IT Consultant (FOR HMF PROJECT) at International Finance Corporation (IFC)

IT Consultant (FOR HMF PROJECT)
IT Consultant (FOR HMF PROJECT) at International Finance Corporation (IFC) May 2024
The Role
IT Consultant for HMF project Project Background and objectives
The
International Finance Corporation (“IFC”), the private sector arm of
the World Bank Group (“WBG”), fosters sustainable economic growth in
developing countries by financing private sector investment, mobilizing
private capital in local and international financial markets, and
providing advisory and risk mitigation services to businesses and
governments. Private sector financial development is essential to the
promotion of successful and sustainable economies in low- and
middle-income countries around the world. Sound and efficient financial
markets can ensure that resources are allocated where they are most
productive, assisting job creation and spurring economic growth.

The
Financial Institution Group (“FIG”) at IFC has three main objectives:
1) financial inclusion 2) servicing the real economy and 3) mobilizing
third-party resources. Through the financial inclusion initiatives, IFC
helps to increase the availability and affordability of financial
services both for corporate entities and individuals. Our priorities
are, inter alia, to strengthen bank and non-bank financial institutions,
develop financial infrastructure, and improve the legal as well as
regulatory framework.

One the of IFC’s global initiatives
associated with increasing financial inclusion is focused on improving
access to housing finance for low-income people. Housing is a basic
human need. Adequate shelter is central to
improving the lives of people and is positively correlated with wealth
creation, higher educational attainment, and overall social stability.
Yet lack of adequate housing is one of the biggest challenges facing
Africa today

A substantial number of people in the low-income
segment in Africa and in many other regions live in single-family
houses. These houses are in poor condition, but people cannot afford to
purchase new houses due to their limited income. Therefore, they improve
existing houses (change or mend roofs, floors, doors, etc.), extend
their houses, add new rooms, or incrementally build new houses
step-by-step. In most cases they either build houses themselves or hire
semi-qualified labor. They sometimes borrow for that purpose from
Microfinance Institutions (MFIs), including SACCOs, Community Banks,
Non-Deposit Taking Institutions, Microfinance Banks, Commercial Banks,
etc.

Since most homeowners are not experts in construction, they
need to get not only money to improve, extend or incrementally build
their houses but also construction technical assistance (CTA) enabling
them to do it properly. Such CTA may include preparation of Bills of
Quantities (BOQs) and drawings, advice on technology, on selection of
good quality construction materials and on implementation of the works.

To
assist with the above, IFC is introducing an innovative Housing
Microfinance (HMF) lending product combining provision of money
(financial services) with CTA (non-financial services) to support
lending for home improvement/extension/ construction.

To avoid
extra costs the CTA is provided by loan officers operating CTA tools
developed by IFC. The key CTA tool is a software package that enables
tailoring specific features of the house of a particular client (size of
the building, roof height, window/door sizes, finishing, etc.) and
prepares a bill of quantities for the works that the client intends to
implement and the major relevant drawings. The tool is applicable only
for home typical for low-income people and is modelled on typical
structures used by the low-income people in the country (ie, single
floor, quadrangular, etc). It is easy for loan officers who do not have
architectural or engineering education to operate CTA tools.

IFC has developed and piloted CTA tools under the HMF product that was successfully introduced in Kyrgyzstan.

Assignment objective
Housing
Finance which is a part of the FIG Advisory Services (AS) is seeking to
recruit a Short-Term Consultant (STC) to adapt the CTA tools Software
to specifics of Tanzania. SCOPE OF WORK The Project is procuring
services of an individual Consultant to amend the tools software
addressing minor issues identified during the pilot in Kyrgyzstan, work
with a Tanzanian architect to adapt the tools to address Tanzanian
specifics (building codes and norms, materials, architectural
solutions), coordinate with IT specialists of local financial
institutions while piloting the introduction of the tools. Deliverables
/Specific Outputs Expected from Consultant

The Consultants will
work with IFC staff and other consultants and implement the following:
Review and provide recommendations for the amendment of the existing CTA
tools to address the issues identified in the Kyrgyzstan pilot.
Convert
typical designs of low-income segment Tanzanian houses (in cooperation
with the consultant architect/engineer) into the CTA tools software
models enabling users to prepare bills of quantities and drawings for
low-income clients.
Coordinate with the IT specialists of local
financial institutions on integrating the client-server architecture of
the software tool into the financial institution’s IT system.

LEVEL OF EFFORT
The
level of effort for this assignment is up to a maximum of 150 days. Any
expenses such as flights, per diem, hotel, visa fee, transportation to
and from airport and clients will be covered by IFC and reimbursed upon
the submission of the receipts.

COPYRIGHT
The
deliverables and other creative work of the Consultant called for by
this Project, including all written, graphic, audio, visual and any
other materials, contributions, applicable work product and production
elements contained therein whether on paper, disk, tape digital file or
any other media, (the Deliverable Work) is being specially commissioned
as work for hire in accordance with the copyright laws of the United
States. IFC is the proprietor of the Deliverable Work from the time of
its creation and own all rights, title and interest therein throughout
the work including, without limitation, the copyright and, all related
rights.

To the extent that it is determined that the Deliverable
Work does not qualify as a work made for hire within the meaning of the
copyright laws of the United States, then the firm hereby irrevocably
transfers and assigns to IFC all of its right, title and interest,
throughout the work and in perpetuity, in and to the Deliverable Work,
including without limitation all of its right, title and interest in
copyright and related rights free of any claim by firm or any other
person or entity.
Go to our Homepage To Get Relevant Information.

All
intellectual property rights arising from the execution of these Terms
of Reference are assigned to IFC. The contents of written materials
obtained, used or created in this assignment may not be disclosed to any
third parties without the expressed advance written authorization of
IFC.
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Ideal Profile

• Bachelor’s or Master’s Degree in software engineering or related disciplines;
• A minimum of 5+ years of experience in software development.
• Experience with software development for Financial Institution.
• Skills/experience in software development for architectural design (CAD tools) is a big plus
• Excellent communication skills, both written and oral in English;
• Ability to work under limited supervision at most stages;
• Knowledge of CTA software developed for HMF in Kyrgyzstan is a strong plus
• Knowledge of Russian or Kyrgyz language is a plus.

MODE OF APPLICATION: