An analysis of the legal and policy frameworks governing microfinance institutions in Rwanda

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Kampala International University, School of Law
Today, microfinance is accepted as a necessary instrument for reducing poverty in Pwanda. As long as, the appropriate instruments are well used in a suitable legal framework, microfinance can help in strengthening the poor~ capacities to create jobs and to generate revenues on a sustainable basis. A National Microfinance Policy has been devised and adopted specifically for controlling frauds and exploitative tendencies. This defines the orientations of microfinance and allows MFIs to achieve the ultimate objective of this sector which is to contribute to economic and social development of Rwanda~ vulnerable poor who are economically active either in rural or in urban areas. Whllst, the objective of the policy is to allow MFIs to offer accessible inter mediation financial services on a sustainable basis and adapted to the need of the population, the effective implementation of this policy requires the development of a national strategy. This must clarify, in detail the role of every actor or dealer as well as describe their activities which must be accomplished with a pre-established calendar. It has to define the indicators of performance for measuring the success of each actor.
A thesis report presented to the college of higher degrees and research Kampala International University Kampala, Uganda in partial fulfillment of the requirements for the Degree of Masters of Laws
Microfinance, legal and policy frameworks, Rwanda.