Rwanda Microfinance Company PLC was launched in June 2019. It provides inclusive financial services to people living in poverty, with a strong focus on women living in rural and hard-to-reach areas. At present, 55 branches have been established in 18 districts of the country.
OUR MISSION
Our mission is to provide a range of financial services responsibly to people at the bottom of the pyramid. We particularly focus on women living in poverty in rural and hard-to-reach areas, to create self employment opportunities, build financial resilience, and harness women’s entrepreneurial spirit by empowering them economically.
Our reach
borrowers
savers
clients are women
disbursed in loans
*As at March 2023
Our products
Our approach
Socially driven
To create a positive impact in the lives of our clients is our only bottom line. We deliver financial services in a way that is transparent, fair, and safe, adhering to the Universal Standards for Social Performance Management and the Client Protection Principles, placing clients’ well-being at the center of everything we do to achieve our mission.
Socially driven
Inclusive financial services
We offer inclusive, accessible, and convenient loan and savings products tailored to the needs of the local community, including women, smallholder farmers and small business owners. We complement these services with financial literacy training, enabling borrowers to make informed financial decisions.
Inclusive financial services
Empowering women
When women have control of their finances, they are more likely to invest in family needs, such as health care, nutrition, and education for their children. We primarily focus on women, enabling them to become financially resilient and improve the quality of life of their families.
Empowering women
Digital innovation
The client value proposition is at the core of our digital transformation efforts, with a particular emphasis on reducing the gap in women’s digital financial inclusion. We are embracing financial technology by digitising field operations to increase operational efficiency and offer greater convenience to our clients.
Digital innovation
Our Impact
Microfinance, responsibly delivered, is a powerful tool to increase the inherent resilience and economic empowerment of people living in poverty.
We believe that we can achieve sustainable impact at scale by listening and learning directly from the people we aim to serve.
We conducted our first baseline impact assessments in 2020 using Lean Data℠ methodology on five social outcome focus areas of BRAC International Microfinance: quality of life, financial resilience, women’s economic empowerment, self-employment and livelihood opportunities, and household welfare. This regular annual exercise complements our Social Performance Management and Client Protection initiatives, and enables us to set targets and define strategies to reach more people living in poverty to achieve long-term impact.
The third impact survey was completed in 2022 using Lean Data℠. All respondents were women.
Highlights from 2022 Impact Survey
Highlights from 2022 Impact Survey
- 95% of clients said that quality of life had improved after engaging with BRAC
- 94% of clients earned more
- 71% of clients contributed more to important household decisions
- 96% of clients saved more
- 92% of clients planned their finances better
BRAC’s loans have helped me to improve my business and support my family. I can see hope for the future. Both of my children are now going to school and they make me very proud as a mother.
– Niragire Athanasie
Partners
COUNTRY LEADERSHIP TEAM
Contact us
BRAC Rwanda Microfinance Company PLC
KG 385 Street
House 360, Kagugu, Gasabo
P.O. Box: 6500
Kigali, Rwanda
M: +250 789358909