Automation of Non-Umurenge SACCOs and Micro Finance Institutions (MFIs)
Automation of Non-Umurenge SACCOs and Micro Finance Institutions (MFIs) Through partial funding by AFR, the Association of Microfinance Institutions in Rwanda (AMIR) is developing a shared IT platform, to support the automation of MFIs and non U-SACCOs. The funds will support AMIR to buy six servers for the installation of the Core Banking System.
In particular, AFR has extended a grant to improve service provision and delivery of five Tea SACCOS through automation of their operational and management systems. This project is a scale up of the automation of three Tea SACCOs in the program’s first phase.
The implementation of such a project is because the Central Bank of Rwanda (BNR) is requesting all the financial institutions (MFIs, SACCOs) to be automated. The shared platform will allow more SACCOs to be automated in a cost-effective manner. In addition, the platform will facilitate integration with e-payment channels such as Mobile Money services, Post of Sale and electronic cards. This will promote and enhance usage and adoption of formal financial services by low income people; hence increasing financial inclusion in the country.