EXPRESSION OF INTEREST (EOI) FOR A CONSULTING FIRM TO PROVIDE TECHNICAL SUPPORT TO SACCOs
The Renewable Energy Fund (REF) project was approved by the World Bank Board in June 2017. The objective of the REF project is to increase electricity access in Rwanda through off-grid technologies and facilitate private sector participation in renewable off-grid electrification. The REF project will be administered by the Project Implementation Unit (PIU) at the Development Bank of Rwanda (BRD) and will provide access to local currency financing through three financing windows:
Window 1 – On lending through SACCOs to households and micro-enterprises for purchasing Tier 1 and above solar systems;
Window 2 – On-lending through banks (commercial and microfinance) to households and small and medium enterprises (SMEs); and
Window 3 – Direct financing of mini-grid developers.
SACCOs are expected to play a critically important role in stimulating the development of the off-grid sector. However, SACCOs have little experience in issuing loans for solar products due to lack of understanding of the solar market and technologies, as well as long-term finance constraints. SACCOs do not currently have technical expertise to work with solar suppliers to create solar lending programs on a large scale. The REF project was launched with only 20 SACCOs prequalified to access funding through Window 1, but considering the growing demand for solar home systems in rural areas, it is anticipated that additional SACCOs will be prequalified to participate in the project.
SACCOs will enter into Service Level Agreements (SLAs) with one or multiple solar suppliers to coordinate their energy lending, disbursement, and customer service processes. The World Bank will appraise and prequalify eligible solar suppliers to participate in the REF project to install, provide warranty and after sales service of solar products meeting Lighting Global Quality Standards and offering Tier 1 and above access level.
Considering the above, BRD is seeking to engage an experienced consulting firm to provide Technical Assistance (TA) to SACCOs which have been prequalified to participate under Window 1 only.
The objective of this TA support is to build capacity of SACCOs to deliver a large-scale program of solar lending to households and microenterprises. Specifically, the TA will develop a standardized capacity building program on solar lending, portfolio and risk management, monitoring, evaluation, and reporting framework, and then roll out the program to approximately one hundred (100) SACCOs.
3. Scope of services
The consulting services will include, but not be limited to the following scope of services:
- Prepare standardized training and capacity building for participating SACCOs, covering technology, supplier selection and negotiation, supplier and client management, solar loans underwriting and risk analysis, portfolio management and monitoring and governance.
- Roll out of standardized capacity building program for solar lending to SACCOs, delivering training modules to participating SACCOs, supporting SACCOs execute SLAs with solar suppliers, and providing ongoing support for effective implementation of solar lending program.
- Develop monitoring and evaluation framework for solar lending programs.
The estimated level of effort may be about 140 (one hundred and forty) staff-weeks of international and national staff.
4. Shortlisting criteria
Demonstration of at least three similar assignments proven by reference letters of successful completion indicating nature, type, and scope executed in the past five years (2017, 2016, 2015, 2014, 2013) in the following areas:
- Designing and delivering large scale capacity building programs for Microfinance Institutions
- (MFIs) or village level savings organizations
- Designing vendor financing programs and implementation thereof between financial institutions and suppliers including planning and roll out of, vendor agreements, SLAs, warranty and pricing development, supplier screening, supplier monitoring, shared process design, metrics and dispute resolution; and
- Engaging with all tiers of the market from government to consumer, banks and commerce to explain solar system financing, create buy in, design programs, plan, select delivery channels and partners and measure results.
In providing evidence of the similar assignments executed, the firm must indicate the scope of services executed, and value of the consultancy services, status of the assignment, and details of the client including client’s full name, physical address, telephone contacts, and email address, and written consent authorizing BRD to request feedback from the listed clients.
- Availability of appropriate skills/expertise among the consulting firm’s staff including expertise in: project management; solar energy lending or vendor financing; capacity building of MFI/SACCO; underwriting in MFI/SME sector; institutional and organizational development; off-grid solar sector; SLA development and implementation.
