International Access to Finance Specialist (Individual Consultant)

  Afghanistan Unspecified 122
Date Posted:Feb 28, 2011
Reference:MRRD/AREDP/IC-12-3
Closing Date:Mar 20, 2011
Work Type:Unspecified
Number of Vacancies:1
Gender:Male
Functional Area:Account/Finance
Nationality:International
Salary Range:As per NTA salary scale policy
Years of Experience:50 Years
Contract Duration:Open Ended
Extension Possibility:No
Contract Type:Short Term
Probation Period:1 month
Required Languages:

About Afghanistan Rural Enterprise Development Programme:

The Mission of the Ministry of Rural Rehabilitation and Development (MRRD) is to ensure the social, economic and political welfare of rural society, especially the poor and vulnerable, through the provision of basic services by strengthening local governance and promoting sustainable livelihoods. MRRD accomplishes this mission through donor funded national programs in the areas of governance, infrastructure and economic growth. The newly formed Afghanistan Rural Enterprise Development Programme (AREDP) is aimed at harnessing the potential of the private sector for inclusive economic growth and sustainable job creation in rural Afghanistan over an anticipated 10 year time period. The program aims at building on the social capital gained under the National Solidarity Program (NSP) and transforming it into economic capital. AREDP is to start full operations in January 2010. The initial stages have included a Project Preparation Facility (PPF) which is funded by the World Bank and is facilitating the preparation of the project and implementing the initial activities which include the establishment of functional and programmatic units at the project management office (PMO), in Kabul. The PMO is developing compliance manuals and operational procedures; hiring national and international staff and consultants; purchasing equipment; implementing a Pilot Project Initiative in Parwan Province; conducting training and workshops for skill development and generally building a solid base from which AREDP will grow. Initially the first phases are funded through the World Bank’s IDA facility and bi-lateral donors including DFID and others with a focus on particular regions of the country.

Job Summary:

The International Access to Finance Specialist will finalize development of the components of the program: (a) to deliver and improve access to finance for rural SMEs by establishing the systems and structure of this aspect of AREDP; and (b) to form Savings Groups (SGs) and Village Savings and Loan Associations (VSLAs) and the their linkage to MFIs. Component (a) includes the structuring of the PRG Facility agreement with a Qualified Financial Institution to guide the loan/risk sharing facility for financial institutions (FIs) participating in the program and the delivery of SME lending products by selected FIs. In addition, there is a significant component of the assignment to finalize methodologies and delivery mechanisms to inform and educate SME borrowers how to increase their access to credit through a better understanding of the mechanics of credit, and also to inform clients of available lending products. The IAFC will also establish linkages with the Community Enterprise component of the program.

Skills Required:

Not available

Requires travel to provinces:

No

Skills Description:

Duties & Responsibilities:

• Lead the finalization of the systems, activities, and implementation methodologies and prepare the commencement of program operations for the following program components: Access to Finance Component (B3) and Community Access to Credit including SGs and VLSAs. This includes the development of an operations manual for the Access to Credit.
• Develop support mechanisms for financial institutions that are expanding their range of activity to rural areas.
• Formalize leniency arrangements for banks, financial literacy arrangements with Afghanistan Banks Association and provider.
• Implementation of the Partial Risk Guarantee facility.
• Develop comprehensive lending system for VSLAs; and registration of VSLAs.
• Develop ToRs for training providers for VSLAs.
• Develop and finalize the contracts, agreements, and MOUs with Qualified Financial Institutions, including, but not limited to, detailed implementation arrangements for the services to be provided by the Qualified Financial Institution.
• Analyze the current state of the enabling environment for lending and access to credit for SMEs (primarily a research-based activity), existing obstacles and blockages that need to be removed to improve and enhance opportunities to access credit; and prepare detailed recommendations for action by the Office of the Enabling Environment.
• Maintain the system to identify and update all lending products available in the country.
• Advise on new and creative techniques and interventions to provide credit to underserved communities.
• Contribute positively to all aspects of the overall development of the Program and the start-up of full AREDP operations.
• Contribute to design of new financial product by partner banks.
• Any other duties assigned.

Job Location:

Afghanistan

Qualifications:

KNOWLEDGE/EXPERIENCE, QUALIFICATIONS/SKILLS AND ABILITIES REQUIRED

The successful candidate will be able to work without direct supervision, pay attention to detail and will exhibit personal commitment, drive for results, efficiency, flexibility, respect for diversity, creative thinking and problem solving.

Knowledge/Experience
• At least ten years experience working in economic development programs in the areas of enterprise development, microfinance, or commercial banking;
• Experience in grants administration;
• Experience working in large and complex economic development programs;
• Knowledge and experience in providing presentations and written reports;
• Knowledge and experience in development of Islamic lending products desirable.

Qualifications/Skills
• Master’s degree in development economics, business, banking, finance, or a related field;
• Strong analytical and research skills;
• Proven organizational skills;
• Good computer skills for Microsoft Office tools (Word, Excel, and PowerPoint) and Internet;
• Excellent report writing skills;
• Excellent teamwork skills, including interpersonal and communication skills.
Abilities
• Ability to develop efficient and productive working relationships within a diverse team of national and international staff;
• Ability to multi-task and work under pressure;
• Ability to work independently and also as an effective team member;
• Professionalism in appearance and demeanour;
• Willingness to enhance knowledge through training and personal initiative.

Reporting relationships:
Report to Access to Finance component manager, and to the AREDP Senior Management team.
Period of Assignment:
The assignment is for 12 months and may be extended if required.

AREDP now invites eligible individual consultants to indicate their interest in providing the above mentioned services. Interested consultants must provide information indicating that they are qualified to perform the services (in addition to the educational qualifications, experience of similar assignments and country of work etc. should be incorporated in the CV to be submitted along with expression of interest/application).

Job Keywords:

International Access to Finance Specialist (Individual Consultant)
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