Closing
date: 22 Jun 2015
date: 22 Jun 2015
he
BIFSIR (Building an Inclusive Financial Sector in Rwanda) Programme was
developed within the strategic framework of the National Microfinance Strategy
and aims to contribute to poverty reduc
BIFSIR (Building an Inclusive Financial Sector in Rwanda) Programme was
developed within the strategic framework of the National Microfinance Strategy
and aims to contribute to poverty reduc
tion and the achievement of the
Millennium Development Goals (MDGs) by promoting inclusive finance and
entrepreneurship in Rwanda. Its specific objective was to contribute to
capacity building of the various stakeholders at the macro, meso, micro and
client levels, with a view to supporting the development of sustainable, high
quality and diverse financial and entrepreneurship building services. These
capacity building services were meant to be accessible to less advantaged
Rwandans, both in rural and in urban areas, and to contribute to the
improvement of their economic and social status.
The
results of BIFSR were categorised per sector level support ( Macro, Meso,
Micro, and Client): Macro level: Supported the coordination and the regulatory
framework of the financial sector, with a view to promoting financial inclusion
in Rwanda; Meso level: Contributed to capacity building and to the
consolidation of the microfinance sector , and developed the financial
infrastructure in order to support the sustainability of inclusive financial
services; Micro level: Supported the professionalization of MFIs and encouraged
innovations that promote sustainable access to financial services; Client
level: Built the capacity of women and youth to manage MSEs (micro & small
enterprises) and gained access to financial services. Programme Management:
Ensured programme monitoring and evaluations are conducted efficiently.
results of BIFSR were categorised per sector level support ( Macro, Meso,
Micro, and Client): Macro level: Supported the coordination and the regulatory
framework of the financial sector, with a view to promoting financial inclusion
in Rwanda; Meso level: Contributed to capacity building and to the
consolidation of the microfinance sector , and developed the financial
infrastructure in order to support the sustainability of inclusive financial
services; Micro level: Supported the professionalization of MFIs and encouraged
innovations that promote sustainable access to financial services; Client
level: Built the capacity of women and youth to manage MSEs (micro & small
enterprises) and gained access to financial services. Programme Management:
Ensured programme monitoring and evaluations are conducted efficiently.
Under
the leadership of the Ministry of Finance and Economic Planning (MINECOFIN),
BIFSIR’s key partners included government ministries and agencies (MINECOFIN
MINICOM), National Bank of Rwanda, Rwanda Cooperative Agency (RCA) and private
sector players like, the Association of Microfinance Institutions ( AMIR),
Microfinance Institutions (MFIs), Saving and Credit Cooperatives (SACCOs) and
individual clients with the main target being youth and women.
the leadership of the Ministry of Finance and Economic Planning (MINECOFIN),
BIFSIR’s key partners included government ministries and agencies (MINECOFIN
MINICOM), National Bank of Rwanda, Rwanda Cooperative Agency (RCA) and private
sector players like, the Association of Microfinance Institutions ( AMIR),
Microfinance Institutions (MFIs), Saving and Credit Cooperatives (SACCOs) and
individual clients with the main target being youth and women.
Since
2010 to date, BIFSIR has provided funding to MINECOFIN and central bank
technical teams to access trainings related to financial inclusion, supported
the central bank to establish a unit in charge of U-SACCO supervision, and
provided technical support related to the organisation of financial sector
working groups. The project has also provided capacity building support to 416
U-SACCOs in form of systems development, equipments provision and operations
manual harmonisation. Also, 2 local refinancing agencies received funding to
provide refinancing facility to 35 MFIs and 10 SACCOs and 2 MFIs (Urwego Opportunity
Bank (UOB) and Umutanguha Finance Ltd (UF were funded to develop mobile banking
and agent banking product respectively. The capacity of AMIR to support and
coordinate Microfinance Institutions (MFIs) was improvded through BIFSIR
support. AMIR was supported to develop an MSE leading product and 10 MFIs are
undergoing mentorship process. Further, at the micro level, UOB, UF, RIM, and
Parlement de Jeunes Rwandais (PAJER) were supported by BIFSIR to reach 33,851
new clients, 21,088 people in 758 villages saving groups were linked to
financial service providers, 20,998 women led MSEs were able to access
credit,186,974 women accessed saving facilities.
