UNDP Jobs - 38254- International Consultant;Training of Banks and Mon

International Consultant;Training of Banks and Money Lenders on Lending Mechanisms for Small and Medium Entreprenuers(SMES).

Location :

Maseru, LESOTHO

Type of Contract :

Individual Contract

Starting Date :

01-Aug-2013

Application Deadline :

28-Jun-13 (Midnight New York, USA)

Post Level :

International Consultant

Duration of Initial Contract :

10 days

Languages Required :

English

Expected Duration of Assignment :

10 days

UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence. UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.

Background

UNCDF is the UN’s capital investment agency for the world’s 48 least developed countries. It creates new opportunities for poor people and their communities by increasing access to microfinance and investment capital. UNCDF focuses on Africa and the poorest countries of Asia, with a special commitment to countries emerging from conflict or crisis. It provides seed capital – grants and loans – and technical support to help microfinance institutions reach more poor households and small businesses, and local governments finance the capital investments – water systems, feeder roads, schools, irrigation schemes – that will improve poor peoples’ lives. UNCDF programs help to empower women, and are designed to catalyze larger capital flows from the private sector, national governments and development partners, for maximum impact toward the Millennium Development Goals.

In Lesotho UNCDF and UNDP are supporting the Government of Lesotho to promote inclusive finance as one of the strategies to contribute towards poverty eradication.

There is evidence in the world that successful lending to SMEs requires the banks to offer a wide range of credit and non credit products.

SUFIL plans to expose the commercial banks through training them on SME lending best practises with the overall objective that banks will increase lending to SMEs given the growing demand for bank loans by the SMEs in Lesotho. SUFIL plans to hire a consultant to deliver a comprehensive training on SME lending. The SME lending training will be targeted to bank and NBFIs ( money lenders) staff

Duties and Responsibilities

Research:

Conduct stakeholder interviews and other research to gather relevant information on the local market based on which contextualize training materials to Lesotho

Training credit/ loan officers of Financial Institutions on SME lending technology to cover the following areas:

Finding customers:

Marketing, customer screening, application processing, file building.

Underwriting and closing:

Credit analysis, financial statement analysis, cash flow analysis, breakeven, debt service, ratio analysis, collateral analysis, loan structuring, loan documentation.

Loan servicing:

Portfolio management, monitoring, nonperforming loans.

Customer service:

Integrating customer service into the loan process.

Competencies

Functional Competencies:

Technical:

Extensive experience in lending to SMEs and technical assistance experience;
Comprehensive knowledge of the Financial Education best practices;
Experience at the country wide sector level/understanding of building inclusive financial sectors, preferably in Africa.

Managerial:

Ability to work in a multicultural setting;
Ability to work in and lead a team;
Excellent report writing and communication skills;
Demonstrated ability to work effectively in international development finance projects.

Required Skills and Experience

Education:

Masters degree in Economic Sciences,Finances,Banking,MBA,Development Studies or related fields.

Experience:

At least 7-10 years of relevant international experience in implementing innovative SME lending operations;
Banking and microfinance experience in SME lending;
Experience in training in Loan Officers and middle management.

Language Requirement:

Demonstrated ability to write and communicate in English.

Application Process

Interested individual consultants are required to submit technical and financial proposal and updated CVs (This should highlight past experiences in similar projects/assignments and indicating at least 3 references) by 28 June 2013.

Applications are to emailed to registry@undp.org.ls or hand delivered to the Resident Representative, UNDP Lesotho CO, 3rd Floor UN House, United Nations Road, Maseru, Lesotho. Alternatively use the following website: http://jobs.undp.org/ to upload a copy of Curriculum Vitae, P11 form, technical proposal and financial proposal. Regrettably, only short-listed candidates can be notified.

Detailed TOR’s can be accessed from http://jobs.undp.org.ls/.

FC:04000