AMIR – SBFIC set to tackle collateral related problems for the sake of women
One of the major challenges preventing women from accessing and benefiting from financial services across Rwanda is the lack of collateral, i.e. movables and immovables (buildings or land). This month, AMIR and SBFIC organized a workshop meeting with 6 AMIR member MFIs/SACCOs aimed at developing a new financial product for women to be piloted in the selected financial institutions: RIM Kibungo, and four SACCOs – Kimisagara, Rugerero, Umutuzo, Base, Development Vision, Gahini.
The 6 MFIs/SACCO representatives took the lead in developing and designing a needs based financial product for women, encouraging savings and easing access to loans, the former being the collateral to the later.