UNCDF accepting Applications for Innovative Digital Solutions for the Resilience of MSMEs in the COVID-19 Context in Senegal

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Deadline: 30 April 2020

The United Nations Capital Development Fund (UNCDF) is accepting applications for the Innovative Digital Solutions for the Resilience of MSMEs in the COVID-19 Context in Senegal.

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In line with the coordinated efforts of the United Nations to respond to the COVID-19 pandemic, UNCDF supports LDCs and other countries in need through its primary mandate to build and leverage stable and resilient local economies. a range of technical skills and investment instruments to reduce and limit the economic and social difficulties of communities in poverty.

UNCDF covers three main areas of work: (1) developing and financing inclusive digital economies through a market development approach, largely driven by digital finance and innovation; (2) financing local development through fiscal decentralization (including local financing for adaptation to climate change), municipal financing and financing of structured projects, to stimulate market transformation in economic development local; and (3) the financing of investments, to stimulate the transformation of the market in the “missing medium”, including investments, “due diligence”,

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In the COVID-19 context, and in a period of uncertainty as to the duration and extent of containment measures, UNCDF is pleased to collaborate with private sector actors in Senegal , by leveraging the power of digital technologies to help MSMEs to:

Streamline their existing distribution channels;
Optimize their inventory management;
Create online and home distribution channels;
Integrate digital payments; and
Leverage other digital solutions and applications for greater efficiency and revenue generation.
Solutions

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The following non-exhaustive list of solutions corresponds to the objective of this Call for Proposals:

Online shops for MSMEs (transition to electronic commerce);
Home delivery services for MSMEs;
Digital platform to provide instant credit lines to mobile financial agents, super agents and others;
Cash-in / cash-out services at home;
Electronic presale vouchers for MSMEs;
Assistance to MSMEs to accept electronic money (transition to digital merchants);
Mobile income protection insurance for MSMEs; and
Electronic salary payments
Funding Information

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The financial assistance will reach a maximum of 100,000 USD and will be eligible to cover the following costs:
Project management cost for a dedicated project manager within the organization (compulsory)
Communication / marketing to MSMEs selected for the project (mandatory)
Additional operational costs for the implementation of the proposed project
The maximum project completion date is December 31, 2020.
Eligibility Criteria

In accordance with the priority area of application, the applicant must be properly constituted and registered in Senegal;
The applicant must operate in Senegal for at least one year;
Applicants must have at least one Minimum Viable Product (MVP) or a fully fledged product on the market that resolves the problem statement;
The candidate must have audited financial statements for at least the last year;
Not be in a state of repair or have been subject to bankruptcy, liquidation, legal settlement, safeguard, cessation of activity or any other similar situation resulting from ‘a similar procedure;
Not appear on the UN financial sanctions list, in particular in the fight against the financing of terrorism and against threats to peace and international security;
Have fulfilled obligations relating to the payment of social security contributions or obligations relating to the payment of taxes in accordance with the legal provisions in force in Senegal;
The products to be delivered, as well as all the related correspondence exchanged by the organization and UNCDF, must be written in French.

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For more information, visit https://www.uncdf.org/article/5563/rfa-solutions-numriques-innovantes-pour-la-rsilience-des-mpme-dans-le-contexte-covid-19-au-sngal