Enhancing Financial Inclusion in Kuwait
Budget: $30 – $250 USD
I am seeking an expert to create a compelling business case (4-5 slides PPT + 5-year financial projections with calculations in excel) aimed at enhancing financial inclusion for low-income workers in Kuwait. This business case should persuade a bank in Kuwait of the imperative and benefits of this initiative. Create a presentation and business case with below:
Market analysis: Identify the Size and growth of the unbanked and underbanked population in Kuwait (blue collars and domestic workers; use real figures from PACI to calculate the market size). You can assume the minimum wage as the average domestic worker salary (e.g., KD130-200) and blue collar (e.g., KD300-500). The growth depends on household growth and economic growth (Use PACI for household growth).
Competitor Analysis: Evaluate global and regional examples of how banks and FinTech have served the unbaked and underbanked. Identify learnings from benchmark and options for the bank evaluating pros and cons of each option.
Financial analysis: Based on your analysis of the above, recommend an option for the bank to serve the unbanked and underbanked. Develop a 5-year financial analysis projections highlighting revenue streams and costs.
(Hint; revenue from blue collar workers is typically based on international money transfers and deposits. For money transfer assume FX of 0.08% on transaction amount and Fee of 1 KD per transaction. For deposits assume an interest margin of 3%)
• Cost to Acquire: 4 KD
• Annual cost to serve: 2 KD
State all other assumptions used in business case such number of workers that will enroll with the bank, number of transactions annually, growth of customer base, etc.
Desirable Skills and Experience:
- Strong understanding of the financial landscape in Kuwait
- Proficiency in banking, microfinance and inclusion strategies
- Previous experience in creating persuasive business cases
A notable part of the business case will be your expert opinion and suggestion on what specific financial service should be enhanced for this group (e.g. access to microcredit, financial education, savings programs).
The output should be 4 to 5 slides presentation in PPT along with working calculations in excel
I look forward to your insightful input.
Market analysis: Identify the Size and growth of the unbanked and underbanked population in Kuwait (blue collars and domestic workers; use real figures from PACI to calculate the market size). You can assume the minimum wage as the average domestic worker salary (e.g., KD130-200) and blue collar (e.g., KD300-500). The growth depends on household growth and economic growth (Use PACI for household growth).
Competitor Analysis: Evaluate global and regional examples of how banks and FinTech have served the unbaked and underbanked. Identify learnings from benchmark and options for the bank evaluating pros and cons of each option.
Financial analysis: Based on your analysis of the above, recommend an option for the bank to serve the unbanked and underbanked. Develop a 5-year financial analysis projections highlighting revenue streams and costs.
(Hint; revenue from blue collar workers is typically based on international money transfers and deposits. For money transfer assume FX of 0.08% on transaction amount and Fee of 1 KD per transaction. For deposits assume an interest margin of 3%)
• Cost to Acquire: 4 KD
• Annual cost to serve: 2 KD
State all other assumptions used in business case such number of workers that will enroll with the bank, number of transactions annually, growth of customer base, etc.
Desirable Skills and Experience:
- Strong understanding of the financial landscape in Kuwait
- Proficiency in banking, microfinance and inclusion strategies
- Previous experience in creating persuasive business cases
A notable part of the business case will be your expert opinion and suggestion on what specific financial service should be enhanced for this group (e.g. access to microcredit, financial education, savings programs).
The output should be 4 to 5 slides presentation in PPT along with working calculations in excel
I look forward to your insightful input.