Calls for Applications

RFA: Innovative digital lending solutions for farmers in Uganda

  • June 17, 2020

  • Calls for Applications

Summary

EXTENDED DEADLINE FOR SUBMISSIONS: 25th of June 2020 23:59 pm EAT.

UNCDF is partnering with Uganda Development Bank Limited (UDBL) and Food and Agriculture Organization of the United Nations (FAO) under an initiative called AGRINVEST.

The initiative aims to boost private sector investments in the agri-food sectors through increasing the capacity of UDB to de-risk and increase returns on its agriculture lending and investment portfolio. Part of the initiative is a project that involves piloting the use of digital technology to enable access to finance for small holder farmers.

Through this RFA, we are therefore looking for entities legally established in Uganda that can propose an innovative and scalable digital lending solution for small holder farmers. The selected fintech from this RFA process with become a digital lending partner of UDBL.

The targeted small holder farmers are those working under an Apex organization, like an agribusiness (SME), a producer organization or cooperative.

The proposed digital solution and rollout plan should include:


- A solution for digitizing the Apex organization – to capture transactions between the small holder farmer and the Apex organization.
- A credit scoring solution customized for small holder farmers
- A pilot roll out and eventual scaling of the solution with select Apex organizations and small holder farmers in the regions of Acholi, Lango, West Nile and Kiryandongo.

The emerging fintech (digital lending partner) will be supported by the AGRINVEST partners with:
- A grant / technical assistance contribution to implement the project – ranging between 100,000 USD and 300,000 USD [UNCDF]
- Lending capital advanced by UDBL for on-lending to the small holder farmers – subject to agreed upon terms and conditions.

Selected applicants will be signing a Performance-Based Agreement (PBA) with UNCDF.

Applicants are invited to request the PBA sample at uncdf.rfa@uncdf.org

Applications about this RFA should be submitted via email at uncdf.rfa@uncdf.org no later the 25th of June 2020 23:59 pm EAT.

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