Bank Of Industry (BOI) - Request For Expression Of Interest For The Provision Of A Microcredit Core Banking System

BANK OF INDUSTRY (BOI) REQUEST FOR EXPRESSION OF INTEREST FOR THE PROVISION OF A MICROCREDIT CORE BANKING SYSTEM

The Bank of Industry is embarking on a series of projects providing loans to MSMEs across Nigeria. To support this initiative, the client is seeking to engage the services of qualified entities with extensive and verifiable experience in the below-listed services and capabilities.

a. Ability to create credit products and define product terms b. Receipt of electronic credit applications, including KYC validation c. Ability to support automated and human approvals of credit applications d. Automatic credit assessment reviews e. Ability to disburse to bank accounts of all 22 commercials banks, microfinance institutions, and other financial institutions f. Creation and management of ledgers and loan positions of millions of candidate g. Ability to integrate and support a variety of repayment channels with data provision on debt amounts, loan position updates, and reconciliations h. Ability to integrate and report into other core banking applications I. Ability to support and integrate into mandated 3rd-party applications for the purpose of data querying and update j. Ability to produce separate financial statements per fund (credit product) managed by the application, or consolidated account funds

Qualifications/Basic Requirements Interested companies with proven expertise are required to provide the following information:

• Evidence of legal registration with Corporate Affairs Commission (CAC) • Submission of Memorandum and Articles form CACO7 (i.e. Particulars of Board of Directors) and Form CACO 2 (i.e. Particulars of Shareholders) • Confirmation of financial capacity of the company (2 years audited statement of accounts / financial summary) • Company Tax Clearance Certificates for the last 2 years • VAT Registration • Evidence of registration with Pensions Reform Act, 2004 • Evidence of registration with Industrial Training Fund • Evidence of Registration with BPP National Database of Contractors, Consultants and Service providers. • Detailed company profile indicating management team, office and branch contact details • Evidence of similar projects successfully handled in the past including states, customer (end user) count, key services provided, areas of coverage • Evidence of similar projects successfully handled in the past including states, customer (end user) count, key services provided, areas of coverage • List of existing clientele • Any other information that may strengthen the application

Method of Submission Two (2) copies (One hard copy and one soft copy on a disc or flash) of all the relevant documents must be submitted in a sealed envelope clearly marked "EXPRESSION OF INTEREST FOR A CORE BANKING SYSTEM".

All submissions should be addressed to:

Micro Enterprise Directorate Bank of Industry 23 Marina Lagos

Submission of Expressions of Interest closes at 12.00noon on Thursday, July 2, 2020. Only shortlisted firms will be contacted.

Further enquiries can be made between 8.00am and 5.00pm, Monday through Friday at medproposals@boi.ng .

0700 CALL BOI, 0700 2255 264 customercare@boi.ng

READ: How to Apply for Bank of Industry (BOI) Loan – What you need to Know

Bank Of Industry (BOI) – Request For Expression Of Interest For The Provision Of A Microcredit Core Banking System

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