- Experience of at least one (1) assignment in Sub Saharan Africa or other regions with similar stage of economic development.
The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank’s Guidelines: Selection and Employment of Consultants under IBRD Loans and IDA Credits & Grants by World Bank Borrowers January 2011 revised July 2014 (“Consultant Guidelines”), setting forth the World Bank’s policy on conflict of interest.
- Consultants may associate with other firms in the form of a joint venture or a sub-consultancy to enhance their qualifications. The type of association whether a joint venture or a sub consultancy should be clearly indicated in the Expression of interest.
- A Consultant will be selected in accordance with the Quality and Cost Based Selection Method set out in the Consultant Guidelines.
Interested consulting firms are invited to address their expression of interest with the following information
- Certificate of company incorporation
- Contact Address like (Telephone Number, Fax Number, e-mail address)
- Certificate of Incorporation of the JV member (for each member) if any – association with local training institutions in similar fields is encouraged.
- Relevant experience of the firm;
- Ownership & governance structure of the firm
- Technical and managerial capability of the firm evidenced by project references of previous similar assignments;
- Provide at least three certificates of good completion as proof;
- Please download the template from www.brd.rw/procurement/template.docx and fill it for submission.
- Expression of interest shall be submitted to the Chief Executive Officer through e-mail to the following address: https://www.brd.rw/brd/procurement not later than 23/03/2018 at 3:00pm.
For any clarification, please address it to the Chief Executive Officer of the Development Bank of Rwanda at Brd@brd.rw, firstname.lastname@example.org and email@example.com.
Chief Investment Officer Chief Executive Officer
REQUEST FOR EXPRESSION OF INTEREST (EOI) FOR A SENIOR FINANCIAL ADVISOR OF RENEWABLE ENERGY FUND PROJECT
The Government of Rwanda under Renewable Energy Fund (REF) Project funded by the World Bank (WB) would like to increase electricity access in Rwanda through off-grid technologies and facilitate private sector participation in renewable off-grid electrification. The final project beneficiaries are Rwandese households and businesses, which will gain access to off-grid electricity services through solar systems or mini-grids and whose use of electricity will replace consumption of diesel, kerosene, and dry cell batteries as well as other alternative fuels. The direct project beneficiaries include participating SACCOs and banks (commercial, microfinance), and mini-grid developers. The project will be administered by the Project Implementing Unit (PIU) at the Development Bank of Rwanda (BRD) and will provide access to local currency financing through three financing windows described below.
- Window 1 – On-lending through SACCOs to households and micro-enterprises: This window will provide a wholesale line of credit to BRD for on lending to SACCOs that comply with established eligibility criteria. SACCOs will on lend the funds to eligible households and micro enterprises for purchasing Tier 1 and above solar systems.
- Window 2 – On-lending through banks (commercial and microfinance) to households and small and medium enterprises (SMEs): This window will provide a wholesale line of credit to BRD for on lending to eligible commercial and microfinance banks, which will then extend sub-loans to households and SMEs for the purchase (and possibly, in the case of SMEs, distribution) of solar systems of Tier 1 and above access level.
- Window 3 – Direct financing of mini-grid developers: This window will provide direct financing to eligible mini-grid developers to finance up to 70 percent of the construction of renewable energy based mini-grid systems.
BRD seeks to engage a Senior Financial Advisor from well-established and experienced individual consultant. The key assignment will entail to advise and assist the PIU of the REF project.
- Main purpose
The objective of this Advisory is to guide the PIU of the REF project in successfully rolling out project implementation activities and scale up initiatives across the three financing windows to enhance increased access to electricity using stand-alone solar systems and renewable energy-based minigrids. The Advisor will not only guide, but also strengthen the overall institutional capacity of the PIU during project implementation, ensuring that project objectives are met within set timelines in accordance with the project’s M&E framework.
