FAQs

Non-financial institutions, such as start-ups/fintechs, especially those with demonstrated experience in developing supply chain financing solutions, are encouraged to apply. However, while a non-financial institution may apply on its own at the EOI stage, if shortlisted for the Request for Proposal (RFP) stage, they will be required to apply as a consortium with a financial institution. A letter of intent from the financial institution will be required as part of the proposal. The lead partner in this case will be the financial institution. 

International non-financial institutions with demonstrated experience and expertise in supply chain/distributor financing may apply for ICF5. While they may apply on their own at the EOI stage, if shortlisted for the Request for Proposal (RFP) stage, they will be required to apply as a consortium with a domestic financial institution. A letter of intent from the financial institution will be required as part of the proposal. The lead partner in this case will be the financial institution.

A local financial institution licensed to operate in Pakistan may apply on its own or in a consortium. In case of the consortium, the Lead Partner for Karandaaz will be the financial institution.

Karandaaz will provide grant funds for model development, and for operationalizing and implementing the project, as well as for testing the solution.

ICF5 is expected to run from November 2020 to August 2022. 

Please see EOI Guidelines for details.