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CALL FOR PROPOSALS
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The Finance Innovation for Climate Change Fund (FICCF) component of
DFID’s (UKAid’s) Strengthening Adaptation and Resilience to Climate Change in
Kenya Plus (StARCK+) is a program managed by a consortium of HTSPE, Matrix
Development Consultants and the International Institute for Sustainable
Development (IISD). FICCF started operations in October 2013, focusing on
facilitating and enhancing initiatives of the private sector in Kenya in the
areas of adaptation and resilience to climate change and sustainable natural
resources management. The purpose of this fund is to complement other DFID
investments by providing innovative finance to private sector agencies for
climate smart investments.
FICCF intends to collaborate with Microfinance institutions and
commercial banks with strong micro finance institution operations in Kenya to
implement a 24 months Climate Smart Agriculture Component. The FICCF Initiative
targets MFIs that can design and develop climate focused sustainable
agribusiness finance products and services targeting small scale farmers and
are able to collaborate and partner with private sector agribusiness value
chain entities engaged in input supply, service provision, storage, processing
and marketing. FICCF encourages applicants to propose innovative ICT solutions
and agro weather advisory services and insurance partnerships. The partnership
can be initiated by any relevant actor but the proposal will have to be
submitted by the MFI on behalf of the partnership. Only one MFI is permitted in
the partnership, but the other categories of the membership can have more than one
member. MFIs eligible to compete for the program are strongly encouraged to
carefully review the CSA design document and its annexes and submit proposals
in accordance with the eligibility criteria annexed.
FICCF is pleased to announce a Call for Proposals, inviting
applications from micro finance institutions operating in Kenya. The
application procedure consists of a two-step process:
1st Step - Submission of concept note to present the
basic elements of the proposal (max. 12 pages). Please download the application
form from the website www.ficcf.com .
Applications must be submitted electronically to info@ficcf.com on orbefore 4th October 2014.
2nd Step - Successful submissions will be short listed
and invited to submit full proposals.
FICCF will organize a workshop to clarify any question from
interested parties.
Interested parties willing to attend the workshop should contact info@ficcf.com for further information on or
before 16th September 2014 and to register participation.
SUPPORT
·
FICCF provides funding support in the form of
repayable grants to micro finance institutions (MFIs) for on-lending to small
scale farmers and private sector actors (such as input suppliers, on-farm
service providers, aggregators and processors) along the value chain for the
selected commodities.
·
MFIs will be required to leverage this fund to
increase the total value of portfolio and some indications are that it should
be in the ratio of 1:3
·
FICCF will provide a technical support grant
up to a maximum of 20% of total support to provide agro-weather advisories and
complementary technical climate smart agriculture services to run in
conjunction with the loan programme.
CRITERIA
·
Lead applicant must be a Micro-Finance
Institution or commercial banks with strong micro finance institution
operations in Kenya.
·
Evidence of a strong Governance structure
·
Strong focus on agriculture investment with an
agricultural strategy.
·
Strong financial capacity demonstrated by
balance sheet, number of borrowers, turnover, etc.
·
Relevance and structure of the proposed
partnership with agribusiness and insurance providers.
·
Appropriateness of the proposed CSA
investments.
COMMODITIES TARGETED BY THE PROPOSED CSA PROGRAMME
Short cycle maize (combined with legume intercrops), Sorghum,
Cassava, Dairy cattle, Poultry (indigenous chicken), Fish (tilapia).
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