MESPT-CREDIT-13-2025 – CONSULTANCY TO UNDERTAKE TRAINING ON FINANCIAL LITERACY. 61 views0 applications

1. TERMS OF REFERENCE

INDIVIDUAL CONSULTANCY

CONSULTANCY TO UNDERTAKE TRAINING ON FINANCIAL LITERACY

1. INTRODUCTION

Micro Enterprise Support Programme Trust (MESPT) is a development organization focused on enhancing, Agricultural Enterprise Development and Market linkages, Agricultural productivity and Food Safety, Financial Access and Inclusion and Green Transformation. MESPT interventions are through small holder farmers and Agricultural SMEs aimed at increasing productivity, incomes and enhancing competitiveness for decent job creation, especially among women and youth.

The engagement of private sector towards achievement of the desired results within focus thematic areas continues to be critical and calls for integrated support mechanisms. MESPT has taken this role to facilitate both forward and backward linkages and build sustainable partnership to sustainably support the eco-system.

MESPT has a tripartite business model that entails working with;

1. MSMEs and Small holder farmers – MSMEs comprise Agri entrepreneurs that include small scale processors, aggregators, input providers, traders, off-takers, and exporters who we link to small holder farmers so that they can trade.
2. MSMEs and Financial Services Providers– We link MSMEs to financial service providers that can lend them working capital and asset financing when in need to enhance their operations. We partner with the financial service providers by giving them affordable loans for onward lending as well offer them technical assistance and business advisory services.
3. Smallholder Farmers and Financial Service Providers-We are at the forefront to ensure that the small holder farmers are supported to increase their agricultural productivity and profitability, linked to viable markets for their produce and offered appropriate capacity development services.

Promotion of financial access and inclusion within Agricultural and Green Growth sectors is a critical strategic pillar. To support the financial access eco system, it is becoming increasingly important to mitigate opportunity for potential failure of businesses and/or break down of lender borrower relationship due to inadequacy of information. We note that increased financial access can be achieved where potential borrowers are fully aware of their responsibilities towards credit management prior and post disbursements. To further avoid the moral hazard of vicious cycle of debt trap, we strongly believe credit management awareness is critical. It is against this background that this consultancy has been conceived to enhance financial knowledge among key end users of financial services with the expectation that this will increase access and inclusion.

Vision

“Build a more Prosperous Society”

Mission

To provide sustainable business development and financial services to small holder farmers and Agri SME’s in Kenya.

1. OBJECTIVES OF THE ASSIGNMENT

The objective of this consultancy is to facilitate

1. Training of identified ToTs for purposes of delivering financial literacy to smallholder farmers and Micro Enterprises
2. Development of a financial literacy training manual to be used by the trained ToTs
3. Dissemination of knowledge (Training) attributable to enhancing financial literacy among smallholder farmers and Micro Enterprises with the aim of increasing access to credit and improving quality of credit portfolios.
4. SPECIFIC OBJECTIVES

The objectives of the consultancy are to:

1. To undertake TOT training on financial literacy and equip the ToTs with key aspects of financial literacy and practical models of delivering the training:

• Under open door vs class room set up;
• Phased delivery and lead time between trainings;
• Assessment of results- (what is appropriate lead time before commencement of assessment of results).
• How frequent should the training be delivered to the same group of participants to achieve maximum results?
• Develop role plays to demonstrate various aspects of financial literacy.

1. Developing a standard financial literacy training manual to be used by the ToTs to deliver the training to target groups, with necessary tools, case studies, role plays etc.
2. Deliver initial financial literacy training sessions for identified groups covering but not limited to the following:
3. Record keeping
4. Business case (Profitability)
5. Identification and separation of Personal and business incomes and expenses
6. Documenting a business plan in a simplified manner.
7. Importance of savings and different savings structures and avenues
8. Why borrow? Important considerations. Borrowing cause and debt management.
9. Terms and conditions- power of negotiation and risk management
10. Risks and mitigation:

• Risks:-crop failure, domestic emergencies, diversion, natural calamities, business failure, collateral, etc
• Mitigation: character, historical behavior and performance; regular update; diversification; proper use of funds; solidarity guarantees; security; insurance, etc

1. Channels available for financial access and inclusion- Saccos, MFIs, Conventional banks, Digital and mobile money services (Fintech). Pro and cons? What to consider for each channel?
2. Client protection and fraud prevention. Data protection awareness, responsible business conduct, anti-money laundering and crime safeguards.
3. Develop a consolidated final report on the toolkit and trainings, giving recommendations for the future

Target

The target participants for this assignment include:

1. Identified ToTs. Approximately 35 officers from partner financial institutions where we propose a five -day classroom setup training within Nairobi.

