Our client is looking to engage a mentor for one of its member organizations that runs a Business Correspondent Model for financial inclusion. The vision for the enterprise is to increase the financial inclusion of rural populations, by being banking correspondents or extension of the banking system in the existing states.
The mentor is intended to work with the organization in its journey to scale up its business in the existing states, increase average incomes for its network of financial agents and achieve sustainability as a business. Their growth vision includes the goal of promoting women’s entrepreneurship, by ensuring that at least 70% of the agents working with them are women.
1. Guiding the development of a business plan which will help them achieve profitability.
2. Mentoring the team in implementing the business plan.
3. Tapping more business opportunities (both: financial, like links to more banks/NBFCs where they can become a BC, and non-financial, like tickets, govt scheme linkages, etc.)
4. Helping make the business correspondence model a success in the existing geography and explore the complete potential of the existing business.
This is envisioned as a two-year mentorship program, wherein the mentor gives 1/2 day per week or 2 days a month. The mentor is expected to make at least one visit to Uttarakhand and Punjab to understand the local context and meet the team.