The Compuscan Academy, a South African financial services training provider affiliated with credit bureau Compuscan, is currently leading a three-month credit awareness training for 160 bank and microfinance institution (MFI) representatives in Rwanda. The session is a result of a need cited by the National Bank of Rwanda and is funded by the African Development Bank, a bank that provides loans and grants to governments and private companies in Africa.
There are two course programs offered: (1) The fundamentals of credit processes for credit officers, which focuses on credit targeting, application analysis, credit structuring, documentation, workouts, write-offs and collections via the legal system; and (2) the fundamentals of credit portfolio and risk management for credit and risk managers, which focuses on portfolio targeting and structuring, portfolio risk and return, credit supervision, risk management and reporting requirements.
The five Rwandan MFIs that reported 2011 data to the US-based nonprofit Microfinance Information Exchange (MIX) held an aggregate gross loan portfolio of USD 28.9 million disbursed to approximately 63,800 borrowers.
By Charlotte Newman, Research Associate
About National Bank of Rwanda
Founded in 1964, the National Bank of Rwanda (BNR, in French) operates as the central bank for the country. Its purpose is to define and implement monetary policy, mint currency and supervise and regulate the foreign exchange market and financial institutions. It also operates the Securities Exchange of Rwanda. In March 2011, BNR reported total assets of RWF 985 billion (USD 1.65 billion).
Sources and Additional Resources:
Discussion with Staff of Compuscan, June 27, 2012.
Compuscan Academy: “Training Intervention Strengthens Credit Knowledge in Rwanda,” http://www.compuscan.co.za/press-releases/332-training-intervention-strengthens-credit-knowledge-in-rwanda-
MicroCapital.org story, May 25, 2012, “MICROCAPITAL BRIEF: Financial Illiteracy Blamed as Default Rates in Rwanda,” https://www.microcapital.org/microcapital-brief-financial-illiteracy-blamed-as-default-rates-in-rwanda/
MicroCapital.org story, March 26, 2012, “MICROCAPITAL BRIEF: Informal Savings in Rural Rwanda through Voluntary Savings and Loan Scheme Reaches $3.18m,” https://www.microcapital.org/microcapital-brief-informal-savings-in-rural-rwanda-through-voluntary-savings-and-loan-scheme-reaches-3-18m/
MicroCapital Universe Profile: National Bank of Rwanda
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=The+National+Bank+of+Rwanda
MicroCapital Universe Profile: African Development Bank
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=African+Development+Bank++%28AfDB%29
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