Central Bank of Nigeria
Invitation for Submission of Expression of Interest for the Establishment of a Data Base for Non-Bank Microfinance Institutions
1. Introduction
Pursuant to its mandate of promoting a sound financial system and providing support for the growth and development of the Nigerian economy, the Central Bank of Nigeria (CBN) in collaboration with the United Nations Development Programme (UNDP), is proposing to establish a database for Non-Bank Microfinance Institutions (MFIs) operating in Nigeria. The database will provide a platform for regular reporting and warehousing of the activities of the institutions.
The institutions include Non-Governmental Organizations (NGO) Cooperative Societies, Self-Help Groups, Trade Associations Credit Unions. They are not formally licensed by CBN to financial intermediation but contribute immensely to making financial services accessible to a large segment of their potentially productive members, particularly those in rural areas.
2. Objectives of the Database
The primary objective of the database is to enable the CBN directly monitor and nurture the institutions to enable them grow and aspire to attain licensing status, thus improving their effectiveness and efficiency.
3. Scope of Work/Responsibility of the Consultant
The Consultant shall be required to:
- Design the database for the required information on all Non-Bank MFIs in the country.
- Validate information already gathered by the CBN and collate other necessary information that could be used to pilot test the database.
- Review the present reporting format used by the MFIs, ascertain its adequacy or otherwise and improve on it, as might be required to capture the needed reporting/information.
4. Requirements/Competencies
Consideration for engagement will take into account the following:
- Microfinance industry background.
- Demonstrated competence, experience and technical expertise in executing such projects.
- Relevant qualification and experience of team members in the use of applicable Information and Communication Technology (ICT) software.
- At least 10-15 years’ experience of the firm in data collection, management and execution of similar development projects, especially in the microfinance sub-sector.
5. Submission of Proposal
- Interested firm of Consultants are invited to submit their Expression of Interest along with the following:
- Profile of staff members that will be involved in the task
- Profile of the consultancy firm
- Description of similar jobs in the past
- Detailed proposal on how to complete the intended assignment including time lines.
The required information and supporting documents should be submitted, not later than 6th September, 2011, to:
The Director,
Development Finance Department
Central Bank of Nigeria
Central Business District
Abuja.
Signed: Management