- Scope of the assignment and tasks
- Provide relevant assistance to the PIU in all aspects of project management to ensure the effective implementation of all financing windows under the project;
- Advise the PIU with engagement and relationship management with MINECOFIN, MININFRA, REG and World Bank, as well as project beneficiaries (e.g., SACCOs, banks, OSCs, mini-grid developers), development partners, and other relevant stakeholders;
- Provide technical advice to review tranche finance proposals and advise eligible beneficiaries to continuously adhere to the eligibility criteria, financing terms and conditions of borrowing;
- Support the execution and supervision of Subsidiary Finance Agreements signed between BRD and eligible beneficiaries for tranche-based and back-to-back financing;
- Support the creditworthiness assessment of mini-grid developers and technical/financial appraisal of mini-grid projects, as well as execute and supervise sub-loan agreements for eligible projects;
- Support the eligibility re-appraisal of project beneficiaries, including SACCOs, banks, mini-grid developers;
- Assist with the delivery of workshops and presentations aimed at informing potential beneficiaries and other stakeholders about the project’s terms and conditions of finance and eligibility criteria;
- Assist with the preparation and delivery of learning events aimed at sharing experiences among participating project beneficiaries;
- Conduct field visits to offices of participating entities and hold consultative discussions on terms and conditions of subsidiary financing to ensure approved tranche is used strictly following guidelines in the Operations Manual to avoid any ineligible expenditure;
- In collaboration with REF Project Manager, PIU, support the World Bank supervision missions by providing all required documentations in respect to project implementation progress;
- Advise and assist in drafting project implementation progress reports and ad-hoc briefing notes to MININFRA, MINECOFIN, World Bank, or other stakeholders;
- Advise and assist in preparation of terms of reference for consultancy work planned under the project, supporting the review process with the World Bank and addressing any comments in the draft documents in order to receive no-objection;
- Review and provide quality assurance of quarterly unaudited interim financial reports (IFRs) before their submission to the World Bank;
- Advise and assist with the preparation and monitoring implementation of the annual work plan;
- Brief the Steering Committee on project implementation progress, challenges and opportunities;
- Provide induction training to all project staff on project management life cycle, as well as knowledge transfer along the implementation process;
- Advise and assist in the design of tools for appraising loan applications, as well as tools for monitoring and reporting on progress made toward achieving project objectives;
- Assist with supervision of the various consulting services to the REF.
- Qualifications of the Senior Financial Advisor
- A Master’s degree in project management, economics, business administration, accounting, finance, or related discipline;
- At least 10 years of relevant professional experience in financial sector services, with at least 3 years of professional experience in project finance and project management positions;
- Experience of working on projects related with lending to off-grid solar and mini-grids will be an added advantage;
- Experience of working on projects funded by World Bank or other development partners will be an added advantage;
- A track record of negotiation and underwriting skills;
- Exceptional communication, writing and analytical skills;
- Good organizational skills including attention to detail and multi-tasking skills; Strong working knowledge of Microsoft Office (Excel, Power point, Word, etc.); • Proficiency in written and spoken English.
Interested consultants are invited to collect the full Terms of Reference for this consultancy assignment and address their expression of interest with the following information:
- Consultant information details
- Project references of similar assignment;
- Relevant experience of the consultant;
- Technical and managerial capability of the consultant;
- Project references of similar assignment;
- Provide at least three certificates of good completion as proof.
Please download the template from www.brd.rw/procurement/template.docx and fill it for submission.
Expression of interest shall be submitted to the Chief Executive Officer, Development Bank of Rwanda through e-mail to the following address: https://www.brd.rw/brd/procurement not later than 23/03/2018 at 3:00pm.
CALL FOR EXPRESSION OF INTEREST
FROM OFF-GRID SOLAR COMPANIES
The Development Bank of Rwanda (BRD Ltd) would like to invite all locally registered Off-grid solar companies to express interest in participating in the recently-launched US$ 48.94 million Renewable Energy Fund (REF) project, which is funded by the Government of Rwanda with the support from the World Bank.
