On-Lending Window (OLW) Lead Millenium Challenge Account-II Phase Project At Development Aid

Vacancy Announcement MCA-II Phase Project

The Millennium Challenge Corporation (MCC) is a U.S. government corporation established in 2004. Its mission is to provide assistance that will support inclusive and sustainable economic growth and poverty reduction in carefully selected developing countries that demonstrate a commitment to just and democratic governance, economic freedom, and investments in their citizenry.

In December 2018, MCC’s Board of Directors selected Indonesia as eligible to develop a second compact. The compact agreement will be valid for a period of five years. MCC’s work with Indonesia on the second compact is currently in the pre-implementation preparation stage, prior to “Entry-Into-Force” (EIF) of the compact agreement at which time the five-year implementation period begins. The Government of Indonesia is in the process of establishing an implementation entity, called the Millennium Challenge Account – Indonesia II (MCA-Indonesia II or “MCA”), to act as a designee in supervising and managing the implementation of the five-year MCC Compact Program in Indonesia.

The MCC Indonesia Compact is designed to improve the country’s transport and logistics infrastructure, developing high-quality, climate-conscious transportation infrastructure in five provinces while increasing access to finance for micro-, small, and medium-sized enterprises (MSMEs).

On behalf of MCA-Indonesia II, we are seeking talented, highly qualified, and experienced Individual Consultants to take part in these interesting and challenging consulting services as:

On-Lending Window (OLW) Lead Millenium Challenge Account-II Phase Project

Reporting to the DED of MSME Finance, the On-lending Window Lead will oversee the implementation of MCA-II’s MSME Finance on-lending grant program for MSMEs within the target provinces. MCC Funding will be used to create a revolving fund to be administered by the OLW administrator under certain conditions. Financial Service Providers (FSPs) will apply for funding from the OLW upon successfully satisfying certain criteria, which includes the requirement for the MSME borrowers to operate within the Target Provinces. Loans to selected FSPs (the “Partner FSPs”) from this revolving fund will be repayable to the revolving fund. The OLW administrator will then continue to use the repayments from the Partner FSPs to the revolving fund to continue to make similar loans until the funds are completely exhausted. The goal of the OLW is to help financial service providers to offer increased financing to MSMEs thereby increasing access to finance for growth oriented MSMEs throughout the Target Provinces.

Job Responsibilities

• Oversee the administration of the On-Lending Window sub-activity ensuring adherence to program design.
• Coordinate required support and resources for the OLW administrator.
• Support and contribute to the ongoing definition and development of OLW strategies and expansion.
• Coordinate with other MCA staff and contractors in delivery of digital/financial literacy training and MSME capacity enhancement services.
• Communicate progress and learnings from the OLW activity to colleagues and the wider development community.
• Prepare, review, and oversee of workplans for MCA
• Prepare procurement actions for and management of contractors for MCA.
• Assist in quarterly disbursement request packages for MCA.
• Prepare lessons learned from compact development and implementation.
• Coordinate with other MCA staff related to monitoring and evaluation, gender & social inclusion and other activities.