MFI ReportPartnerships
| Name | Relationship |
|---|---|
| BNR | Regulation |
| Fern Software | Vendor |
-
2.1 million2,859751.6131,610.32.6 million3,101
Mission:
The Mission is to 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.
The Vision of RML is ... Read more
The Vision of RML is ... Read more
The Mission is to 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.
The Vision of RML is 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. Hide
The Vision of RML is 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. Hide
Background and Main Challenges:
RML was incorporated in May 2004, licensed by the Central Bank - Banque National Rwandaise (BNR) - to conduct credit only micro finance in September 2004 and advanced its first loan in October 2004. In the fifteen months from
October 2004 to December 2005, RML has achieved the following:
Read more
October 2004 to December 2005, RML has achieved the following:
Read more
RML was incorporated in May 2004, licensed by the Central Bank - Banque National Rwandaise (BNR) - to conduct credit only micro finance in September 2004 and advanced its first loan in October 2004. In the fifteen months from
October 2004 to December 2005, RML has achieved the following:
· Been profitable since March 2005 (the sixth month of operation)
· Built a loan portfolio of approximately $400,000 with almost 800 active clients
· Opened a second branch in Kigali
· Launched two micro-finance loan products, viz. payroll for salaried individuals and micro-corporate credit for small businesses
· Created 9 direct jobs within Rwanda. The company is unable to quantify the number of jobs created indirectly from its activities.
The biggest challenge RML is facing today is that of funding. As a a start up very few banks or funders are willing to work with RML. Credit goes to UML, BCR, Deutsche Bank, Stromme Micrfinance and ACCION that have started building a relationship. RML invites other interested parties to join RML in making a difference in the lives of the people of Rwanda. Hide
October 2004 to December 2005, RML has achieved the following:
· Been profitable since March 2005 (the sixth month of operation)
· Built a loan portfolio of approximately $400,000 with almost 800 active clients
· Opened a second branch in Kigali
· Launched two micro-finance loan products, viz. payroll for salaried individuals and micro-corporate credit for small businesses
· Created 9 direct jobs within Rwanda. The company is unable to quantify the number of jobs created indirectly from its activities.
The biggest challenge RML is facing today is that of funding. As a a start up very few banks or funders are willing to work with RML. Credit goes to UML, BCR, Deutsche Bank, Stromme Micrfinance and ACCION that have started building a relationship. RML invites other interested parties to join RML in making a difference in the lives of the people of Rwanda. Hide
Address:
Albert Supply House
Commercial Street
Kigali
RWANDA
BP 6839
Rwanda
Phone:
+250 501 127
Email:
info [at] rml [dot] co [dot] rw
Website:
Main Funding Sources:
Loans
Shareholder Capital
Products and Services:
Loans
Looking for (Investment Types):
Loans in Local Currency
Capacity Building Grants
Date established:
Jan 1 2004
FYE:
31-Dec
Current Legal Status:
NBFI
Regulated:
no
Partnerships
| Name | Relationship |
|---|---|
| BNR | Regulation |
| Fern Software | Vendor |
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Peter Patel OchienghsManaging directorpochienghs [at] rml [dot] co [dot] rw+250 501 127
