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WORLD BANK(WB) has floated a tender for Introduce, Design, and Train Staff of Financial Institutions on a Housing Microfinance Product (Tz). The project location is Tanzania and the tender is closing on 24 Mar 2025. The tender notice number is 0002014655, while the TOT Ref Number is 116379686. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Tanzania
Summary : Introduce, Design, and Train Staff of Financial Institutions on a Housing Microfinance Product (Tz)
Deadline : 24 Mar 2025
Other Information
Notice Type : Tender
TOT Ref.No.: 116379686
Document Ref. No. : 0002014655
Competition : ICB
Financier : World Bank (WB)
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
In Tanzania, IFC aims to improve access for housing for low-income Tanzanians. For that purpose, IFC intends to pilot inTanzania an innovative Housing Microfinance (HMF) lending product. The product will be catering to the needs of most low-income residentsof Tanzania who live in single-family houses. These houses could be poorcondition, but people cannot afford to purchase new houses due to their limitedincome. Therefore, they improve existing ones (change or mend roofs, floors, doors, etc.), extend houses, adding new rooms, or incrementally step-by-stepbuild new houses. In most caseslow-income Tanzanians either build houses themselves and/or hire minimally qualifiedlabor (mafundi) on local markets. Having no savings, low-income Tanzaniansborrow for that purpose from local Microfinance Institutions (MFIs), includingSACCOs, Community banks, non-deposit-taking institutions, Microfinance Banks, Commercial Banks, etc. Given that most of the low-income homeowners in Tanzania are not expertsin construction, they need to get not only money to improve, extend orincrementally build their houses but also to get construction technical assistance(CTA) enabling them to do it properly. Such CTA may include preparation of Bills of Quantities (BOQs), costestimate and drawings, getting advice on technology, on selection of good qualityconstruction materials and on implementation of works. To assist low-income households with the above, IFC is consideringbuilding an HMF lending product, in Tanzania, under which loans for home improvement/extension/construction(HMF loans) will be accompanied by non-financial services providing low-incomeborrowers with the CTA. IFC has piloted such an HMF product in Kyrgyzstan. Under the Kyrgyzstan pilot the non-financialservices were provided by loan officers. The loan officers operated CTA tools pre-developed for that purpose byIFC. The CTA tools enabled loan officerswho are not experts in construction to provide valuable advice to potential HMFborrow...
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Procurement Documents for Tanzania
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