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AB Bank Rwanda

Sector: Commercial • Location: Rwanda

Source: International Finance Corporation (IFC)

Project
Active

The proposed project consists of an equity investment and a local currency loan to support the creation and expansion of a microfinance bank in Rwanda, AB Bank Rwanda Limited (ABR). ABR will be a greenfield microfinance bank sponsored by Access Microfinance Holding AG (AccessHolding), an investment company, and LFS Financial Systems, an associated German consulting firm with recognized expertise i

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Project Information

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The project “AB Bank Rwanda” is an infrastructure initiative in the Commercial sector, located in Rwanda. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Description

Description

The proposed project consists of an equity investment and a local currency loan to support the creation and expansion of a microfinance bank in Rwanda, AB Bank Rwanda Limited (ABR). ABR will be a greenfield microfinance bank sponsored by Access Microfinance Holding AG (AccessHolding), an investment company, and LFS Financial Systems, an associated German consulting firm with recognized expertise in microfinance. The Bank will specialize in providing a broad range of financial services to urban and semi-urban micro, small and medium enterprises (MSMEs) as well as low income individuals in Rwanda. It is expected that after five years the Bank will have ten branches, a loan portfolio of US$32 million, comprising over 25,000 customers.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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