2010 to date, BIFSIR has provided funding to MINECOFIN and central bank
technical teams to access trainings related to financial inclusion, supported
the central bank to establish a unit in charge of U-SACCO supervision, and
provided technical support related to the organisation of financial sector
working groups. The project has also provided capacity building support to 416
U-SACCOs in form of systems development, equipments provision and operations
manual harmonisation. Also, 2 local refinancing agencies received funding to
provide refinancing facility to 35 MFIs and 10 SACCOs and 2 MFIs (Urwego Opportunity
Bank (UOB) and Umutanguha Finance Ltd (UF were funded to develop mobile banking
and agent banking product respectively. The capacity of AMIR to support and
coordinate Microfinance Institutions (MFIs) was improvded through BIFSIR
support. AMIR was supported to develop an MSE leading product and 10 MFIs are
undergoing mentorship process. Further, at the micro level, UOB, UF, RIM, and
Parlement de Jeunes Rwandais (PAJER) were supported by BIFSIR to reach 33,851
new clients, 21,088 people in 758 villages saving groups were linked to
financial service providers, 20,998 women led MSEs were able to access
credit,186,974 women accessed saving facilities.
At
the client level, BIFSIR supported the Ministry of Trade and Industry (MINICOM)
to promote entrepreneurships among young Rwandans by providing the basic
vocational, entrepreneurship trainings and helping them to access to financial
services. Through BIFSIR support 1,500 people (39% women) were enabled to start
their own small business.
the client level, BIFSIR supported the Ministry of Trade and Industry (MINICOM)
to promote entrepreneurships among young Rwandans by providing the basic
vocational, entrepreneurship trainings and helping them to access to financial
services. Through BIFSIR support 1,500 people (39% women) were enabled to start
their own small business.
Project
budget: Spanning a period of 4 years from 2010 to 2015, BIFSIR was jointly
funded by UNDP (US$2,000,000), UNCDF (US$2,425,000), One UN Fund (US$373,606)
and Republic of Korea-UNDP MDG Trust Fund (US$2,239,758).
budget: Spanning a period of 4 years from 2010 to 2015, BIFSIR was jointly
funded by UNDP (US$2,000,000), UNCDF (US$2,425,000), One UN Fund (US$373,606)
and Republic of Korea-UNDP MDG Trust Fund (US$2,239,758).
In
addition to the BIFSIR programme, UNCDF has been implementing 2 other
programmes since 2008. The first one, MicroLead focuses on financial inclusion
through savings and supported the establishment of an Equity Banksubsidiary in
Rwanda and is currently supporting the consolidation of Umurenge SACCOS. The
second one, YouthStart supported Umutanguha Finance to provide access to
finance to 35,000 young people of which 53% are young women.
addition to the BIFSIR programme, UNCDF has been implementing 2 other
programmes since 2008. The first one, MicroLead focuses on financial inclusion
through savings and supported the establishment of an Equity Banksubsidiary in
Rwanda and is currently supporting the consolidation of Umurenge SACCOS. The
second one, YouthStart supported Umutanguha Finance to provide access to
finance to 35,000 young people of which 53% are young women.
UNCDF
in partnership with UNDP is now looking to develop the continuation of the
successful BIFSIR programme integrating best practices and lessons learned from
BIFSIR phase one, MicroLead and YouthStart. The programme will also build upon
best practices and lessons learned from other UNCDF programmes such as Mobile
Money for the Poor, agri-finance and micro-Insurance. In addition, the new
programme will focus on responding to government priorities in the area of
financial inclusion and entrepreneurship skill promotion as highlighted in
EDPRS II and FSDP II. The United Nations’ priority areas related to the access
to finance and entrepreneurship promotion which are laid out in UNDAP 2013-2018
will provide an important basis to the new programme.
in partnership with UNDP is now looking to develop the continuation of the
successful BIFSIR programme integrating best practices and lessons learned from
BIFSIR phase one, MicroLead and YouthStart. The programme will also build upon
best practices and lessons learned from other UNCDF programmes such as Mobile
Money for the Poor, agri-finance and micro-Insurance. In addition, the new
programme will focus on responding to government priorities in the area of
financial inclusion and entrepreneurship skill promotion as highlighted in
EDPRS II and FSDP II. The United Nations’ priority areas related to the access
to finance and entrepreneurship promotion which are laid out in UNDAP 2013-2018
will provide an important basis to the new programme.
Objectives
of the Assignment
of the Assignment
UNDP
in partnership with UNCDF are looking for a technical writer to develop the
concept note and subsequent programme document for BIFSIR Phase II.
in partnership with UNCDF are looking for a technical writer to develop the
concept note and subsequent programme document for BIFSIR Phase II.
To
apply, please visit: http://jobs.undp.org/cj_view_job.cfm?cur_job_id=57258
apply, please visit: http://jobs.undp.org/cj_view_job.cfm?cur_job_id=57258
