The creation of AFR was based on the premise that a sound and growing financial sector is essential to underpinning Rwanda’s ambitious development targets. During its first five years of operation (2010-2015), AFR in partnership with different institutions implemented interventions that enabled close to 1,000,000 Rwandans to access and use financial services and during the second phase (2016-2020) AFR in partnership with the public and private sector implemented interventions that enabled around 2.5 M Rwandans to access and use financial services.


  • Promote Financial Inclusion for Smallholder Farmers in Saving Groups(SGs)
  • Establishment of Agricultural Credit Units in Financial Institutions
  • Dairy Value Chain Financing Support Project
  • Increasing working capital lending through innovative technology “Access to Finance for the Coffee Sector”
  • Support to the Credit Reference Bureau
  • Digitisation of Savings Groups
  • Agency Banking Intervention Support
  • Research
  • Policy


Key micro-level achievements have included:

  • Promoting innovative approaches to finance agriculture. These include warehouse receipt financing system, a guarantee scheme for maize cooperatives, weather index insurance and unlocking finance for coffee wet mills through use of technology in partnership with coffee exporters;
  • Supporting financial institutions to set up specialised agriculture finance units;
  • Promoting the use of pro-poor methodologies (e.g. savings led methodologies like Village Savings and Loans Associations) to reach the most excluded;
  • Setting up and operationalising the Microfinance Challenge Fund;
  • Supporting the management and expansion of agency banking;
  • Promoting financial inclusion for the youth through financial education and mobilise financial services;
  • Facilitating payments of tea small holder farmers in partnership with SACCO and TIGO.

Key meso-level achievements have included:

  • Developed financial education curriculum and supported its integration into the primary and secondary school curriculum;
  • Partnered with the Microfinance, Insurance and Bankers associations to promote the development of the financial sector;
  • Institutional capacity building of financial institutions to improve their operational and management systems;
  • Umurenge -SACCO automatisation and capacity building on management and governance.

At the macro level, AFR  supported the development of key government policies and strategies as follows :

  • National Microfinance Strategy;
  • National Financial Education Strategy;
  • Alignment of the Financial Sector Development Programme II (FSDP II) with the Economic Development and Poverty Reduction Strategy (EDPRS) Format;
  • FinScope survey for 2008 and 2012,
  • National Rural Agricultural Financial Service Strategy;
  • Feasibility study on Crop Yield and Livestock Insurance;
  • Understanding the demand and supply of refinancing in Rwanda;
  • National Electronic Payments Strategy;
  • Development of interoperability policy and guidelines;
  • Assessment of the feasibility of informal pensions;
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