CATALYZE MS4G, through grants issued under this RFA, seeks to achieve financing up to $25m by partner banks to businesses engaged in the WASH sector.

Overview

  • Category : Construction Service & Maintenance
  • Posted Date : 11/09/2022
  • Source : Reporter
  • Closing Date : 11/30/2022

Description

REQUEST FOR APPLICATION

 WASH Blended Finance for Program for Financial Institutions 

RFA No: RFA-CATALAYZE-21772-Ethiopia-2022-0037

CATALYZE Project: USAID CATALYZE MS4G is a four-year activity focusing on creating transformative outcomes in the food security and WASH sectors. To achieve these goals, the activity will engage youth, mobilize capital, increase access to finance, and support stakeholders to self-advocate toward policy change which will promote opportunities for the private sector community. The MS4G WASH Blended Finance Program for FIs is intended to contribute to transformational change in the Water Sanitation and Hygiene (WASH) sector by increasing access to finance for MSMEs operating in the sector. The direct result will be loans to WASH sector MSMEs, incentivized by MS4G payments to participating FIs. The expected indirect results include FIs with more specialized experience lending to MSMEs in the WASH sector

Company Information:

Palladium is a global leader in the design, development, and delivery of Positive Impact —the intentional creation of enduring social and economic value. We work with corporations, governments, foundations, investors, communities, and civil society to formulate strategies and implement solutions that generate lasting social, environmental, and financial benefits.

Objective:

CATALYZE MS4G is issuing this RFA for the MS4G blended finance activity to FIs on a pay-for-results basis. MS4G seeks to engage FIs to expand access to finance for MSMEs by providing them with incentives as they extend credit to MSMEs in the WASH sector. This financing may include working capital, capital investment, debt, and any type of structured finance investments This result-based grant is intended to encourage, and drive expanded financing and investments into WASH MSMEs and through this mechanism, FIs get incentive payments based on the amount of finance extended. CATALYZE MS4G strongly encourages and welcomes the facilitation of financing for women-owned enterprises and enterprises located in peri-urban and secondary cities. Through this blended finance mechanism, MS4G expects partner FIs to lend up to USD 25 million to businesses engaged in the WASH sector. It also aims to increase lending to women-owned WASH MSMEs through an increased incentive rate. Banks can form consortium with MFIs to expand the coverage of their services to reach MSMEs. In such instances the roles and contributions of each member of the consortium should be clearly described.

Anticipated Outcomes:

CATALYZE MS4G, through grants issued under this RFA, seeks to achieve financing up to $25m by partner banks to businesses engaged in the WASH sector.

Important notes for interested bidders:

RFA released on November 07, 2022, on CATALYZE website, interested bidders can access the RFA by clicking the link below:

https://catalyze-procurement.com/wp-content/uploads/2022/11/RFA-CATALYZE-217772-Ethiopia-2022-0037-WASH-Blended-Finance.pdf

Attachments can be found by visiting the CATLAYZE procurement website the Current Opportunities – My CMS (catalyze-procurement.com)

  • If potential applicants have any questions, queries, or clarifications, they may forward them to the following email address before the date stated on the cover page of this RFA: EthiopiaMS4G.procurement@thepalladiumgroup.com. Answers will be shared through an amendment to this RFA. 2 / 15 We are kindly inviting the applicants to send their expression of interest in participating in the conference related to this RFA through an email no later than November 14, 2022, @ 5:00PM EAT to: procurement@thepalladiumgroup.com. Late questions will not be accepted and entertained.
  • Virtual/In-person bidders conference: November 15, 2022, from 2:00 PM to 3:00 PM, Nairobi time (UTC +3).
  • Submission: CATALYZE MS4G requires that applications be submitted electronically (e-mailed) to procurement@thepalladiumgroup.com no later than November 30, 2022, @ 5:00PM EAT.
  • Late bid submission will not be considered.
  • Issuance of this RFA does not constitute an award commitment on the part of CATALYZE MS4G, nor does it commit CATALYZE MS4G to pay for any costs incurred in the preparation and submission of an application. Further, CATALYZE MS4G reserves the right to reject any or all applications received. Applications are submitted at the risk of the Applicant, and all preparation and submission costs are at the Applicant’s own expense.

This RFA is also posted on the 2merkato.com business portal website