Strengthening AMIR capacity to sustainably Support Non Umurenge SACCO
Project objective:
Since the formation of Umurenge SACCOs in 2009, financial inclusion in Rwanda considerably increased from 48% in 2008 to 89% in 2016 and 93% in 2020 (Finescope Survey 2020).
However, despite their valuable contribution to the financial infrastructure, SACCOs still operate manually making them less efficient, uncompetitive and unsustainable, but also are prone to errors and fraud.
During phase one , AFR supported three Tea SACCOs to automate their operations and the results were impressive.In 2017, there was a scale up project to additional four Tea SACCOs and recently the AFR investment committee approved the support to additional five insitutions totaling to 11 institutions.
