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USAID, Worldwide, March 2001 – September
2005
TCGI provides services for the MSED program on behalf of and
in conjunction with the Office of Development Credit (ODC)
at USAID. The overall objective of the MSED is to mobilize
credit for micro and small enterprises by creating sustainable
relationships between financial institutions and enterprises
in USAID-assisted countries, thus improving access for the
poor to financial markets. MSED features loans, loan guarantees,
portable guarantees and other creative financial mechanisms
to promote the development of small and micro enterprises.
As of December 2001, the total value of the portfolio of loans
under MSED guarantee coverage from 38 participating financial
institutions (FI) was US$ 35 million.
TCGI assists ODC in monitoring, implementing
and developing MSED by providing two full-time loan-servicing
specialists and one administrative manager, along with occasional
senior-level technical consultation.
The MSED Program is divided into two tasks. The main task
of monitoring and managing the reporting and data aspects
of MSED continues throughout the life of the contract. This
task includes the following activities:
Compliance review of loans submitted by participating
financial institutions;
Communications with participating financial institutions
to resolve and clarify non-compliance issues;
Origination and utilization fee payment calculations and
processing;
Claim payment review and processing; and
Utilization and financial reporting to
USAID Relationship Managers.
In support of this monitoring role, TCGI employees
conducted on-site reviews and training to MSED partner FIs
in Ethiopia, Kenya, and Trinidad, in May 2002. These site-visits
included meetings and interviews with bank personnel, borrowers,
as well as USAID employees.
The second task, the evaluation and redesign
the MSED database program, occurred during May-June 2001,
and resulted in an assessment of the existing software and
a proposal for a new credit database system.
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