Project Summary
ALFS played a crucial role in helping IWACU Finance, a local financial institution, navigate the regulatory landscape to secure an operating license to operate as non deposit taking financial institution(NDFI) from the National Bank of Rwanda. Our advisory and facilitation services ensured that IWACU Finance complied with all regulatory requirements and successfully obtained its license. Today, IWACU Finance manages a portfolio valued at more than RWF 2 Billion, with an industry-leading non-performing loan rate of only 1%. This achievement underscores the institution’s commitment to financial sustainability and prudent risk management, made possible through the foundational support provided by ALFS. IWACU Finance is now well-positioned to continue growing and offering financial solutions to a broader customer base.
Sector of Activity
Finance
brief description
We played a crucial role in helping IWACU Finance, a local financial institution, to secure an operating license from the National Bank of Rwanda to operate as non deposit taking financial institution(NDFI)
client
Iwacu Finance
project budget
More than RWF 2B
date started
August 2022