Tinyuka wigire Munyarwandakazi is a financial product for women with lower income earnings aged between 18-45 years that was initiated by SBFIC in collaboration with AMIR.
The objective of this product is to improve well being of low-income women through creating easy access to financial services and this enables them to access loans without physical collateral assets and instills financial discipline through conditional savings.
The product is implemented through training of MFIs/SACCO managers and staff, as well as including local authorities in order to support the sensitization process.
MFIs in partnership with local authorities identify low income women and sensitize them to work with MFIs.
Convinced women then open an account as an individual or group ; They are then encouraged by MFI to start savings. Later they can request for loans in groups or as individual without physical collateral and after that follow up trainings on loan management are conducted for those women.
7-member institutions of AMIR started the pilot phase in July,2017 with the target to have 200 new women as best savers and 50 good borrowers in one year each and the pilot phase came to its end in August 2018 with 6 institutions that had implemented the product successfully,2315 accounts were opened by women after the implementation with 161,043,394 RWF as savings and 132,117,500 RWF as loans disbursed.
After the implementation of this product, success stories kept rising.
According to Uwamahoro Gaudence from Musanze district, she started using this product by saving 100 Rwf and today she saves 5000 Rwf per week.
Nyirahabineza Christine from Musanze district as well first stepped in SACCO thanks to Tinyuka wigire Munyarwandakazi.
Mary Lambasha, Kimisagara SACCO manager describes Tinyuka wigire Munyarwandakazi as “THE PRIDE OF WOMEN”.
• RIM Kibungo
• SACCO Kagano
• SACCO Kimisagara
• SACCO Umutuzo
• SACCO Rugerero
• SACCO Gahini ;
Since the pilot phase was a success, more MFIs will be involved in the next phase as different MFIs requested it on behalf of their clients.