About the Challenge

Distributors face working capital deficiencies and extended cash conversion cycles, which have been exacerbated further as a result of Covid-19. Manufacturers face high costs due to an inability to convert receivables into cash on time. Distributor Financing can partially bridge the credit gap faced by SMEs through instantaneous financing, relying on Supply Chain relationships.

Karandaaz seeks to disrupt the status quo by facilitating innovative and technology driven approaches to providing high quality, low risk financing to small distributors who tend to go underserved by traditional lenders.

What we are looking for

We are inviting Local Financial Institutions, Fintechs, Advisory and Research Firms, Data Analytics Firms, and international organizations of a similar nature, in partnership with Local Financial Institutions to participate in this round to develop and test path-breaking financing models for small distributors in Pakistan.

Challenge Funding

Karandaaz will be providing grant funds for development, operationalization and testing of the Small Distributor Financing solution.

How to Participate

Applicants are requested to complete the EOI form by clicking on the apply button below. EOI forms must be submitted by 5:00PM on 30th November, 2020 (Pakistan Standard Time). EOIs submitted after the deadline will not be considered for shortlisting. All queries must be sent to ichallenge@karandaaz.com.pk no later than 26th November, 2020.

Please read detailed EOI Guidelines before applying.

Timeline

November

0
Call for EOIs

November

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EOI Application Deadline

December

0
Notification to shortlisted applicants

January

0
Submission of Detailed Business Plan (5:00PM)

January

0
Presentation of Business Plan

January

0
Inform Applicants of Final Decision

Note: These dates are tentative and subject to change. 

Applicants must read EOI GUIDELINES before applying.

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