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Activity

Notes

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 contractsEmployment 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 OmnitempusOmnitempus to provide personnel security training

COMPONENT 1: IMPROVING RURAL FINANCIAL INTERMEDIATION

Sub-Result 1.1 At least 300,000 New Clients Se rved

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 Rura l 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 PFISupport 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 promotionDevelop marketing deliverables, pamphlets, ads, websites etc.Implement marketing and promotion

Event planning - PFI's and local media invited to create publicity. Starts year one but is completed in year two

Launch event commemoration. Starts year one but is completed in year twoPayment network becomes live & transactions begin to be authorized. Starts year one but is completed in year two

Help stabilize network by responding to support requests in timely manner

Follow industry trends and regulations in order to respond to external factors

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 allow USAID missions and bureaus to improve strategy,

servers, websites, distance learning etc. to support learning activities

economic returns of businesses

and activity design and implementation

levels.

systems 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 programsPhase 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

Initial 12 Month Workplan USAID Colombia RFS

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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 PROMOTEDDevelop 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 innovationDevelop field officer resources

Design and deliver training

Host knowledge sharing events

Manage USAID knowledge activities