Description
BOSPO was founded by the Danish Refugee Council, DRC, in 1995, after the war in Bosnia and Herzegovina. BOSPO implemented a psychosocial assistance project to the displaced population, predominantly women/mothers, children and the aged. BOSPO launched a microcredit program in 1996. In 2000, as required by the law, BOSPO established the Microcredit Organization MI-BOSPO in Tuzla as an independent legal entity. Its mission was to provide women access to credit and cash and to support them in maintaining and developing their economic activity. Within approximately two years of post war activities, 70% of loan recipients were displaced women. In line with additional changes in the law, the microcredit organization MI-BOSPO was re-registered into a microcredit foundation in April 2008.
Today, MI-BOSPO is a non-banking microfinance institution that provides loans to micro and small businesses in rural and urban parts of the country. The ongoing MI-BOSPO mission is providing long-term access to financial services for low income women. Its portfolio is mostly distributed amongst the following sectors: agriculture 21%, services 9%, small production 3%, trade 7% and secondary loans 21%. It has one of the largest coverages of North-East Bosnia and Herzegovina through its 12 branch offices and 24 offices serviced by 78 loan officers.
The assignment is expected to contribute to the strengthening of MI-BOSPO’s current capacity and opportunities and assist in the necessary development and growth of the institution.
Eligibility
Corporate services are sought. The Consultant is expected to be a firm or a group of firms with relevant experience in commercial banking, MSE, and rural finance in transition countries as well as in change management.
Budget
Maximum Budget available for the Assignment: EUR 92,000; Exclusive of VAT.
Deadline: 09 January 2015
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