Initial 12 Month Workplan USAID Colombia RFS

Activity
Project Startup & Administration
Hiring of TCNs
Orientation
Discussing strategies with Home office
TCNs will move to post
TCN/COP first meeting with USAID for introduction and discuss work plan and targets
COP will locate home office to rent
COP will contract for home office
COP and WOCCU home office set up bank accounts
COP and WOCCU home office set up reporting procedures
COP will gather legal information on Human Resources
COP and WOCCU Home office develop project policies and procedures
COP will work with legal on employee contracts
Employment interviews of local staff
Contract all staff
Purchase of all office equipment and supplies
Move into new office
Local contract and WOCCU home office contract staff will meet to discuss all USAID requirements
Purchase of all vehicles
Key Personal will meet with USAID for introductions and discussion of work plans
Full Colombian staff orientation
Assessment of security risks to personnel and communications equipment by Omnitempus
Omnitempus to provide personnel security training
COMPONENT 1: IMPROVING RURAL FINANCIAL INTERMEDIATION
Sub-Result 1.1 At least 300,000 New Clients Served
Select Phase I Target Municipalities and PFI Partners
Categorize municipalities based on demographic and socio-economic data
Confirm expressions of interest
Conduct institutional diagnostics
Final selection of municipalities based on categorization and PFI mapping
Negotiate and sign MOUs with project partners
Market research and segmentation
Adapt and introduce financial methodologies
Coordinate with USAID projects to reach rural and vulnerable populations
Sub-Result 1.2 Five Hundred Million Moblized in Rural Areas
Develop credit selection and scoring mechanisms
Promote usage of DCA guarantees to manage risk and encourage lending
Provide technical assistance to facilitate use of movable collateral
Introduce card-based services
Sub-Result 1.3 At least 18 PFIs Strengthened and Serving Underserved Areas
Provide technical assistance to PFIs for downscaling
Provide tools and templates to build PFI capacity
Replicate scalable projects
Provide guidance to overcome the last mile problem in mobile financial services
Sub-Result 1.4 Rural Clients Effectively Using at Least 10 Products
Provide technical assistance to design new products
Provide assistance to the GOC for rural financial literacy programs
Sub-Result 1.5 PFIs with New or Enhanced Points of Service
Develop and interoperable transactional platform
ICT meetings in conjunction with WSG subcontractor with national and regional data comm.
providers, coverage, product availability and pricing is obtained.
Market study- products & delivery channels based on market demand.
Project staff meet w/ delivery channel vendors - price, offerings, tech. requirements.
ICT project specialists design initial network diagram.
ICT project specialists create network points of service map (draft)
Develop business case
Work plans & timelines finalized and policies and procedures in place
Create interface between the PFI core banking systems software and the central transaction switch
software
Begin pilot testing transactions with PFI
Support scalable pilot projects to test new technologies, transactions, and innovative approaches to
overcome critical barriers to rural financial services
Develop training videos and manuals to leave behind after training.
TA - hold training classes in various regions for PFI staff
Establish network name and logo to be displayed at all PFIs.
Develop branding campaign for network promotion
Develop marketing deliverables, pamphlets, ads, websites etc.
Implement marketing and promotion
Event planning - PFI's and local media invited to create publicity.
Launch event commemoration.
Payment network becomes live & transactions begin to be authorized.
Help stabilize network by responding to support requests in timely manner
Follow industry
and regulations
in look
orderfor
to respond
external
factors
Closely
monitor trends
transaction
volumes and
trends totogive
insights
into how to increase
market volume
Introduce new products and services to network when appropriate to increase profitability
Review success of each product and make changes to increase efficiencies and transaction volumes
Have third party security review and penetration test
Manage knowledge
activities
to allowand
USAID
bureaus to(including
improve strategy,
Development
of tools,
technologies,
mediamissions
that will and
be employed
publications, listoperations,
and
results
for similar
activities
servers,
websites,
distance
learning
etc.
support
learning
activities
FO
resources
quick
financial
models
fortofield
officers
to complete
analysis of financial and
economicevents
returnsand
of training
businesses
Training
curricula to build knowledge and skills on best practices in project
and
activity
design
andloss
implementation
Research
study
of tail
insurance options and evidence of the impact of incentives on lending
levels. study identifying risks and potential mitigations strategies specific to new payment
Research
Market
demand for mobile money services as a public good investment for prospective
systemsresearch
and services
mobile service providers
Accelerate the adoption of mobile financial services and payment services
COMPONENT 2: REDUCING BARRIERS TO RURAL FINANCIAL SERVICES
Identify perceived high risk areas and issues that may be mitigated by DCA guarantees
Drive DCA utilization through provision of technical assistance
Monitor agreements
Support the loan origination process
Train credit officers in use of new products and technologies
Conduct site visits
Test new or improved products
Develop grant manuals and grant accounting systems
Phase 1: Design the Incentive Grant Fund and Challenge Grant Fund
Phase 2: Develop RFPs for each grant program
Phase 3: Issue RFPs, staggering the due dates among the various grant programs
Phase 4: Grant review committees consisting of Senior Grants Manager, Financial Environment
Specialist, Environmental Compliance Officer, and Accounting Manager review proposals and
issue grants
COMPONENT 3: MODERNIZING FINANCIAL ENVIRONMENT
Financial environment specialist and Asesoria y Gestion will meet with public and private
stakeholders and PFIs to review USAID proposed action plan and assess stakeholders' current reform
priorities
Identify gaps and weaknesses in legal, policy or regulatory environment that limits ability of PFIs to
provide services to MSMEs, unbanked rural poor, and agricultural sector in conjunction with
Asesoria y Gestion
Create RFS Policy Action Plan
Meeting with Stake Holders to incorporate comments and finalize the RFS Policy Action Plan
Technical assistance by project staff in conjunction with Asesoria y Gestion to assess required
regulatory changes to support new financial products
Modernization of the collateral registry system
Expand credit bureau operations to incude rural areas as part of financial services expansion

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Notes

Starts year one but is completed in year two

Starts year one but is completed in year two
Starts year one but is completed in year two

Modify the Agricultural Guarantee Fund to reflect the sector's risk

Assist Bancoldex, FINAGRO, and Findeter develop new medium and long term financial products
for PFIs
Promote DCA mechanism in public financial institutions in order to leverage funds for medium and
long term lending
Promote DCA mechanism in public and PFIs in order to gain access to capital markets
Develop capital markets instruments for medium and long term rural financing
Assist Public and PFIs to establish short and long term bonds, trusts, private equity securities, private
and public offerings of banks and microfinance NGOs
COMPONENT 4: LEARNING, KNOWLEDGE MANAGEMENT, AND
COMMUNICATIONS PROMOTED
Develop communications strategy
Test products
Develop and disseminate knowledge products to key stakeholders
Develop best practices and principles
Develop tools, technologies and media to support learning
Conduct research to promote innovation
Develop field officer resources
Design and deliver training
Host knowledge sharing events
Manage USAID knowledge activities