DUTERIMBERE IMF PLC - Rwanda

About DUTERIMBERE IMF

 Brief history of DUTERIMBERE IMF PLC :

The official launch of Microfinance DUTERIMBERE IMF PLC was held on March 6, 2004, created by DUTERIMBERE-NGO, with the starting capital of 300 million Rwf and then DUTERIMBERE IMF PLC was given the full permit from the National Bank of Rwanda on September 15, 2005.

The operations of DUTERIMBERE IMF PLC consist of mobilizing and collecting savings from clients and offering loans products. Loans are provided to all people especially women who are the target group.  Are financed all clients having an income generating activity: individuals, cooperatives, SMEs and solidarity groups and VSLAs. To ensure the sustainability of the activity of loan provision, DUTERIMBERE IMF PLC mobilizes deposits of clients, raises funds from other banks and different partners.

1.  Vision, mission and objectives:

The vision of DUTERIMBERE IMF PLC is expressed in Kinyarwanda “Igicumbi cy’Iterambere ry’Umugore” which means the “Key for Development of Women Entrepreneurship".

The Mission of DUTERIMBERE-IMF PLC is “To provide financial and non financial services tailored to low-income entrepreneurs, primarily women, to help them improve their socio-economic conditions”.

The objectives of DUTERIMBERE IMF PLC are to:

a)    Collect savings from the target people and keep them in secure branches and sub branches,

b)    To facilitate access to loans for its target people by offering adapted and affordable loans products,

c)    To ensure sustainability of the institution by using technology to offer those services.

List of loans provided

Brief description of the loan

Loan provided to clients for growing their business: commercial loans, transport for business (motorcycles, vehicles, and other activities generating income for smallholders people). Amount if from 50,000 Frw to 20,000,000 Frw

1. Business loan

Interest rate

Between 1.8% to 2% per month

Collateral

Small saving, Land and mortgage. But we have a game of products which doesn’t require hard collateral, especially for women. 

Grace period

N/A

Duration

Maximum 36 months

Repayment terms

Monthly payment

Requirements

Have an account with Duterimbere-IMF PLC and have a minimum age of 18 years old.

2. Going to school loan

Brief description of the loan

A loan provided to parents who made a saving of 20% of the requested amount, to facilitate them paying school fees to their children. 

Interest rate

Between 1.8% to 2% per month

Collateral

Small saving, Land and mortgage.

Grace period

N/A

Duration

12 months

Repayment terms

Monthly payment

Requirements

Have an account with Duterimbere-IMF PLC and bring the document from school justifying the amount needed.

3. Agri loans

DUTERIMBERE-IMF PLC is offering also agri loans products to its clients involved in different value chains (maize, rice, irish potatoes, horticulture) and the small industry of processing. The interest rate is also between 1.8% to 2% per month. Repayment is done at harvest. Other requirements are the same for business loans.

Contacts

UMUGWANEZA Marie Claire,
Head of Marketing and Product development
Tel.: +250 0788770151

NZASINGIZIMANA Dative, CEO
Tel.: +250 0788772358.