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RML

RML. PROFILE 2005. RML. Map of Rwanda. Background. Privately owned company by local and international shareholders of good repute including an institutional investor. Incorporated in May 2004 and operational by October of 2004.

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RML

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  1. RML PROFILE 2005 RML

  2. Map of Rwanda

  3. Background • Privately owned company by local and international shareholders of good repute including an institutional investor. • Incorporated in May 2004 and operational by October of 2004. • Licensed by the Banque Nationale du Rwanda (BNR) as a credit only institution.

  4. Vision To be an industry leader in the provision of profitable and sustainable credit and financial services to lower income salaried individuals and entrepreneurs in Rwanda

  5. Mission Improve the livelihoods of its clients through the provision of efficient customer focused financial services while earning an above the average return for its shareholders and creating a rewarding and stimulating working environment for its employees

  6. Objectives of RMFinance • To be a leading provider of commercial microfinance services to lower income individuals and micro-corporates / small entrepreneurs in Rwanda. • To build a substantial and profitable portfolio and client base while enhancing the livelihoods and businesses of our clients. • To be an employer of choice creating exciting and rewarding career prospects for all RML staff • To contribute to the growth and development of the Rwandan economy

  7. PRODUCTS - LOANS • Payroll – targets low income earners that are not being served by the traditional financial institutions • Loan size (affordability) 25,000 – 2,000,000 • Loan Term Up to 12 months • Repayment Frequency Monthly • Micro Corporate– its individual based and targets borrowers with some form of security like personal or business assets • Loan size (Capacity to pay) 200,000 – 2,000,000 • Loan Term Up to 6 months • Repayment Frequency Monthly, Bi-weekly, Weekly

  8. Accessing a Payroll Loan • Employer must have signed an MoU • Present Pay slip • Passport photo • Copy of ID • Fill out application form • 6 hours later, receive loan. (Assumes that your application is complete and conforms to Policy)

  9. Accessing a MCC Loan • In business for at least 1 year • Present a Patent or (Copy Business Registration) • Same business location for last 6 months • Copy of ID and 2 Passport size photos • Bank statement where applicable (of Advantage) • Fill out application form • Business Appraisal • 3 – 5 days later, receive loan. (Assumes that your application is complete and conforms to Policy)

  10. SECURITY/COLLATERAL REQUIREMENTS • Personal Property – Fridge, TV/Video, Music Systems • Business Assets – Sewing Machine, Computers, Lock-ups • Copy of Motor Vehicle Log Book • House Title (ALL MUST BE NOTARISED)

  11. Key Performance Statistics

  12. Future Plans • New Products • Group lending methodology • Current Savings Accounts • Catalogue based lending • New branches to serve the unbanked economically active population

  13. Future Plans • New Products • Group lending methodology • Current Savings Accounts • Catalogue based lending • New branches to serve the unbanked economically active population • Institutional Needs • Funding for loan portfolio growth • Capacity building – training and infrastructure

  14. THANK YOU

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