UMUTANGUHA (meaning a friend who never deceives) was started by a Rwandan association of Widowers “ICYUZUZO” in 2003. Its main objectives were, among others, to:
(i) be self-sustaining by carrying out Income Generating Activities (IGAs) to minimize donor dependence; and
(ii) support rural widowers-orphans – widows’ access to financial services and financial literacy trainings.
Microfinance operations started in 2004, and in 2006, it transformed into five (5) Cooperatives and registered as a Union providing fully fledged financial services. UFC was licensed by the National Bank of Rwanda (BNR) to operate all over Rwanda by July 2013 when it transformed and registered as a limited liability company, 7 branches had been opened: two in Nyarugenge District, one in Rubavu District (Western province), two in Nyabihu District (Western Province), one in Ngororero District (Western province) and one in Nyamagabe District (Southern province).
Where We Work
The magenta countries are places where we fund microcredit. Roll over the interactive map with your mouse to see fast facts in each country where we work.