Development and Employment Fund (DEF): Needs Assessment for Financing, training and Technical Assistance to Support Micro Finance in Jordan

Enhancing Islamic finance through capacity building of DEF

Description

Objective:

  • Enhancing Islamic finance through the capacity building of DEF, national micro finance institutions, selected cooperatives, charitable voluntary organizations as well as institutions working in the Zakat and Waqf.

Specific Objective:

  • Providing consulting services for the preparation of needs assessment studies for beneficiaries, definition of the micro finance best practices in terms of services, technologies and systems, training on Islamic micro finance practices along with the preparation of complete manuals of procedures, upgrading MIS and accounting system to absorb all various methods of Islamic micro finance.

Services

Result 1: Preparation of project action Plan.

  • Developing an action plan to support the implementation of an Islamic Finance program, based on fully compliant financial services.
  • Studying all project documents.
  • Gap Analysis between the target situation and the current situation.

Result 2: in the field of strategy

  • Developing a Strategic plan for DEF to ensure its performance according to Islamic Micro Finance best practices including monitoring and evaluation tools.

Result 3: in the field of operations 

  • Enhancing DEF operations on basis of demand driven Islamic microfinance supported by managerial and financial tools adequate for the clients.

Result 4: in the field of knowledge management

  • Equipping DEF with adequate hardware, software to support fully the operation and monitoring of a sharia compliant Islamic microfinance service.

Result 5: in the field of Finance, M&E and financial management

  • Enhancing DEF operations to operate an integrated information management system to track and monitor in an effective way its financial and organizational performance.

Result 6: Capacity Building of DEF

  • Enhancing DEF employees’ knowledge, skills and attitude to operate in an effective way a high impact Islamic microfinance service.

Result 7: Project Management

  • Delivering Project results in a smooth and timely manner to meet DEF and the stakeholders’ expectations.
  • Providing technical assistance to DEF
  • Establishing Project Management Unit 
  • Preparation, implementation of mid term review
  • Preparation, implementation final evaluation
  • Developing manual for project management