Enterprise Partners (EP) is a 7-year (2013-2020) wealth creation programme, which aims to support the private sector and Ethiopia’s economic growth, inclusive of women and the environment. By applying the Making Markets Work for the Poor (M4P) approach for sustainable results, it aims to facilitate market development in order to spur innovation and investment, creating jobs and increasing incomes for the poor. It does so with a combination of technical assistance and market facilitation in resolving market failures. EP is being implemented by a consortium led by DAI Europe, and includes First Consult, Enclude, ITAD and BCaD.
The EP pillars are:
- The Finance Pillar is expected to achieve the outcome of increasing investment levels in the Ethiopian economy, particularly for growth-oriented Small and Medium Enterprises (SMEs). This will include funding of green technologies where appropriate and develop funding for green growth investments.
In addition, the finance team also focus on the base of the pyramid, where market failures are being addressed to increase the usage of semi-formal and formal financial services by the poor.
- The Agro-Industrial Pillar is expected to achieve the outcome of increasing returns on investment (productivity) and investment levels in the priority sectors of cotton/textiles/apparel, livestock/leather and fruits/vegetables, in order to achieve the impact of creating jobs and raising household incomes. Additionally, this pillar will incorporate the promotion of climate change awareness and addressing women’s economic empowerment.
Background specific to SME Finance Project
The Government of Ethiopia (GoE), in cooperation with the World Bank Group, the European Investment Bank and the DFID-funded Enterprise Partners, is implementing the SME Finance Project, aimed at enhancing access to finance opportunities for SMEs in Ethiopia. The Development Bank of Ethiopia (DBE) has been identified as the implementing agency for the over $260 million credit facility aimed at supporting SMEs, through leasing finance and/or working capital finance, to be delivered through DBE, commercial banks, microfinance institutions and lease (or capital goods) finance companies.
The Ethiopia SME Finance Study (2014) represents the analytical background for the project. The study, conducted by the World Bank at the request of the GoE, looked at SME finance (or lack thereof) as one of the possible obstacles to job creation. The study has demonstrated the existence of a so-called “missing middle” phenomenon in Ethiopia, whereby small enterprises are more credit constrained than either micro or medium/large enterprises. The study also highlighted the inadequacies of Ethiopia’s financial sector to address the financing needs of SMEs, and the existence of severe limitations in the overall enabling environment for SME lending (e.g. the lack of a collateral registry). Moreover, it also highlights the importance of lease finance as a complementary source of funding for boosting the Ethiopian economy, by providing long-term finance to SMEs, which need funds to expand but often do not have the credit history or collateral sufficient for credit from conventional financing sources.
The project will have four components: Component 1: Financial services to SMEs; Component 2: Enabling environment for SME Finance; Component 3: Business Development Services to SMEs; Component 4: Project’s management, communication and impact evaluation.
Under component 1, the project will provide participating financial intermediaries with a line of credit facility for the provision of leasing and working capital to eligible SMEs. This liquidity support will be complemented with technical assistance (TA) aimed at supporting participating financial institution in designing, piloting, and rolling out financial products, utilizing novel lending methodologies (i.e. cash flow based lending) to successfully expand their outreach to the target SMEs.
DBE will provide direct financing to SMEs, and wholesale finance to other financial intermediaries for on-lending to SMEs through two windows: a lease finance window and a lending (working capital) window.
A TA facility will be established to complement and reinforce the credit facility. In order to make the credit facility more effective, participating financing institutions will receive high-quality, tailored technical assistance. This will be delivered through a combination of specialized trainings and the presence of technical advisors with proven and relevant local and international experience to help build capacity in financial services to SMEs. This capacity building will aim to develop the staff of participating financing institutions to serve SMEs adequately – training them in assessing SME business proposals and developing suitable financial products and lending methodologies for the target group. Participating Financial Institutions will assume full credit risk of lending to SMEs and are free to set pricing and loan conditions, including relevant policies and procedures, commensurate with their cost structure, capital base and risk profile.
