📋 Tender Overview
Country
Niger
LuxDev Country Office
Niger Office
Sector
Inclusive and innovative finance
PIC 4
2022 - 2024
Execution period
October 2022 - December 2026
Total duration
50 months
Total budget
15,000,000 EUR
The fourth Indicative Cooperation Program (PIC IV) between the Republic of Niger and the Grand Duchy of Luxembourg aims at two strategic and interdependent objectives: contributing to the development of human capital and the strengthening of inclusive governance in Niger.
The PIC IV recognizes financial inclusion as one of the main levers of socio-economic development and poverty reduction and aims to support the implementation of Niger's national inclusive finance strategy (SNFI) and promote access vulnerable populations to sources of financing consistent with the Financial Inclusion Development Fund (FDIF) and the Investment Fund for Food and Nutrition Security (FISAN) on the one hand, the National Support Fund for Small and medium-sized businesses and industries (FONAP) on the other hand.
The NIG/032 program is part of this approach by aligning itself with the orientations of national policies and strategies and with the general strategy of Luxembourg Cooperation.
Improving access for vulnerable populations, particularly women and young people, to financial services constitutes the overall objective of the program and forms one of the five areas of intervention of PIC IV. The specific objective of PADIF is to improve access to financial services for vulnerable populations and actors in the agricultural sector. The PADIF will help increase their potential for professional integration and the creation of sustainable jobs.
In this context, the PADIF, which is implemented by ADA, a Luxembourg NGO, has developed three areas of intervention in order to contribute to obtaining the expected results in favor of the financial inclusion of populations in a sustainable manner:
the environment is equipped with support mechanisms promoting the development of the inclusive finance sector;
the microfinance sector is consolidated and made up of efficient decentralized financial systems;
Financial service providers have developed financing solutions for value chain players.
To this end, ADA supports microfinance institutions identified jointly with LuxDev so that they can offer appropriate financial services to beneficiaries of the NIG/028 program - Employment and employability, particularly with a view to the self-employment of young people and women. . As part of this support, ADA is also testing new innovative approaches to reduce the risks associated with financing.
Supervision of the project is ensured by the Ministry of Finance, to which the executive secretariat of the national inclusive finance strategy (SE-SNFI) is attached. With a budget of 15 MEUR, the PADIF consists of a technical assistance and capacity building component (3.5 MEUR) which will be executed by ADA and a fund allocation component (11.5 MEUR) whi
