Search For Jobs offers in Tanzania
Job Title: Credit-Readiness and Loan Packaging Service Development Expert Volunteer
Employer: International Executive Service Corps (IESC)
Location: Location of Assignment: Dar es Salaam, Tanzania, with travel to Mbeya, Iringa, Morogoro, and Zanzibar
Apply by: 20 January 2018
Proposed Level of Effort: 4 weeks (approx.)
Anticipated Start Date: 28 January 2018
Anticipated End Date: 16 February 2018
Assignment Summary: This assignment will finalize the development of a structured “credit-readiness” process for enterprise loan applicants. Please see the assignment objectives section for more information.
The Tanzania Enabling Growth through Investment and Enterprise Program (ENGINE) is a four-year, USAID-funded Feed the Future activity awarded through the Volunteers for Economic Growth Alliance (VEGA), that aims to streamline and enhance many of the regulatory, informational and financial channels that encourage domestic and foreign investment in the southern mainland agricultural regions of Mbeya, Morogoro, and Iringa, and in Zanzibar.
ENGINE works at the district level, using a broad-based approach to engage with district Local Government Authorities (LGAs), private sector associations, business development service providers, financial institutions and small and medium enterprises. The program’s activities are divided into three main components:
Small enterprises in Tanzania often cite a lack of access to finance as a key constraint to the long-term viability and growth of their business. While the reasons for low levels of small enterprise lending among financial institutions is myriad, one significant factor is the inability of business owners to adequately prepare prior to seeking a business loan.
The objective of this assignment is to finalize the development of a structured “credit-readiness” process. This process will be employed by a select group of Tanzanian business advisors to use when assisting small and medium enterprises with planning for a business loan, completing their application and assembling the required documentation.
The volunteer will work with the ENGINE team to develop a stepwise loan application preparation process. Once developed, with standards established for each step, the volunteer will teach the elements of the process to business advisors. By pre-underwriting potential borrowers, this process would also serve as a first line of due-diligence, ensuring accuracy and reasonableness on the part of the business before its profile is shared with financial institutions.
Already, the business advisors have been screened and trained on financial analysis and commercial credit. As a next step, the volunteer will deliver a two-day, hands-on training focusing on working with a client to collect the information necessary to construct financial statements, cash-flow projections and business plans.
This follow-up training should be high interactive, containing case studies and group/individual exercises on financial statement preparation, cashflow projections and business plan development.
The Expert Volunteer will complete the following tasks:
Prior to departure
Upon arrival in Tanzania
Submit a final report summarizing findings, conclusions and recommendations related to the assignment;
Provide exit debriefings to ENGINE leadership and other relevant stakeholders.
Deliverables The Expert Volunteer will submit the following deliverables:
i) To be submitted prior to delivering training:
Development of standards, guidelines and templates that constitute a firm’s credit-readiness for BDS providers to adhere to when offering this service;
ii) To be submitted after concluding training:
Final Trip Report that includes the following sections:
A. Introduction; B. Methodology; C. Findings, Conclusions, and Recommendations; and
Discussion of assignment objectives and how they were met or why they were not met.
Additionally, the Expert Volunteer will provide exit debriefings to the ENGINE staff.
Expert Volunteer Qualifications
The ideal Credit Readiness Service Development Expert Volunteer will have the following skills and qualifications: