RML

PROFILE 2005

RML

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Map of Rwanda

Simply Faster Credit

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.

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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

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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

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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

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PRODUCTS - LOANS Payroll – targets low income earners that are

not being served by the traditional financial institutions

1. Loan size (affordability) 25,000 – 2,000,0002. Loan Term Up to 12 months3. Repayment Frequency Monthly

Micro Corporate – its individual based and targets borrowers with some form of security like personal or business assets

1. Loan size (Capacity to pay) 200,000 – 2,000,0002. Loan Term Up to 6 months3. Repayment Frequency Monthly, Bi-weekly, Weekly

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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)

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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)

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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)

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Key Performance Statistics Details December-04 December-05 March-06

Loan Portfolio Outstdg (US$)

239,492 386,760 435,478

No. of Active Borrowers

416 872 949

Portfolio at Risk Ratio

0% 25% 18%

Disbursements (Volume) (US$)

260,521 663,718 231,648

Disbursements (No.)

416 1,102 315

No of Staff 4 9 9

No. of Credit Officers

2 5 4

No of Service Centres

1 1 1

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Future Plans

New Products Group lending methodology Current Savings Accounts Catalogue based lending New branches to serve the

unbanked economically active population

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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

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