FinMark would like to better understand the role of cooperative financial institutions (CFIs ) as a viable alternative to the commercial banking sector for accessing financial services for lower income individuals. The findings will be used to help bring focus to and validate a model that is an extremely pertinent and viable model, and very important for sustainable development. In order to achieve this, understandings of the type of people who join CFIs, the type of products and services they use and their success stories is necessary. A study of CFI’s in three countries, South Africa, Malawi and Swaziland will hopefully raise the appetite for participation in the sector which may help position the sector as an important financial services participant in the provision and utilisation of financial services. The findings of the study will provide a benchmark to the regulators with regards to the regulation and development of the CFI sector. And will serve as a guide to the public at large to inform them about the sector and hopefully spark interest in the formation of new CFIs.
Proposals for the project should be submitted by email by close of business on 26 August 2013. It is envisaged that the project will be awarded by 09 September 2013. Consultants should include a proposed timeline for this project as part of their proposal.
Questions or comments in respect of these terms of reference should be directed to:
Contact person: Kim Dancey
E-mail address : kim.dancey@finmark.org.za
Office number: +27 315 9197
In line with FinMark Trust’s policy of transparency, answers to queries from one candidate will be circulated to all who indicated their intention to submit a proposal. For this purpose, please send an email to Kim Dancey by 19 August 2013 to indicate whether you intend to submit a proposal.
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