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Call for Proposals
Finance Innovation for Climate Change Fund
Supporting microfinance institutions, agribusiness value chain actors and index based agricultural insurance partnerships to engage in Climate Smart Agriculture
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).
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 or before 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).
For further information, please see www.ficcf.com or Contact: info@ficcf.com
