Tender Details

Country: Somalia
Summary: Program Coordinator-Building Credit Reporting Infrastructure in Somalia
SOT Ref No: 123030135
Deadline: 31 Jul 2025
Financier: World Bank (WB)
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.: 0002017425
Purchaser's Detail:
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Description:
There is no formal credit reporting or any type of formal private sector data sharing arrangements in Somalia yet. The private financial sector does not have adequate tools and information to assess the risks associated with MSMEs and individuals and thus chooses not to provide financing to them. The market has limited use for scoring applications or automated account management systems, as the low number of applications make it difficult to build statistical models.Within the context of the above, IFC is supporting THE CENTRAL BANK OF SOMALIA (CBS), in the development of a credit information ecosystem that meets the needs of Somalia and supports financial institutions to make data driven lending decisions. IFC-s initiative aims to expand access to finance for individuals and MSMEs by improving their credit risk management processes of the financial institutions through deploying a credit information system.IFC is looking to engage a Consultancy firm (Program Coordinator) to help coordinate project implementation and provide in-country financial sector expertise/support to the Task Team Leader (s) and Specialists.
90 - CONTRACT CONSULTANTS
Documents:

4.-CIS-Somalia-TOR-Program-Coordinator-1.pdf

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Program Coordinator-Building Credit Reporting Infrastructure in Somalia - Somalia Tender

The WORLD BANK(WB), a Government sector organization in Somalia, has announced a new tender for Program Coordinator-Building Credit Reporting Infrastructure in Somalia. This tender is published on SomaliaRFP under SOT Ref No: 123030135 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-07-31.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.