Request for Proposal:
We are seeking technical and financial proposals from a consultant or a firm to undertake research on a group. As part of its COVID-19 research, with funding from the Mastercard Center for Inclusive Growth, the Center for Financial Inclusion (CFI) has been undertaking research with Micro, Small, and Medium Enterprises (MSME) in four countries: Nigeria, India, Indonesia and Colombia. In each country, CFI has worked with a local financial service provider to identify clients and measure the financial health of the MSME by undertaking a large scale survey in each country. All data cleaning, analysis and publications have been completed. The proposal will support the final phase of the research and also design follow-on qualitative research activities to probe some of the key findings from the quantitative findings.
For more information on previous publications on this research, see below:
ALL APPLICATIONS MUST BE SUBMITTED ONLINE TO BE CONSIDERED.
Questions regarding the proposal can be sent to MSME Proposal Email with the title stating Request for Proposal: MSME Proposal.
The Center for Financial Inclusion (CFI) works to advance inclusive financial services for the billions of people who currently lack the financial tools needed to improve their lives and prosper. We leverage partnerships to conduct rigorous research and test promising solutions, and then advocate for evidence-based change. CFI was founded by Accion in 2008 to serve as an independent think tank on inclusive finance.
Today, billions of people do not have access to the financial tools that most of us depend on. CFI is an independent think tank that conducts research and advocates for evidence-based change to ensure that all people can make use of financial products and services to improve their lives and prosper.
CFI’s role in the inclusive finance space is to identify learning gaps that could advance financial health of low-income people and undertake research and pilot testing to advance our collective understanding of what would drive progress. In areas where there is clear evidence of what works, CFI collaborates with partners to advocate and embed learning into implementation and practices of partners. CFI partners with all types of stakeholders – donors, investors, policymakers and providers – both in its research and pilot testing work as well as during its advocacy phase.
Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. We catalyze financial service providers to deliver high-quality, affordable solutions at scale for the three billion people who are left out of — or poorly served by — the financial sector. For nearly 60 years, Accion has helped tens of millions of people through our work with more than 160 partners in 55 countries. More at https://www.accion.org/.
Description of Project
CFI is seeking consultants or a firm to support the final phase of the research and to design follow-on qualitative research activities to probe some of the key findings from the quantitative findings.
The proposal must include the following activities:
1. Quantitative Research
2. Qualitative Research
In light of the findings from the quantitative research, CFI is seeking to better understand the ‘why’ behind some of the trends observed and also to contextualize the results. CFI’s research has found that many small firms in our samples did not benefit from digitizing their operations. In fact, many tested with different digital approaches, but did not sustain digital approaches over time.
3. Synthesis Paper
The Consultant will contribute to final synthesis publication that combines the findings from both the quantitative and qualitative research on MSMEs. The synthesis paper is meant to deepen lessons beyond those already published in earlier CFI briefs (see links above).
Minimum qualifications to be considered: