Close WindowPrint

Project Fact Sheet for 51140091

Project / Programme Title
SOCREMO TA: Training Package to Guarantee Beneficiaries 2016-2020
Brief Project Description
The project “SOCREMO Guarantee for MSE & Women Owned Businesses 2014-2020” is a cooperation between Sida, USAID and Socremo. The project supports the establishment of a Loan Portfolio Guarantee (LPG) of ten million USD by Socremo that will enable 4.000 micro, small and women owned enterprises in Mozambique get access to credit. The focus is on informal, female (at least 2000 women-owned businesses) and rural-based enterprises (at least 50% of MSEs located outside Maputo city). Access to credit is expected to enable the enterprises to expand their business and thus generate incomes and jobs. There is an expectation that Socremo continues to lend to this segment post-guarantee, that the project is able to demonstrate that lending to this segment can be commercially viable and that the success of this guarantee could incentivize banks and microfinance institutions to lower their collateral requirements. It is also expected that the enterprises – with a positive credit history - will have increased the likelihood of getting access to credit post-guarantee. Sida has therefore decided to complement the guarantee with two assignments, one M&E assignment and one Technical Assistance assignment for the borrowers and for Socremo. Both of these will be funded by Sida. The M/E assignment will establish a system that monitors the results that the guarantee aims to fulfil and the TA assignment will build capacity in specified areas important for the 4000 borrowers to be able to become more bankable post-guarantee and identified capacity needs at Socremo/staff, for instance in the development of new financial products that are tailored for the new segment. The result of the consultancy on the design of the technical assistance (TA) to borrowers and Socremo as well as of its monitoring evaluation held in 2015 concluded that the technical package on the borrowers should focus on a) building a cadre of qualified mentors and link them as resource people and supporters to Socremo clients whose businesses have the potential to grow; b) sensitizing the general public in select areas about the importance of women’s entrepreneurship, along with some basic concepts in entrepreneurship; and c) building the capacity and strength of several women’s business organizations to better serve their members. In the M&E side the conclusion was as most indicators that would help measure the impact of the LGP are collected already by Socremo, Sida could hire an outside firm to collect additional business-level indicators that would help understand business-level impacts while sector-level impacts should not be collected by Socremo. Following the result of the consultancy, the Embassy of Sweden intends to procure consultancy services for the implementation of 1) TA to borrowers and 2) M&E of the guarantee beneficiaries. The present decision refers to the procurement of the TA provider that will develop and implement training package for the Socremo guarantee beneficiaries who want to receive it. The training package to guarantee beneficiaries should focus on two things: (i) Skills (writing better business plans, better credit applications), and (ii) How to make maximum use of the financial track-record that they will build up over time with the relationship with Socremo. This could also include mentoring and couching of the most promising entrepreneurs.
Donor
SWEDEN
Donor Agency / UN Agency
Suécia
Government Counterparts
Map
Map

Project Information

Project Status
Ongoing
Mozambican Project Number
Fonte de Recurso
Actual Start - End
2017-03-12 / 2020-12-29
Planned Start - End
2014-06-01 / 2018-12-30
Date of Signature of MoU/Contract
n/a
National / Regional
National 
Type of Implementation
Multilateral 
Project Contact Person
Nito Matavel | +258 21 480 300 | nito.matavel@gov.se 
Project Internet Link
 
Comments
 

Funding Information

Aid Modality
Free standing technical Cooperation
Currency
SEK
Type of Funding
Loan
On/Off Budget
Off Budget
On/Off Treasury
Off Treasury
Funding Totals
Disbursements
123,286 EUR
Commitments
428,400 EUR
Undisbursed
305,114 EUR
Historic Funding
Disbursements
0 EUR
Commitments
0 EUR
Funding 2016
Disbursements
0 EUR
Commitments
428,400 EUR
Disbursements 1st Quarter
0 EUR
Disbursements 2nd Quarter
0 EUR
Disbursements 3rd Quarter
0 EUR
Disbursements 4th Quarter
0 EUR
Funding 2017
Disbursements
76,293 EUR
Commitments
0 EUR
Disbursements 1st Quarter
0 EUR
Disbursements 2nd Quarter
0 EUR
Disbursements 3rd Quarter
41,092 EUR
Disbursements 4th Quarter
35,202 EUR
Funding 2018
Disbursements
46,992 EUR
Commitments
0 EUR
Disbursements 1st Quarter
46,992 EUR
Disbursements 2nd Quarter
0 EUR
Disbursements 3rd Quarter
0 EUR
Disbursements 4th Quarter
0 EUR
Funding Forecast 2016
Disbursements
0 EUR
Commitments
84,000 EUR
Funding Forecast 2017
Disbursements
0 EUR
Commitments
84,000 EUR
Funding Forecast 2018
Disbursements
0 EUR
Commitments
84,000 EUR
Funding Forecast 2019
Disbursements
0 EUR
Commitments
84,000 EUR
Funding Forecast 2020
Disbursements
0 EUR
Commitments
84,000 EUR

Classification

Channel of Delivery
Sectors
100.0%
24000 Banking And Financial Services
24030 Formal sector financial intermediaries
MDGs
  • Not Applicable
Focal Regions
National