The final project beneficiaries will be eligible SMEs operating in the manufacturing, agro-processing, tourism and construction industries. For the purposes of this project, SMEs are defined in terms of number of employees (e.g. from 6 to 100 employees). Working capital loans to SMEs will be limited to a maximum of Birr 10 million per SME, while lease finance loans will be aligned with the DBE Lease Financing Policy requirements: i.e. a maximum lease loan size of Birr 30 million.
The Monitoring and Results Measurement (MRM) analyst is responsible for guiding implementation teams and their partners/co-facilitators for proper monitoring and results measurement activities. The purpose of this job is to implement the MRM system for the Finance Group of EP. Specifically,
- They must ensure that intervention strategies are properly designed and documented, that regular monitoring is carried out on an appropriate basis, and that monitoring information is properly communicated in a way that can improve intervention design.
- Creation of a database for SMEFP borrowers/ lessees and prepare quarterly portfolio analysis and produce reports as required.
- Monitor and report impact of TAs to participating financial institutions (PFIs).
- Specific Primary Functions and Responsibilities
- As MRM focal person for SME interventions:
o Contribute to the quality of information collected and used in strategy formulation, designing and implementation of interventions
o Lead/guide/support implementation team in execution of necessary MRM processes and preparation of needed outputs in alignment with the EP MRM Handbook
o Ensure quality of interventions implemented and results measured (during and post intervention phase monitoring)
o Support higher management with information to steer interventions and assessments
o Provide necessary assistance in formulation and development of case studies, semester report, annual report, business plan, special studies and other similar documents periodically
o Assist implementation team in data analysis and aggregation
o Liaise with co-facilitators, partners, external evaluation/ review/ assessment teams to carry out the functions mentioned above
o Conduct regular field visits to ensure proper implementation of activities
o Guide field staff in carrying out monitoring and assessments
- Activities related to TA deliveries to PFIs
o Track and measure the overall impact of the TA to the Participating Financial Institutions, including DBE, in terms of bringing change in practice and/or improving their performance relating to the various functional areas targeted by each TA
o Create borrower/ lessees database, update and produce quarterly reports
o Periodically reconcile EP database with records maintained by DBE
o Develop client stories and organize list of clients for VIP visits
- Play role in creation of knowledge repository for the project
- Comply with the EP operations manual
- Other duties and responsibilities
o Participate in meetings
o Prepare necessary reports and data compilations
o Maintain professional working relationships with partners, stakeholders and other internal staff
o Carry out any other duties that may arise in the course of the project. These duties will be undertaken after mutual agreement between the MRM analyst and SME Lead and/or MRM Lead
o Contribute to a harmonious work environment
- WORKING ARRANGEMENTS
The MRM analyst will be based at EP Office. The MRM analyst will closely work with MRM and SME teams and will report to the SME Finance Lead. S/he will be working closely with stakeholders of the project.
- Education: BA/BSc/MBA/MA/MSc in Management, Business Administration, Marketing Management, Economics, Project Management or related fields of study.
- Experience :
o 1-5 years of experience in monitoring and evaluation, or a related field with responsibility for data collection and analysis.
o 1-5 years of experience in the financial sector in Ethiopia. This could either be through the private sector or through donor organizations supporting the financial sector.
- Knowledge and understanding:
o Understanding of the financial sector in Ethiopia. This could include either understanding of financial programmes which aim to increase financial access for the current unbanked, or understanding of the investment, leasing and equity markets.
o Knowledge of research techniques and data analysis.
o Understanding of monitoring and evaluation.
- Skills and abilities :
o Competence in MS office, especially Microsoft Excel.
o Professional level competence in English Language
o Certification in Monitoring and Evaluation may be an advantage.
o Ability to think critically and lead discussions on intervention results.
How to Apply
Only short-listed applicants will be contacted and applications that do not meet the minimum requirements and doesn’t follow the application process will not be considered. Interested applicants should submit their application through e-mail as follows:
Please clearly mark in the subject line ‘MRM Analyst ’ and email your CV and application letter. Please note that ONLY CV and application letter (not other testimonials) are required to apply at this stage.
Qualified women are highly encouraged to apply.
No phone calls please.