SCOPE OF WORKS

Working closely with MESPT Credit and Business Development Manager, the consultant will be required to conduct financial literacy training in workshops or outdoor set up to ToTs.

The consultant is expected to use innovative approaches in developing and delivering the course to cater for audiences.

The Training Consultant will specifically be required to carry out the following tasks and responsibilities:

1. Hold inception meeting with Management and Board of Trustees of MESPT and align their expectations, form an agreement on approach, work plan and budget
2. Develop a comprehensive course structure and training materials as per the suggested topics and others relevant topics gained from their experiences
3. Develop a financial literacy toolkit, which includes resource materials, teaching aids, curriculum, interactive learning materials, digital resources and other relevant materials.
4. Develop a training Manual based on modules in financial literacy used during the workshops and other relevant material in order to replicate the training in all counties of interest.
5. Develop and design the training agenda and its modules and content from the financial literacy toolkit for a training course, suggesting tools and methods that are suitable to the participants to use onwards in MESPT to reach rural smallholder farmers and other related value chain actors.
6. Manage overall delivery of the course. This will include strong direction, academic oversight, and coordination of course content, trainers and presenters, and course facilitation. The consultant/s will ensure the course content is relevant, threads and links are made between sessions, presenters are comprehensively briefed and well prepared, and where appropriate introduced to other presenters to ensure the sessions build on one another.
7. After completion of trainings, evaluate the effectiveness of the trainings and make recommendations to MEPST for improvement and follow-up actions.
8. Prepare and submit a training report within two weeks after training including course evaluation statistics.

METHODOLOGY

KEY DELIVERABLES

It is recommended that for maximum value generation for this assignment, the consultant will adopt participatory approach that includes use of case studies and role plays where practical. The consultant is expected to provide a detailed practical methodology, detailed curriculum, and training plan/schedule. This curriculum must meet the minimum recommended financial literacy content and threshold of adult learning requirements

Milestone 1:

1. Inception report that highlights with agreed work plan with MESPT and revised budget (where necessary).
2. At least two weeks before agreed course dates, the consultants will provide MESPT with:
3. Documentation to be shared with participants- course outline, training modules on various financial literacy aspects, possible group work etc
4. Fully developed case studies to be used in delivery of the course.
5. Course materials, notes for trainers, session outlines and power-point presentations.

   Milestone 2:

6. Deliver the training on financial literacy to selected ToTs.
7. Provide MESPT with a detailed training report. The report should contain but not limited to the following aspects.
8. Capture key lessons learnt
9. Areas of improvement and any feedback from the participants.
10. Incorporate list of attendants, training schedule and photos.
11. Areas of improvement and any feedback from the participants.

    Milestone 3:

Develop and share with MESPT a structured training manual on financial literacy to be used by MESPT trained ToTs. The Manual will be 2 hard copies well binded and designed; and one PDF soft copy.

NB: Original evaluation templates completed by the participants, training modules, Material and manual shall remain MESPT property and must be shared and surrendered to MESPT after the training.

1. ASSIGNMENT TIMELINES

The assignment will commence immediately after signing the contract with MESPT. The assignment will be carried out in a maximum of 10 working days including preparatory and reporting. These days must not be continuously following each other.

CONSULTANT REQUIREMENTS

1. In-depth knowledge and experience in Development finance, financial inclusion, Enterprise development and/or Agricultural Value Chain Development.
2. Experience and track record in curriculum development (modules preparation) and training (experience of providing similar training(s).
3. Demonstrated understanding of concepts for financial literacy training and delivery mechanisms.
4. Experience in Adult learning skills and training methodologies
5. 3 References for similar assignment for the past 5 years, with contact details.
6. Degree in business course and relevant technical experience.
7. (Certification of National Industrial Training Authority and Masters Degree will be an added advantage)

   INSTITUTIONAL ARRANGEMENT

The Consultant will work under the direct supervision of the Credit & Business Development Officer in consultation with Credit & Business Development Manager. During his/her assignment, the consultant will be provided with all necessary information.

DOCUMENTATION REQUIREMENTS

1. covering letter explaining how your experience addresses the requirements of the TOR.
2. CV(s) of consultant(s) involved in the exercise
3. Provide a copy of certificate of registration and KRA Pin Certificate where applicable
4. A copy of valid KRA Tax compliance Certificate-individual
5. 3 references of relevant past works, scope, role and contact for the last 6 years
6. Provide detailed proposal with a detailed Work plan demonstrating the number of man-days to be employed and budget for this work.