The purpose of the life project is to improve economic opportunities and livelihoods of low income individuals and microenterprises by expanding and strengthening microfinance associations and…

Ended Definitive Contract Awarded Last action

Contract number
AID268C1600002
Awardee
Awarding agency
Obligated
$20,372,053

Award facts

Opportunity
Contract value 100% obligated
$20,372,053.00 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 4 offers Negotiated Proposal / Quote
Pricing
Cost Plus Fixed Fee
Place of performance
Lebanon

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Other Administrative Action 12 · The purpose of this modification is to update the contracting officer and the contracting officers representative in the global acquisition and assistance… $0
Other Administrative Action 11 · Admin MOD to life program. The purpose of administrative modification number P011 is to: 1.realign the current budget 2.update sections B, C, F, H and I $0
Funding Only Action 10 · The purpose of this modification is to incrementally fund the life project with $5,424,693. This action will fully fund the activity including both options. The… $5,424,693
Funding Only Action 9 · The purpose of this modification is to execute option 1 of the life contract, which increases the TEC from $14,792,533 to $17,964,604, and to incrementally fund… $3,182,902
Change Order 8 · Livelihoods and inclusive finance expansion project(LIFE). $0
Funding Only Action 7 · Livelihoods and inclusive finance expansion project(LIFE): this is to correct funding error occurred in may 2018. $3,675,000
Funding Only Action 6 · Livelihoods and inclusive finance expansion project(LIFE): this is to incrementally fund the project $2,027,845
Other Administrative Action 5 $0
Other Administrative Action 4 · Livelihoods and inclusive finance expansion project(LIFE) $0
Funding Only Action 3 -$963,387
Funding Only Action 2 · The purpose of this modification is to incrementally fund the project by $ 3,675,000 $3,675,000
Other Administrative Action 1 · The purpose of this modification # 1 is to change the issuing office from egypt to lebanon $0
Original award $3,350,000
Show all 13

About this award

Written by GovTribe AI ·

This is a $20,372,053 definitive contract awarded by USAID to Palladium International LLC to implement the LIFE (Livelihoods and Inclusive Finance Expansion) project in Lebanon. The purpose of the project is to improve economic opportunities and livelihoods of low-income individuals and microenterprises by strengthening microfinance associations, enhancing entrepreneurs' business skills, and advancing financial inclusion. The contract has no set-aside designation. Major subcontractors include InfoPro, Enclude, SEEP Network, and Atethemis Inc. The LIFE project will build on the previous Lebanon Investment in Microfinance (LIM) program and aims to consolidate gains and expand inclusive finance to the unbanked and higher-risk micro-business clientele. This contract aligns with USAID's focus on livelihoods, microfinance, and financial inclusion as part of its broader international development efforts.

Description

As the agency reported it.

The purpose of the life project is to improve economic opportunities and livelihoods of low income individuals and microenterprises by expanding and strengthening microfinance associations and member institutions services and enhancing entrepreneurs business skills. To this end life will improve livelihoods strengthen microfinance activities and advance inclusive finance. Inclusive finance also referred to as financial inclusion is defined as universal access to a broad range of financial services at a reasonable cost provided by a diversity of sound and sustainable institutions. Life will consolidate the gains made under the lebanon investment in microfinance program LIM and expand inclusive finance to the unbanked and higher-risk micro business clientele.

Quick answers

Who was awarded contract AID268C1600002?

AID268C1600002 was awarded to Palladium International LLC by US Mission in Lebanon (Overseas Missions) on September 30, 2016.

How much is contract AID268C1600002 worth?

The government has obligated $20,372,053 on AID268C1600002.

Was contract AID268C1600002 competed?

The extent of competition for AID268C1600002 was full and open competition. The government received 4 offers.

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