Expression of Interest For Disbursement And Loan Recovery Mangers From Competent Microfinance Banks (Mfbs) F ... in Nigeria

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Expression of Interest are invited for disbursement and loan recovery Mangers from competent Microfinance Banks (MFBs) for implementation of the One Local Government, One Product (OLOP) programme, 2024 Microfinance Banks and Cooperative Societies to Apply under the One Local Government, One Product (Olop) Programme, 2024 in Thirty-Six (36) States and Abuja-Fct. Date Added: December 18, 2024 Deadline: 17/01/2025 Category: Agriculture REQUIREMENTS FOR SELECTION OF COOPERATIVE SOCIETIES Interested Cooperative Societies must be registered with Department of Cooperatives in the State or by the Federal Department of Cooperative. i. The Cooperative Societies must be registered with Department of Cooperatives in the State or by the Federal Department of Cooperative. ii. The Cooperative Societies must have been in business for at least a minimum of two (2) years. iii. It must be ascertained that the cooperative Societies are functional, existing, active and viable with proven desire for the emergence of value added products. iv. The Cooperative Societies must be into agro-processing business. v. The Cooperative Societies must have potential for market expansion. vi. The Cooperative Societies must have capacity to pay back the loan component of the funding. vii. The Cooperative Societies must provide Tax Identification Number (TIN). viii. The promoters of the Cooperative Societies shall provide two personal guarantors. The guarantors are also to provide their BVNs and the Global Standing Instruction (GSI) mandate. The following can be guarantors: A legal practitioner, registered engineer, licensed medical doctor or pharmacist, civil servant on Grade Level 12 or above, religious leaders, traditional rulers. SCOPE OF WORK FOR COOPERATIVE SOCIETIES The OLOP Cooperative Societies Categorization for 2024 is divided into three tier components as follows: Tier one (1) Under this category, selection of Cooperative will be based one Cooperative in a Senatorial District per State and Abuja-FCT. A total of thirty seven (37) cooperative societies will be selected to access five million naira (N5,000,000) each. The selected parameters are as follows: i. The beneficiaries must be Federated (National or State) Cooperatives. ii. Engaged in Agro-processing in any of the priority sectors. iii. Active business. The States to select MBFs and Cooperative Societies are as follows Thirty six (36) States and Abuja-FCT Tier two (2) In this category, three (3) Cooperative will be selected in six (6 States, one per Geo-political zone totaling eighteen (18)) Cooperative Societies to access three million naira (N3,000,000) each. The selection parameters are as follows: i. Cooperative must be past beneficiaries with good credit history with OLOP scheme. ii. Engaged in Agro-processing in any of the priority sectors. iii. Active business. The Geo-political zones and states to select MBFs and Cooperative Societies are as follows: a. South South Delta State b. South East Enugu State c. South West Lagos State d. North West Kaduna State e. North East Bauchi State f. North Central Kogi State Tender Link : https://etenders.com.ng/small-and-medium-enterprises-development-agency-of-nigeria-smedan-expression-of-interest-and-invitation-to-microfinance-banks-and-cooperative-societies-to-apply-under-the-one-local-government-one-p/

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