Access to finance will be provided through qualified SACCOs which will onlend to their clients for the purchase of quality certified solar systems. SACCOs will partner with competent off-grid solar companies for the procurement, installation, maintenance, and after sales service of quality certified solar systems. SACCOs will only be allowed to enter into long-term supply and service agreements with qualified off-grid solar companies that meet eligibility criteria (see full details on BRD website: BRD Announcements).
Interested off-grid solar companies that wish to be considered for participation will be required to confirm that they agree to allow the BRD and World Bank’s representatives access (on a need-to-know basis) to privileged and confidential information necessary to appraise whether the company meets the eligibility criteria.
Interested off-grid solar companies are invited to address their expression of interest to the Chief Executive Officer, Development Bank of Rwanda at firstname.lastname@example.org, email@example.com, firstname.lastname@example.org no later than 2nd February 2018.
Pre-selected companies will be informed about the scheduled timing for the appraisal and the information they need to submit before the start of the appraisal.
Done in Kigali the 17th January 2018
Dr. Livingstone BYAMUNGU Eric RUTABANA
Chief Investment Officer Chief Executive Officer
Renewable Energy Fund
Eligibility Criteria for Off-grid Solar Companies
Off-grid solar companies interested to participate in the Renewable Energy Fund (REF) project will be required to comply with the eligibility criteria described here and to continue to meet the eligibility criteria at all times while participating in the project. Compliance will be reviewed annually. The eligibility criteria include:
- Quality standards – proof that the pico or solar home system sold by the company meet Lighting Global Quality Standards or equivalent national quality standards, if those are acceptable to the World Bank subject to regular independent verifications to ensure alignment with the International Electrotechnical Commission (IEC) Technical Specifications.
- Commitment to quality and customer service – evidenced by an active customer service activity with metrics and staff to support service and returns. Clear knowledge of the current and historic issues faced in customer service and the level of returns will be required.
- Operational record – the company should have been operational in Rwanda or Sub-Saharan Africa for at least two (2) years.
- Installed base – an installed base of more than 500 pico or solar home systems which have been in place for at least 6 months and for which performance, customer service and returns information is available.
- Appropriate distribution and coverage – appropriate distribution and coverage through branches, agents and franchises for supporting SACCOs in a region or nationally both for distribution, customer support and repossessions.
- Adequate profitability – as a trading company to be profitable in two (2) of the last three (3) years, with an adequate explanation for any loss. If a PAYGO company, then a credible and robust plan to reach profitability or to be fully funded for the period of any service level agreement.
- Financial statements – must have audited financial statements for the immediate past two (2) years plus adequate accounting and management information, enabling financial reporting, cash planning, capital and loan structuring, tracking of key sales and customer support metrics.
- Adequate funded – to have access to funds to support the purchase of stock volumes necessary to meet their commitments under any service level agreement.
- Capacity to enter Service Level Agreement – covering shared sales processes, timely delivery, staggered payment, after sales support, repossession, problem resolution and reporting.
- Good governance – companies to provide a declaration form under their letter heads stating compliance with World Bank fiduciary requirements; and demonstrate good governance with “fit and proper” owners with adequate organization and institutional capacity.
Renewable Energy Fund
Appraisal Process for Off-grid Solar Companies
Off-grid solar companies interested to participate in the Renewable Energy Fund (REF) project will be obliged to comply with an established eligibility criteria. The REF project will be implemented by the Development Bank of Rwanda (BRD) with support from the World Bank.
An off-grid solar company that wishes to be considered for participation will be required to confirm that it agrees to allow the BRD and World Bank’s representatives access (on a need-to-know basis) to privileged and confidential information necessary to appraise whether the company meets and/or continues to meet the eligibility criteria. This includes access to: (i) the full scope external audit report; (ii) sharing of internal management information on sales, service and operations.
Once the appraisal starts, a company should provide all necessary information for the BRD and World Bank to appraise whether it meets the eligibility criteria. This should normally include:
- External audit of the company as of end-of-last year if available.
- Un-audited financial statements, as late as they are available. These should specifically include balance sheet, income statement, and cash statements.
