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Germany - Business and management consultancy services - 10009293 - Development of inclusive financial services and products

Original Germany - Business and management consultancy services - 10009293-Development of inclusive financial services and products

Open Contract notice 24 days left
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Deadline 20 Oct. If it moves, an email when the register sees it. A correction: the same email. Your plan: decide by 6 Oct, questions by 6 Oct, draft by 13 Oct. Log in

  1. Published
  2. Today
  3. Deadline open for 33 days
  4. Awarded pending

The Aperlena Verdict

Open race

No supplier dominates: 32 different companies have won the last 40 comparable contracts from this buyer over 5 years. This is a genuinely open race.

Based on 40 comparable awards by this buyer in this sector over 5 years. Every verdict is recorded before the outcome and graded against the award notice. How we score ourselves.

Summary

Machine-generated summary

GIZ, implementing the BMZ and EU co-financed ProDIGI project (Promoting Employment in the Digital and Green Economy in Iraq), is procuring consultancy services to develop inclusive financial services and products in Iraq, covering central and southern Iraq and the Kurdistan Region. The contractor will support Output 3 on financial inclusion, working with banks, microfinance institutions, digital payment companies, fintechs and government lending programmes. Services include needs assessments, hands-on advisory, staff training, product design support and pilot testing to reach women-led small businesses, rural communities, displaced people and young green and tech entrepreneurs, building lasting capacity within institutions.

Description

Iraq faces a persistent gap between its people and the financial system. Banks have long leaned on large state-owned institutions, credit has flowed mainly to established borrowers, and micro and small businesses along with women entrepreneurs and displaced communities have been largely left out. ProDIGI project, full name Promoting Employment in the Digital and Green Economy in Iraq, is trying to change that in a practical, grounded way. ProDIGI is a multi-donor initiative commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ), co-financed by the European Union, and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The project covers central and southern Iraq as well as the Kurdistan Region, with a focus on areas where joblessness, displacement, and limited access to services overlap. Within the project, Output 3 targets the financial inclusion side of the challenge. The starting point is a clear-eyed look at what the sector lacks: financial service providers that are capable, willing, and equipped to design products that fit the people they are supposed to serve. Banks and microfinance institutions in Iraq today mostly offer standardised products with high collateral requirements and limited digital capabilities. Reaching women led small businesses, rural communities, or young entrepreneurs running green or tech ventures requires a different kind of product, and often a different kind of institution. To bridge that gap, the project works directly with Iraqi financial service providers: banks, microfinance institutions, digital payment companies, fintechs, and government lending programmes. The approach combines needs assessments, hands-on advisory services, staff training, product design support, and pilot testing. The goal is not to deliver a finished product from outside, but to build the knowledge and process capacity within each institution so that change remains after the project ends. By the close of the assignment, at least three new or significantly adapted financial products must be in place, and these products must be actively reaching real users at a minimum of 950 individuals and 50 companies. The work also emphasises gender equality: women-led businesses are a priority target group, and all capacity-building activities must include a meaningful share of women participants. The broader context matters too. Iraq's Central Bank launched the national financial inclusion strategy that encourages digital payments, SME lending, and consumer protection improvements. ProDIGI project aligns directly with those priorities, making it both a practical intervention at the level of individual institutions and a contribution to the country's wider financial sector development. The selected firm will work directly with three to five financial service providers (FSPs) operating in Iraq. These may include commercial banks, microfinance institutions, digital payment providers, fintechs, and government lending schemes. GIZ will have pre-selected up to two FSPs before the contract starts, so work can begin without delay. The remaining FSPs will be selected by the contractor and GIZ jointly, based on agreed criteria. The assignment is structured around three work packages. The first covers the selection and appraisal of partner FSPs. The contractor will conduct an institutional diagnostic for each FSP, reviewing their current product offering, business model, lending processes, digital infrastructure, client outreach capacity, and staff skills. Based on that analysis, a cooperation agreement will be signed with each FSP, along with a detailed work plan laying out what the collaboration will achieve and by when. This phase should be completed within the first three months. The second work package is where the core technical work happens. The contractor will support FSPs in designing or adapting financial products that genuinely respond to the needs of target groups, particularly women-led businesses, rural borrowers, and MSME clients who currently lack access to suitable financing. The process follows a structured product development methodology: from prototype design, through pilot testing, to assessment and refinement, and finally roll-out. Alongside the product work, the contractor will help FSPs develop marketing materials and outreach strategies, adjust internal procedures and manuals, and train front-line staff such as loan officers and branch managers. At least three financial product prototypes must be developed by the fifth to seventh month, piloted by month eight, and formally adopted with updated manuals by month ten. The third work package covers cross-cutting contributions: occasional training inputs for financial sector stakeholders such as the Central Bank of Iraq and sector associations; support for GIZ's monitoring and evaluation activities; and at least three public communication outputs, case studies, blog posts, fact sheets, or similar, documenting the work done with each FSP.

Official source

Source: TED - Tenders Electronic Daily (Publications Office of the EU)

Always verify details on the official notice.

Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 1 day ago

View the official notice

More from this buyer

Full buyer profile

102 open tenders right now

Who usually wins this buyer's contracts in this sector

Company Wins Total awarded Last win
GFA Consulting Group GmbH 5 €804,320 Aug 2026
GOPA Consultants 4 €1.9M Jun 2026
CEFE Formation & Certification 2 €273,485 Jul 2026
Luvent Consulting 1 €2.5M Jan 2026
Bidding consortium Luvent Consulting GmbH (leading) / Chemonics International, Inc. 1 €1.8M Jul 2026

Based on 40 awards with a linked company profile over the last 5 years.

What this buyer has paid before

Based on 16 comparable contracts this buyer awarded in this sector over the last 4 years.

€313,396
Lower quartile
€898,523
Median award
€1.7M
Upper quartile

Most recent awards

Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.

Similar tenders

Market context

Avg. open tender · Business services
€23,674,335
5,880 open across Europe right now
Buyer track record on Aperlena
495 notices tracked · 213 awarded
€59,661,166 in awarded contracts

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