Programs Kampala, Uganda
Consultancy Title: Market Assessment to understand the Asset Finance Product for Agribusinesses in Uganda.
Location(s): In-country – Kampala and Northern Uganda
Duration: 12 billable days
Tentative timeframe for delivery between: March 10th to April 15th 2020
NUTEC Financial Services (NUTEC-FS) is a DFID-funded blended finance facility to enhance the agriculture market system in Northern Uganda. It began implementation in early 2019 and will run until March 2022. To implement the facility, Mercy Corps as the implementing partner of DFID is partnering with Equity Bank Uganda to establish a risk sharing credit fund for lending to agribusinesses that would otherwise be considered ‘too high a risk’ for commercial lending.
The new portfolio of loans aims to adopt innovative risk assessment and management strategies that incentivise financial institutions to adopt reduced borrowing requirements and make lending capital available to a wider segment of the market.
Purpose / Project Description:
After a year of lending, NUTEC FS seeks to evaluate its products offering against the changes in the wider market to understand the performance of its products as well as the influence and added value presented from its current operation to the wider financial services market system in Uganda.
To conduct this activity, the programme will develop a series of market information pieces that are specific to the products introduced under NUTEC FS. The first piece will focus on the asset finance product. This product was adopted by the facility to disrupt the existing products in the market where large sums of immovable collateral requirements and microfinance models often prohibit the ability of farmers to access asset loans.
The Consultant should be able to capture the variety of the asset finance products offered in Uganda vs the variations tested by NU-TEC FS. The story told should be able to capture:
Minimum Knowledge, Skills and Abilities Required:
Agriculture Business Unit Team of the financial institution partner of NUTEC Financial Services.
NUTEC Financial Services Team Leader and Deputy Team Leader