Vanuatu: Expansion of Rural Financial Services

Sovereign Project | 46509-001 Status: Active


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Project Name Expansion of Rural Financial Services
Project Number 46509-001
Country Vanuatu
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8336-VAN: Expansion of Rural Financial Services
Technical Assistance Special Fund US$ 225,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Inclusive finance

Gender Equity and Mainstreaming
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

Business Opportunities

Consulting Services

The S-CDTA will finance international consultant services for a total of 7.25 person-months. The consultants will be selected and engaged on an individual basis in accordance with ADB's Guidelines on the Use of Consultants (2010, as amended from time to time). The proceeds of the S-CDTA will be disbursed in accordance with the Technical Assistance Disbursement Handbook (2010, as amended from time to time). The seminars and workshops will be administered by the consultants.

Outline terms of reference for consultants

1. Objectives and Scope

The Pacific Liaison and Coordination Office of the Asian Development Bank will coordinate the TA. The required areas of expertise for the international experts include, but are not restricted to: information and telecommunication technology, international best practices in microfinance and rural finance, institutional capacity development, training, product development, demand surveys and analysis. More detailed terms of reference will be formulated at a later stage prior to the recruitment of consultants.

2. Terms of References

A. Microfinance Information Technology Specialist (international, 4 person-months, intermittent)

The expert will conduct a thorough assessment of the existing IT system and develop the scope for the needed IT system which would ensure sufficient capacity for the growing organization and cater for a potential partnership with National Bank of Vanuatu. The recommendations will have to be made within VANWODS available budget. The suggested solution or recommended MIS (anticipated to be an off-she-self solution with little need for adaptation) needs to account for VANWODS delivery model (group-based lending) and management's reporting needs as well as Reserve Bank of Vanuatu reporting requirements. The expert will support the implementation of the software in consultation with the software firm and will develop an implementation plan, considering timeline, human resource constraints, transfer and migration of data. The expert will need to have in-depth experience with small-scale microfinance IT systems and respective issues and challenges.

B. Microfinance Institutional Development Specialist (international, 3.25 person-months, intermittent)

The expert will build the capacity of management and staff on operational matters. This includes a capacity building needs assessment to determine current weaknesses and design a capacity building plan. It will require an institutional assessment to identify weaknesses and prioritize areas with immediate support needs together with the management. This will happen in conjunction with the IT specialist. An envisaged priority area will be the introduction of international best practices in microfinance for governance, performance monitoring, efficiency and product delivery. The expert will conduct a product demand survey with existing clients of VANWODS. Based on the results and a product costing exercise the expert will decide with the management on refinement of products. As part of the review of products and services, the expert will support the management and board to review the strategic plan of the organization and to identify additional areas where VANWODS would benefit from donor support to effectively implement its strategic plan. The expert is required to have in-depth operational microfinance experience as well as gender expertise.

Procurement Procurement of goods and services will be undertaken in accordance with ADB's Guidelines (2010, as amended from time to time).

Responsible Staff

Responsible ADB Officer Sabine Spohn
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Ministry of Finance & Economic Management
P.M.B. 058
Port Vila


Concept Clearance -
Fact Finding -
Approval -
Last Review Mission -
Last PDS Update 30 Apr 2013

TA 8336-VAN

Approval Signing Date Effectivity Date Closing
Original Revised Actual
15 Feb 2013 - 15 Feb 2013 30 Sep 2014 30 Jun 2016 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
225,000.00 0.00 0.00 0.00 0.00 0.00 225,000.00 15 Feb 2013 115,388.44

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