The collaboration focuses on providing loan guarantees through BDF, particularly for clients who lack sufficient collateral. The partnership agreement was signed on December 24, 2024.
The Managing Director of Atlantique Microfinance Plc, Mohamed Aarouch, expressed enthusiasm about the partnership, highlighting that it would enable the institution to expand its customer base and foster mutual growth.
Mary Lambasha, the Deputy Managing Director of Atlantique Microfinance, emphasized that the agreement is a significant milestone in making financial services more accessible.
She pointed out that the partnership would benefit a wide range of clients, especially those with no collateral or insufficient assets, opening up opportunities for individuals who previously struggled to secure loans due to collateral limitations.
Munyeshyaka Vincent, the CEO of BDF, noted that the collaboration addresses a key challenge of lacking collateral faced by many customers.
He explained that the partnership would allow both institutions to serve a larger group of clients while also strengthening Atlantique Microfinance's ability to provide loans to more individuals.
Additionally, the partnership is expected to help Atlantique Microfinance increase its client base, leading to a rise in available loan funds, which in turn supports the institution's financial growth.
BDF will also offer financial management training to Atlantique Microfinance's clients to help them fully capitalize on the benefits of the partnership.
Since its arrival in Rwanda in 2019, Atlantique Microfinance has built a strong reputation for promoting inclusive financial services. The institution is part of AMIFA Holdings, based in Morocco, which is affiliated with Banque Centrale Populaire du Maroc (Groupe BCP).
AMIFA Holdings operates in several other African countries, including Côte d'Ivoire, Mali, Senegal, Burkina Faso, Gabon, Guinea, Madagascar, and Rwanda.
Atlantique Microfinance currently operates six branches in Rwanda and plans to open additional branches to further expand its presence.
The company's headquarters are located in Nyarugenge District, at Yyussa City Center, also known as Makuza Peace Plaza.
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