project team. The consultant’s skill set should include the following:

 

  • In-depth knowledge, research expertise and relevant experience pertaining to projects such as the one described here, and specifically, related to micro-enterprise growth, economic resilience, investment in productive assets;
  • Experience in designing/developing micro-finance, loan or other financing products;
  • Demonstrated experience leading interviews, focus groups and conducting similar research;
  • Prior experience producing professional reports;
  • Professional fluency in English and Arabic is required.

 

Part VII – Submission

 

Submissions must include:  CV, and Cover Letter including: Technical proposal (including methodology, work-plan, and detailed deliverables / end-products); financial proposal (inclusive of any relevant tax); and three references from similar projects undertaken by the consultant, including email addresses and telephone numbers. 

 

Proposals should be submitted at http://neareast.org/careers/ by 1 February 2019, at 4 p.m. Jordan time. Please limit your cover letter to seven pages or less (not including examples). Links and attachments for examples are sufficient. Questions related to the ToR should be submitted to NEF Procurement at nefprocurement@neareast.org by 12 p.m. Jordan time on 28 January 2019. Should you have any problems submitting your application, please contact NEF Procurement by email.