Answer to Question Submitted
1. Section IV(7) states that the loan consultant must demonstrate, among other things “healthy finances which can be assessed through audited financial records, asset base, available capital for lending, risk (equity) capital, and any other relevant information.” This reads as though the consultant must have the ability to make a loan. Is this correct?
The scope of work for this engagement does not require that the consultant make direct loans to Eligible Borrowers; UMEZ is the administrator and direct lender of the Loan Fund. However, because the consultant will partner with UMEZ to design and implement the loan process, as set forth in Section III (Description of Needed Services), we seek a consultant with experience in both underwriting and disbursing loans similar to those to be made to Eligible Borrowers of the Loan Fund.