- Copy of business plans for future growth.
- A copy of the company’s trading license and the names of its significant owners holding more than 5% of the shares, including summary information on each significant owner. If the company is part of an international group an ownership structure with shareholdings should be provided.
- Organizational chart and names of all senior managers.
- A summary description with supporting statistics of the sales and after sales strategy for up to the last 3 years including sales territories, warranty policy, handling of returns.
- Details of all loans in place or paid within the last 3 (three) years.
- Description of the management accounting function or the process for collecting information about sales performance and after sales support.
The process aims to confirm that the off-grid solar company meets the eligibility criteria. The assessment normally takes half a day and includes the following steps:
- Opening meeting with senior management to discuss current strategy, experience of partnership with financial institutions and funding.
- Individual meetings with the heads of the key departments, including:
(i) Accounting Department – discussion of financial and management accounts including cash planning and loans.
(ii) Sales and Customer Service to discuss products, distribution, pricing, customer support, warranties.
(iii) Logistics and Warehousing to look at order process from manufacturers, returns, repairs.
- Meeting with senior management and relevant staff to introduce the proposed service level agreement and to discuss the implications for the company and its ability to meet them.
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ANNOUNCEMENT TO STUDENTS ON GOVERNMENT OF RWANDA STUDENT LOAN SCHEME
The Development Bank of Rwanda (BRD) hereby informs all students on the Loan Scheme that in compliance with the provisions of Law No 44/2015 of 14/09/2015 governing student loans and bursaries, all new students that have been granted a student loan for academic year 2017/18 are called upon to register and fill in the details of the student contract in the MIS accessible from www.brd.rw (Student loan). The guidelines on how to register and fill the one page contract details are contained in the MIS.
Click below for documents details
Deadline for registering in the MIS/Student loan: Students shall complete the registration process in the Student loan on www.brd.rw (including downloading, filling in details of the contract, and uploading the signed contract) not later than 08th October 2017
REQUEST TO ALL STUDENTS ABROAD
ALL STUDENTS ABROAD ON THE GOVERNMENT OF RWANDA STUDENT LOAN AND BURSARY SCHEME ARE HEREBY REQUESTED TO FILL AND SIGN THE ATTACHED CONTRACT. SUBMISSION OF THE SIGNED CONTRACT SHOULD BE DONE THROUGH email@example.com or firstname.lastname@example.org
Find below the form for student contract and referee
Request to employers to comply with the law nº 44/2015 of 14/09/2015 governing the student loans and bursaries
Request to employers to comply with the law nº 44/2015 of 14/09/2015 governing the student loans and bursaries
Pursuant to the provisions of the law nº 44/2015 of 14/09/2015 governing the student loans and bursaries, employers having staff who benefited from the student loans scheme have a duty to inform the Development Bank of Rwanda (BRD), a financial institution that has been mandated by the Government to manage the student loan scheme, in writing about their staff who benefited from student loans. The announcement in attachment serves to kindly request the employers to fill the form also attached and submit it to BRD through email@example.com in PDF, or submitted to BRD, Education Finance offices, located at Muhima KN2 Av34.
For more information on the process to be followed please refer to the announcement below:
The Development Bank of Rwanda (BRD) wishes to request all employers having staff who have benefited from the student loans scheme from 1980 to comply with the law nº 44/2015 of 14/09/2015 governing the student loans and bursaries. Therefore, BRD requests the concerned employers and staff members the following:
RELOCATION OF BRD EDUCATION DEPARTMENT
The BRD Management would like to inform you that it has relocated the Education Department from Kacyiru to Muhima KN2 Av34, neighboring the NISR (National Institute of Statistics of Rwanda).
Ubuyobozi bwa BRD buramenyesha abantu bose ko ishami ryaro rishinzwe uburezi (Education Finance Department) ryakoreraga Kacyiru ryimuriwe ku Muhima iruhande rw’Ikigo cy’Igihugu cy’Ibarurishamibare (NISR).