Action Finance Initiative (AFI) is a civil non-profitable company, operating in Greece since 2014, and founded by ActionAid Hellas and ADIE, a French microcredit institution with over 25 years of experience. Currently, its main activities are:

• Provide access to micro-loans up to €12,500 to its target population, mainly the unemployed and micro-entrepreneurs, who are excluded from the mainstream banking system,
• Support entrepreneurs before, during and after the creation of their enterprise in order to ensure its sustainability and development,
• Advocate for a more suitable fiscal and institutional environment for microcredit and entrepreneurship to flourish.

In light of a forthcoming new legal framework that will formally establish and regulate microfinance for the first time in Greece, AFI needs to assess the market size, to segment the market, to identify its target groups, and its needs for financial and non-financial microfinance products, to propose a new product line, to recommend a business model and to prepare a financial plan to depict its capital needs and sustainability. Given that the new law will come into effect most probably till 2020, AFI opened this call for expression in order to prepare itself for the imminent changes.

The purpose of this call is to investigate, assess and design the financial and structural position and offering of AFI in the next 3 years. For detailed information and application, please consult the Terms of Reference for this call.