EXPRESSION OF INTEREST (EOI)/REQUEST FOR PROPOSAL (RFP) (Implementation of Youth Credit Initiative (YouthCred))

Ref: PRO/YIP/CON/2025/001

1. INTRODUCTION

The Nigerian Consumer Credit Corporation (CREDICORP) is a Development Finance

Institution established by the Federal Government of Nigeria to democratize access to

consumer credit for the nation's working population. It aims to accelerate consumer credit

access to 50% of economically active Nigerians by 2030 by removing structural and market

barriers and catalyzing the industry with capital, guarantees, and policy.

PROJECT DESCRIPTION

Implementation of Youth Credit Initiative (YouthCred)

2. PROJECT BACKGROUND

The Youth Credit Initiative is a transformative program by CREDICORP aimed at empowering Nigerian youth through financial literacy, access to affordable credit, and the development of robust credit infrastructure. The initiative will commence with the NYSC IGNITE Program, which targets over 400,000 Corps Members annually, equipping them with financial tools to thrive as future economic contributors.

3. SCOPE OF WORK

The Proposed competent and capable Technology and Education Partners on

‘YOUTHCRED’ shall carry out the following:

a. Loan Management:

• Develop streamlined loan application and approval processes tailored to different

  youth segments.

• Manage disbursements based on eligibility and performance in financial literacy

  programs.

• Implement repayment mechanisms suited to various youth categories, including

  automated deductions for salaried individuals.

b. Data Collection and Analysis:

• Create and manage a centralized platform to capture data on loan disbursement,

  repayment, and financial behaviors.

• Generate reports to inform credit scoring system development and refine program

  delivery.

c. Monitoring and Reporting:

• Track program progress and deliver periodic reports, including metrics on financial

  literacy outcomes, loan performance, and beneficiary impact.

d. Credit Education Delivery:

• Design interactive and engaging training modules on borrowing, budgeting,

  repayment, and credit scoring.

• Organize large-scale training sessions, starting with NYSC orientation camps under

  the IGNITE Program and expanding to other youth-focused events.

• Provide digital tools to enhance learning outcomes.

e. Stakeholder Coordination:

• Collaborate with NYSC and other youth-focused organizations to ensure smooth

  access to beneficiaries.

• Engage community and business leaders to enhance program reach.

4. ELIGIBILITY CRITERIA

Interested firms shall submit the following minimum verifiable requirements to be eligible for

contract consideration:

• Evidence of Certificate of Incorporation with the Corporate Affairs Commission

  (CAC) including Form CAC 2 and CAC 7.

• Evidence of Company Income Tax Clearance Certificate for the last three (3)

  years. (2021, 2022 & 2023) valid till 31st December, 2024.

• Evidence of Current Pension Compliance Certificate valid till 31st December,

  2024.

• Evidence of Current Industrial Training Fund (ITF) Compliance Certificate

  valid till 31st December, 2024.

• Evidence of Current Nigerian Social Insurance Trust Fund (NSITF) compliance

  Certificate valid till 31st December, 2024;

• Evidence of Registration with the National Database of Federal Contractors,

  Consultants and Service providers by submission of Interim Registration

  Report (IRR) or valid Certificate issued by Bureau of Public Procurement.

• Sworn affidavit disclosing that the Bidder is neither in receivership nor a

  subject of insolvency/bankruptcy/winding up proceedings.

• Company Audited Statement of Accounts for the last three (3) years (2021,

  2022 & 2023)

• Evidence of Financial Capability to execute the project by submission of

  reference letter from a reputable Commercial Bank indicating willingness to

  provide credit facility for the execution of the project when needed.

• Company’s Profile, including current evidence of registration of both the

  company and key personnel with relevant professional bodies.

• Verifiable documentary evidence of at least three (3) similar jobs executed in

  the last five (5) years including Letters of Award, Valuation Certificates, Job

  Completion Certificates and Photographs of the Projects where applicable.

• Consent to allow for Verification of all the documents submitted including

  CAC,Federal Inland Revenue, Pension & Industrial Training Fund and

  Company’s financial standing with bankers.

• For Joint Venture/Partnership, Memorandum of Understanding (MoU)

  should be provided (CAC, Tax Clearance Certificate, Pension Compliance

  Certificate, ITF Compliance Certificate, NSITF Compliance Certificate, IRR &

  Sworn Affidavit are compulsory for each JV partner).

• All documents for submission must be transmitted with Covering/Forwarding

  letter under the Company/Firm’s Letter Head Paper bearing amongst others,

  the Registration Number(RC) as issued by the Corporate Affairs Commission

  (CAC), Contact Address, Telephone Number (preferably GSM No),and e-mail

  address. The Letterhead Paper must bear the Names and Nationalities of the

  Directors of the Company at the bottom of the page duly signed by the

  authorized officer of the firm.

  
  

5. SUBMISSION OF EOI DOCUMENTS /RFP

The Submission of EOI/Request for Proposal can be submitted via Credicorp EOI

Portal or via e-mail in a PDF file format.

6. OPENING OF EOI AND RFQ

The EOI documents and RFQ shall be opened immediately after the deadlines for submissions at 12:00 noon on Friday, 2nd of May, 2025.

7. GENERAL INFROMATION

• Request for Proposals must be in English Language and signed by an official

  authorised by the bidder.

• Request for Proposals shall not be accepted after the deadline.

• The CREDICORP is neither committed nor obliged to shortlist any Firm;

• The CREDICORP will only recognize and correspond with only authorised

  officers of the Tendering Companies and NOT through individuals or agents

  acting on their behalf.

• This advertisement for invitation shall neither be construed as a commitment

  on the part of the CREDICORP nor shall it entitle any contract to make any

  claims whatsoever and /or seek any indemnity from the CREDICORP.

• Tendering with false document is an offence, which will lead to disqualification

  and prosecution.

• CREDICORP is not bound to pre-qualify/shortlist any firm and reserves the

  right to annul the Procurement Process at any time without incurring any

  liabilities in accordance with Section 28 of the Public Procurement Act 2007.

For inquiries and submission, please contact:

Telephone - 09088758476

email - enquiries@credicorp.ng

Signed

Management CREDICORP