Survey Conducted to Understand the Impact of COVID-19 on MFIs and SACCOs in Rwanda 

Access to Finance Rwanda (AFR) in partnership with the Association of Microfinance Institutions in Rwanda (AMIR) recently conducted a survey to understand the impact and challenges faced by the microfinance sector due to the COVID-19 pandemic. A total of 177 microfinance institutions responded to the survey, which aims to provide key information to inform stakeholders and policymakers on ways to provide support to the sector. The survey revealed various mitigation measures implemented by the sector to stay afloat during the pandemic; however, the sector needs external support to meet a variety of needs going forward. These include the urgent need for liquidity, to digitize operations, and for the extension of relief from BNR to support liquidity.

The focus note and research findings can be found here: Focus Note and Research Findings.

For more information, reach out to AFR at info@afr.rw or AMIR here.