Thông tin dự án Shift cửa sổ 2. mô tả những thông tin ngắn gọn cũng như yêu cầu của dự án 1. How many total final beneficiaries will the Project reach cumulatively by the end of project duration? What development impact will it have, especially for women, poor andor vulnerable groups? Please describe briefly: the number of households which realistically will benefit (cumulatively) if the outputs will be delivered by the end of project (please explain the logic behind the proposed figures); the impacts, especially for women marginalised poor, the Project will have and how sustainability of results will be ensured after the project duration.
Fostering innovative business models for women’s financial inclusion Photo by Khánh Hmoong, Second window: Fostering innovative business models for Women’ financial inclusion in CLMV THE CHALLENGE The SHIFT Challenge Fund Facility second window challenges financial services providers and real economy actors to develop or scale-up innovative and sustainable business models, and cross-sector partnerships, for advancing women’s financial inclusion in Cambodia, Lao PDR, Myanmar and Viet Nam Some Key Principles The bottom line for SHIFT Challenge Fund: It’s all about impact We are trying to trigger change that either: i) increases the volume of financial services available to Women (consumers or entrepreneurs) in CLMV; and/or ii) increases the number of Women (consumers or entrepreneurs) that have access to formal finance products and services; SHIFT looking to support projects that are perceived by commercial financial providers as too risky to be wholly or partly funded by ‘the market’ Nonetheless, projects must have the potential for commercial sustainability Projects must demonstrate some potential for growth and/or replication Scale-up and growth stage projects must have additionality and promises an exponential increase in outreach Project must be innovative in some way: SHIFT views innovation in its broadest sense including: i) a new approach, new idea, new product or new service that has not been tested anywhere; ii) new to CLMV; or iii) has not been applied to the sector in question of the proposed project Who is eligible to apply? o Licensed financial institutions (Banks and non-banks financial institutions, including State-owned commercial banks or other state-owned financial institutions) o Registered financial services providers, companies from all sectors and federations/associations (in consortium with businesses and/or financial institutions) o A minimum of three year of operations and statutory account(s); o Applicants may be registered in CLMV or foreign, provided the project benefits women’s financial inclusion in CLMV Examples of eligible applicants are: Telecommunication providers, garment factories, input/seed suppliers, equipment suppliers/distributors; dairy groups; tourism chains; large agro-processors and exporters, large agriculture (women) cooperatives, business incubators, energy providers, renewable energy appliances producers, recycling plants, housing corporations, regional and multinational companies with extensive supply chains, and alternative platforms that connect women entrepreneurs to long-term capital, commercial banks, leasing companies,, etc What is the process? 22nd February 2016 Information phase 15 April 2016 Opening of the 2nd window for EoI Information workshops Continuous support to applicants Closing of the EoI phase May 2016 June 2016 Eligible EoI are invited to submit a proposal Notification of wining proposals Information workshop Signing of the grant agreement Continuous support to shortlisted applicants Proposal Implementation Closing of the proposals phase Follow-up and disbursements From August 2016 Evaluation of proposals End of the project 2018 at the latest EoI evaluation • • • EoI are first screened to check that they are eligible (country, focus on women, legal status of applicants, EoI template fully filled in etc Eligible EoIs are brought to our Investment committee (IC) meeting on 28 April in BKK The EoIs are reviewed by the IC with attention to three areas: • Technical merit: How good and relevant is the idea? • Organisational capacity: Are the applicants capable of carrying out the idea? • Cost sharing: Is the applicant fully committed financially to the success of the project? EoI evaluation…Con’t Evaluation area The idea Does the EoI focus on women’s financial inclusion? Does it meet a need/demand in the market? Are other organisations providing the same service/product/delivery channel already in the country/area? How financially sustainable is the idea? Does the applicant use subsidies to lower the costs of products/services below market rate? How large is the expected impact for women? Is the EoI focusing on innovation or scaling up? Does the project have the potential to be copied/replicated by other organisations? Are there some potentially negative consequences to the project? Does the project meet international good practices regarding inclusive financial services? The applicant(s) Does the applicants/consortium demonstrate the required expertise/skills to implement the project? Can the applicant continue to provide the service/product after the grant funding? Did the applicant experiment with the concept already? Did the applicant conduct preliminary research for the idea? Is there a clear role for each applicant in a consortium? Is there a clear exit strategy for applicants that will only participate to the development/piloting of the project? Financial commitment Is the propose contribution of the applicant appropriate considering the project size? Are the costs in the budget realistic? Is the proportion between in-kind/cash/other funding appropriate? Can the applicant demonstrate its capacity to provide the proposed contribution? Is the applicant financially solid enough to carry out the project? Mini-ERP System XYZ Project example Project Partners: Financial Institution Limited, Mobile Network Operator and FMCG Project Fundamentals: • XYZ is a smartphone based mini ERP system enable MSEs to record and produce their sales and transaction information in accessible reports through the use of smartphone • Facilitate creation of ‘business information’ of MSEs, make MSEs more attractive to banks to provide finance • MSEs enter in sales information through the day either by scanning a barcode or by punching in a code • XYZ will produce financial and business reports for assessment of MSEs customers, enabling banks to source reliable MSEs data for loan decisions Impact: • XYZ Project will target 3,000 MSEs during the initial phase of pilot testing • Aims to identify 50,000 MSEs to participate in the project Innovation: • Will be the first time that the Frogtek in Latin American and Kopo Kopo in Kenya business model will be introduced to CLMV • XYZ is a innovation to access to finance, enabling MSEs to record and produce their business information to apply for loans • XYZ is a technology Innovation that offers MSEs a customized mini ERP system to enhance business management operations, which previously would be out of the reach of micro and small enterprises Capacity to Implement: • FMCG is specializing in technology and innovation, together with their partners – Mobile network operator is the third largest mobile company in CLMV and Financial Institution Limited is a SME focused bank - have the capacity to implement this project Estimated SHIFT Funding: US$ 250,000 (45% of total project costs)