AMIR, SEEP and Mastercard in partnership to promote transparency in microfinance sector
An initiative that seeks to enhance consumer protection and promote responsible financing has been launched in Kigali. The second phase of the Responsible Finance through Local Leadership and Learning programme also seeks to promote financial transparency in the microfinance industry.
It is being implemented by the Association of Microfinance Institutions in Rwanda (AMIR) in partnership with the Small Enterprise Education and Promotion (SEEP) Network, and Mastercard Foundation.
The four-year programme, that runs from this year through 2020, is designed to boost access to financial services and help reduce poverty levels in the country, Eric Rwigamba, the director general for financial sector development at the Ministry of Finance and Economic Planning, said during the launch on Monday.
It is expected to build on, and consolidate achievements of the initial phase of the programme that ran from 2012–2016.
Speaking at the launch, John Peter Rwema, the AMIR executive director, said the $3.9 million programme will help enhance efforts geared at strengthening governance and transparency in the sector. It targets to sensitise over two million microfinance institution customers and other stakeholders about consumer protection principles, he added.
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