Call for Proposals 2012 - AfDB: For Microfinance Capacity Building Fund
Thursday, November 15, 2012
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Closing Date: November 30,2012:
The African Development Bank Group (AfDB) is pleased to
announce the 2nd call for proposals of the Microfinance Capacity Building
Fund (“MCBF”). Award amounts will range from US $200,000 to US $500,000 per
project, depending on the activity, and will be given to approximately 6-8
awardees.
We invite rating and auditing agencies, financial institutions, and network associations from West and Central Africa to apply.
We invite rating and auditing agencies, financial institutions, and network associations from West and Central Africa to apply.
Applicants from the West African Economic Monetary Union
(WAEMU) are eligible to apply for grants that address issues related to rural
financial development. Other countries within the Economic Community of West
African States (ECOWAS) region will be considered on a case by case
basis. WAEMU applicants will be able to deepen rural outreach through
activities such as:
§ Agricultural value chain financing
§ Branchless and e-banking
§ Crop/weather insurance
§ Development of mobile payment systems
§ Diversification of the credit product
range (e.g., leasing, warehouse receipt systems)
Applicants from the Economic and Monetary Union of Central
Africa (CEMAC) region are eligible to apply for grants that address issues
related to transparency. Beneficiaries of the fund will help increase
transparency within the Microfinance Sector. A lack of transparency in the
microfinance industry is a key barrier in terms of the ability of Microfinance
Institutions (MFIs) to raise capital, gain confidence from clients and
therefore grow, expand and deepen their outreach. The Fund seeks to support the
governance of MFIs through:
§ External Audit: Train auditors
to work with financial intermediaries in the microfinance sector; support MFIs
in getting appropriate external audit services; support the design of business
models that allow for services to be provided at a cost MFIs can afford.
§ Accounting and Financial Reporting: Train
MFIs’ accountants as well as external accountants to implement accounting
standards, reporting and financial analysis as per local regulation as well as
microfinance best practices.
§ Supervision: Support capacity
building for supervisory bodies.
Source and More Information:
Categories:
Call For Proposal,
Request For Proposal
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