Call for Consultants
World Council of Credit Unions, Inc. (WOCCU)
Financial Product Design and Feasibility Assessment
Date of Publication: August 13th, 2025
Published By: World Council of Credit Unions, Inc.
Deadline to Submit Questions: August 26th, 2025, 5 pm EST
Submit Questions to: consult@woccu.org
Deadline to Submit Proposals: First submissions are due August 29th, 2025; no later than 5:00 pm EST, with additional submissions reviewed on a rolling basis for pending necessities
Submit Proposals to: consult@woccu.org
Subject: Financial Product Design and Feasibility Assessment
Background
The World Council of Credit Unions ("WOCCU") is the global apex association and development organization for the world's credit unions and financial cooperatives. WOCCU's financial inclusion programs reach rural and remote areas through its unparalleled global footprint - a network of over 74,000 institutions owned by 411 million members in 104 countries. The World Council engages in advocacy, development and education to champion and grow credit unions and cooperative finance worldwide, under the belief that all people should have access to affordable, reliable, and sustainable financial services.
WOCCU is providing capacity building to five Savings and Credit Cooperatives (SACCOs) in Kenya to develop innovative Kenya Climate Deposit products designed to mobilize diaspora savings for climate-resilient investments in Kenya while providing attractive returns to diaspora investors. This product aims to bridge the gap between diaspora communities' desire to contribute to their home country's development and the need for climate finance in Kenya's agricultural and renewable energy sectors among others.
Ensuring products are designed in line with market demand, financial feasibility and impact targets is critical to the success of the initiative.
Location
Kenya
Position Summary
WOCCU is seeking a short term consultant to design viable climate-focused financial products that are both attractive to diaspora SACCO members and feasible for SACCOs to offer, in alignment with climate finance and cooperative principles. The role will further involve supporting the SACCOs in assessing the financial feasibility of the proposed products.
Multiple consultancies are expected. Each consultancy is a minimum of 20 days of level of effort.
Responsibilities
- Using data from the market analyses in three diaspora countries and the institutional assessment of five SACCOs, propose the design of market responsive climate deposit products for SACCO members in the diaspora for each of five selected SACCOs using standard product design instruments such as 8P’s or similar.
- Engage actively with each SACCO to ensure that the product has buy-in and is appropriately tailored
- Assess the financial feasibility of each product, including scenarios of at least three key risks highlighted in the background information.
- Assess the climate impact and how the returns can be calculated and monitored.
- Hold a workshop with each SACCO to validate and finalize the product design
- As needed, engage with other technical providers within the context of the project, including digital and operations specialists.
- Finalize product and financial projections and leave a clear document and financial model for each SACCOs to use in design and testing.
- Develop product pitch materials for each of five SACCOs.
Deliverables
During the contractual period, WOCCU will request scopes of work that outline deliverables and level of effort (LOE).
|
September 2025 |
|
September 2025 |
|
September/October 2025 |
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October 2025 |
|
October 2025 |
Period of Performance
The services agreement will be eligible for up to 40 months. WOCCU will seek to award contracts by September 12, 2025.
Qualifications
Firm or individual with
- Minimum 7 years of experience inclusive finance focusing on financial product design, in particular with deposit products
- Experience with product design in diaspora markets strongly preferred.
- Demonstrated ability to simplify complex financial products for mass-market adoption
- Bachelor’s degree or higher in business, marketing or related field.
- Demonstrated success in designing financial products which have reached large scale
- Background in climate finance, green bonds, or impact investing preferred
Selection Criteria
Selection will be made on a best-value basis. The number of points assigned to each criterion represents its weight in the evaluation process. While service rates are required as part of the submission, they are not evaluated against the selection criteria requirements.
|
No. |
Requirements |
Weight |
|
1 |
Minimum of 7 years-experience inclusive finance focusing on financial product design, in particular with deposit products |
35 |
|
2 |
Demonstrated success simplifying complex financial products for mass-market adoption and reaching large-scale uptake; experience with diaspora markets strongly preferred |
40 |
|
3 |
Bachelor’s degree or higher in business, marketing, or related field; background in climate finance, green bonds, or impact investing preferred |
25 |
|
|
Total |
100 |
Submission Requirements
Qualified candidates must submit the following information per the instructions below. Only complete applications will be considered:
- Understanding of the scope of work (maximum of three pages)
- A CV and cover letter that detail candidates relevant work experience and qualifications.
- If the applicant is a business entity, please submit a presentation of company qualifications and the CVs of the proposed consultants.
- Candidate’s cover letter must be maximum of three pages, and include:
- Address the responsibilities and qualifications within this posting
- Relevant experience
- Proposed daily and hourly rate in USD
- Three professional references: name, phone(s), and email
Should your application be selected for consideration, WOCCU will contact the references provided within the submission. Applications missing references, will have the opportunity to provide references on a case-by-case basis.
Submission Instructions
Application materials should be submitted via email with the subject line “WOCCU_ Financial Product Design and Feasibility Assessment_2025” to consult@woccu.org. Bidders must include all relevant materials within their proposals. Failure to do so may result in the disqualification of your proposal.
Deadline to Submit Questions: August 26, 2025, 5pm EST
Deadline to Submit Application: August 29, 2025; 5pm EST
Disclaimer
This bid solicitation in no way obligates the World Council of Credit Unions to award a contract, nor does it commit the World Council of Credit Unions to pay any costs incurred in the preparation and submission of the application. World Council of Credit Unions reserves the right to vary any part of this bid solicitation at the time of award if it becomes necessary. World Council of Credit Unions may cancel this solicitation or may reject any and all responses received. The issuance of this solicitation does not constitute award commitment by the World Council of Credit Unions.