The Students’ Loan Bureau wishes to advise that the loan application period has been further extended from June 30, 2020 to August 31, 2020.

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Consultancy Services

Students’ Loan Bureau - Jamaica
Consultancy Services to Conduct a Study to Advise on Improving the Long-term Sustainability
of the Students’ Loan Bureau

REQUEST FOR EXPRESSIONS OF INTEREST

The Students' Loan Bureau, Jamaica (SLB) has received financing from the Caribbean Development Bank (CDB) to assist the Students’ Loan Bureau (SLB) in the financing of subloans for students pursuing tertiary level courses, as well as to assist the SLB in financing the cost of conducting a study in the form of a Diagnostic Review of its operations and intends to apply a portion of the proceeds of this financing to eligible payments under a contract for which this invitation is issued. Payments by CDB will be made only at the request of SLB and upon approval by CDB, and will be subject in all respects to the terms and conditions of the Financing Agreement. The Financing Agreement prohibits withdrawal from the financing account for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of CDB, is prohibited by a decision
of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations. No party other than SLB shall derive any rights from the Financing Agreement or have any claim to the proceeds of the Financing.

SLB now wishes to procure consultancy services to undertake a study to advise on improving the long-term sustainability of the Students' Loan Bureau

The objective of the consultancy is to advise on a long-term strategy for SLB to conduct its lending operations through a Diagnostic Review of its operations with particular emphasis on improving its long-term viability and sustainability

The duration of the assignment is expected to be for a period of six (6) months.

SLB now invites interested eligible consulting firms to submit Expressions of Interest for the provision of these consultancy services

Consultants shall be eligible to participate if:

  (a)   in the case of a body corporate, it is legally incorporated or otherwise organised in an
         eligible country, has its principal place of business in an eligible country and is more
         than 50 per cent beneficially-owned by citizen(s) and/or bona fide resident(s) of eligible
         country(ies) or by a body(ies) corporate meeting these requirements;

  (b)   in the case of unincorporated firms, the persons are citizens or bona fide residents of an
         eligible country; and

  (c)   in all cases, the consultant has no arrangement and undertakes not to make any
         arrangements, whereby any substantial part of the net profits or other tangible benefits
         of the contract will accrue or be paid to a person not a citizen or bona fide resident
         of an eligible country.

Eligible countries are member countries of CDB. The attention of interested Consultants is drawn to paragraph 1.9 of CDB’s Guidelines for the Selection and Engagement of Consultants (2011), setting forth CDB’s policy on conflict of interest.

The Consultancy Firm must demonstrate familiarity with the operations of development financial institutions and knowledge of student loans schemes. Principal qualifications and experience required to conduct the assignment include:

  (a)   at least the following requisite qualifications and experience are required:

         (i)      In-depth knowledge of economics, finance, banking operations, procedures,
                  relevant laws and policies governing credit programmes;

         (ii)      In-depth experience in market research, trend analysis, and development of
                  strategic plans; and

         (iii)      In-depth knowledge of financial institutions, corporate governance, financial
                    modelling, student loan programmes, and experience in research and
                   organisation planning design and policy development.

  (b)   experience in the management of similar projects would be an asset; and

  (c)   resources with excellent written and verbal communication skills.

All information must be submitted in English. Four (4) hard copies of the Expressions of
Interest must be received at the first address below no later than November 13, 2015 at
2:00 P.M (Jamaican Time) and one (1) hard copy must be sent simultaneously to CDB
at the second address below. The sealed envelope containing each submission should
include the name and address of the applicant and shall be clearly marked
“Expression of Interest – Consultancy Services to Perform a Study to Advise on Improving the Long-term Sustainability of the Students’ Loan Bureau.”

In the assessment of submissions, consideration will be given to technical competence,
qualifications and experience, local and regional experience on similar assignments, financial
capability and existing commitments. Following the assessment of submissions, a shortlist of
not less than three and not more than six firms with representation from at least two member
countries, and at least one firm from a developing country, unless no qualified firm from
developing countries could be identified. Short-listed firms will be provided with full terms of
reference, and invited to submit technical and financial proposals to undertake the assignment.
The short list will comprise consultants of the same category with similar business objectives,
corporate capacity, experience and field of experts, and that have undertaken assignments of
a similar nature and complexity.

SLB reserves the right to accept or reject late applications or to cancel the present invitation
partially or in its entirety. It will not be bound to assign any reason for not short-listing any
applicant and will not defray any costs incurred by any applicant in the preparation and
submission of Expressions of Interest. Further information may be obtained from the first
address below between 9:00 a.m. and 4:00 p.m. hours Monday to Friday.

1: The Procurement Officer
    Students' Loan Bureau
    1st & 2nd Floor
    Sagicor Sigma Building
    63-67 Knutsford Boulevard
    Kingston 5
    Jamaica, W.I
    Tel: (876) 936-4491
    Email: procurement@slbja.com

2:         The Operations Officer, PSDU
            Caribbean Development Bank
            P.O. Box 408
            Wildey, St. Michael
            Barbados, W. I.
            BB11000
            Tel: (246) 431-1600/
            Direct: (246) 431-1790
            Email: jonest@caribank.org

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