The Government of the Republic of Zambia and the International Fund for Agricultural Development (IFAD) have jointly designed and established RUFEP. The overarching goal of the program is to contribute to improved livelihoods of the rural poor through sustainable economic growth. RUFEP intends to meet this goal through support to Strategic Partners such as the Bank of Zambia, Development Bank of Zambia, SaveNet etc., and a matching grant facility that supports three key areas of innovation and outreach:
Community-Based Financial Institutions (CBFIs) Linkage: This window seeks to enable institutions (partners) willing to work with CBFIs to identify their needs and design products appropriately. For banks and non-bank financial institutions, support will go towards developing mutually beneficial processes, products and services so that CBFI members can access a wider range of financial products at a lower cost.
Agency/Mobile Banking: The focus of this window is to enable institutions undertake innovative pilots that can use a wide range of entities (supermarkets, petrol stations, shops and CBFIs, etc). Coupled with the widespread use of mobile phones, the range of options will be widened for low cost rural outreach and avoidance of security risks. One of the main bottlenecks is the limited capacity of financial service providers and micro finance institutions to develop branchless banking platforms by mobilizing, incentivizing and managing an adequate distribution network of retail agencies. This window will support smaller institutions micro finance institutions to overcome this bottleneck while also enabling formal financial service providers to develop products suited to the rural areas.
Rural Finance Equity and Innovation: This window aims to support innovations that improve equity in access and usage of financial services particularly by excluded rural people and groups. The Rural Finance Equity and Innovation window gives preference to innovations that focus on improved participation of rural women and youth as well as products and services that are critical to rural enterprises but have been inappropriately presented or misunderstood. This window is more flexible and opportunistic, responding to demand side opportunities that arise from other windows to improve access or increase the range of services offered. The new services could compliment ongoing ones such as adding savings and or insurance to credit activities. To implement these interventions RUFEP engages partners such as Government Line Ministries, regulators, parastatals, non-governmental organizations, financial service providers and mobile network operators. The program supports capacity development of these partners to improve the operating environment, innovate products, services and delivery mechanisms, as well as their monitoring and evaluation, knowledge management and communication strategies and systems.
About the Job:
The Rural Finance Expansion Programme (RUFEP) invites Zambian and international technical service providers, both individuals and companies, with appropriate skills and experience, to submit an expression of interest to register for inclusion on our technical service provider database.
RUFEP is seeking experienced and qualified technical service providers in the following areas:
Savings group development, linkages to formal financial service providers and savings group project design, implementation and monitoring and evaluation;
Rural finance product development, including agri-finance, credit, savings and micro-insurance;
Digital financial services product development, MIS and software development, programming and project design and implementation;
Agency and network banking development, including IT and software development, business process design and implementation, and public policy development;
Institutional and capacity development for banks, MFIs, NGOs and Government departments, especially related to rural finance;
Microfinance and savings group network development;
Data-led finance and alternative credit scoring methods, particularly for rural communities and savings groups;
Rural finance public policy development;
Research in rural finance and financial inclusion;
Institutionalizing monitoring and evaluation, knowledge management and communication;
Mainstreaming vulnerable populations into rural finance.
How to Apply:
The format of the application should be no more than two A4 pages, using font size 11 and single spacing. Applicants should provide the following information:
Name of Company
Key Contact Name and Details
Area of Expertise
Type of Organization (PLC, partnership, non-profit etc.)
Registration Details (place and date of registration and registration ID)
Contact Details (address, phone, email, etc)
Self-employment registration details
Area of Expertise
All applicants should describe their qualifications and experience, providing details about current or past relevant and similar projects. This should include a brief description of the scope of the projects, the dates of implementation, budget and the funding organization.
Submissions should be sent to [email protected], with the following details clearly stated in subject line; EOI SUBMISSION, [Name of Company/Individual], [Technical Area].
For more information, please visit www.rufep.org.zm or contact the office directly on +260 211 254 613.