Deadline- 31 July, 2012
Countries/Region- Malawi
UNCDF and SIDA invites EOI for Moblie money for the poor program which was developed on the premise that the rapid spread of mobile telecommunications and electronic banking provides a tremendous opportunity to promote financial inclusion on a grand scale. The mission of MM4P is to increase the financial security and build the financial resilience of low income and rural households in the least developed countries (LDCs) by providing them access to branchless or mobile financial services.
MM4P is seeking to provide funding for pilots and early efforts in Malawi that have the potential to help mobile financial services rapidly scale, both in terms of general adoption and usage levels, and with a focus on activities that reach beyond urban centres.
Eligibility-
- Must be operating in Malawi or have a partner who is operating in Malawi. International or regional entities not based in Malawi may apply provided that their work directly benefits an identified partner.
- Must be one of four types of institutions with experience in providing or supporting some aspect of branchless or mobile financial services, including:
- Providers or branchless and/or mobile financial services—those entities which are currently engaged in financial services (banking, remittances, insurance, etc.), mobile telephony, or payment services, either commercial, non-profit or government;
- Financial service agent network—such as physical networks of offices or stores that have payment capabilities, either commercial, non-profit or government;
- Bulk payment users, including but limited to organizations that pay salaries, benefits or make other cash transfers on a large scale or those that receive payments from the mass market for goods or services, either commercial, non-profit, or government; or
- Sector support organizations, particularly those providing technical or operational support to providers of branchless and mobile financial services.
- Must be compliant with all applicable statutory and regulatory requirements of Malawi with respect to the proposed activities or in the process of achieving compliance.
- Must have full documented support from the management and governing body for the proposed project, as evidence by a letter of support from senior management.
- Must have adequate financial systems in place to manage external support as demonstrated by providing audited financial statements.
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