To deliver cash transfers and provide micro-loans to returned migrants in Addis Ababa

Overall objectives

The overall objective of the MPTF project is to ensure that returned migrants in Addis Ababa city administration are provided with financial and non-financial services to promote sustainable livelihoods and reduce their vulnerability.

The specific objectives of this assignment will be to:

1. Open bank accounts for 123 clients, all of which being returned migrants.
2. Provide cash transfer to 123 clients, all of which being returned migrants
3. Establish a revolving loanable fund amounting to USD260,000 and expand access to credit for clients, i.e. returned migrants in Addis Ababa ;

Specific Objectives

These terms of reference are developed to select financial services providers (FSPs) to:

1. Support 123 returned migrants to open a bank account.
2. Provide a cash transfer of USD150 for each of the 123 returned migrants through their bank accounts.
3. Provide USD260,000 worth of micro-loans to returned migrants in Addis Ababa

Expected results

The expected results of this assignment will be:

123 returned from Addis Ababa city administration have opened a bank account with the selected FSPs.

123 returned from Addis Ababa city administration are provided with a cash transfer of USD 150 each, in line with the ILO MPTF project criteria and the ILO principles and standards.

The revolving loanable fund amounting to USD260,000 is disbursed to returned migrants in Addis Ababa based on available loan products that fits best the interest of beneficiaries or a loan product that is adapted to the needs of returned migrants.