Finance growth and jobs

Strengthening AMIR capacity to sustainably
Support Non Umurenge SACCO


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.

Project overview/Key highlights:

Project name Automation of Non-Umurenge Savings and Credit Cooperatives (SACCOs) & Microfinance Institutions (MFIs) to improve effeciences in provision of financial services to low income people.
Implementing partners Cooperative de solidarite des theiculteurs cyohoha-Rukeri (CSTCR), Pfunda Tea Farmers SACCO, Amizero SACCO Gisakura, Gatare Tea farmers SACCO, COOPEC ITI, CSPKI, COOPEC ZAMUKA, CT Nyamagabe, CT Rusizi, COOPEC Shagasha, MTG-ISHEMA MULINDI SACCO
Project period Feb 2017– June 2020


To build the capacity of four SACCOs staff and leaders to improve efficiencies in the disbursement of Greenleaf payments to smallholder tea farmers.
Develop/ improve six financial products ( savings and loans);
To support the installation of a Shared Core Banking system
At least 70 SACCO staff trained on capacity building – product development, marketing, Governance, etc
55,000 new clients reached for all the11 SACCOs (40% being women)
60% of SACCO members subscribe for usage of mobile financial services.
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