In Rwanda, micro-, small and medium-sized enterprises (MSMEs), including smallholder farmers, account for approximately 98% of businesses and 41% of private sector employment.
MSMEs are a vital engine of growth in Rwanda, contributing up to 55% of the country’s GDP, yet they have been disproportionately affected by the pandemic and require assistance to recover from the economic impact.
Using a Market Systems Development approach, the GWIZA project (meaning “Businesses that thrive”) supports the economic revival of MSMEs in the Western Province of Rwanda that are impacted by the COVID-19 pandemic. MSMEs are strengthened to become more resilient, grow their income and create more jobs for youth and women.
Through a Loan Guarantee Fund with Equity Bank, barriers to accessing financial institutions and services are removed. Business-owners are provided with bank loans with reduced interest rates and receive coaching and training on financial and business management. In just one year, this project has already made a significant impact by providing financial assistance to 311 MSMEs and creating 300 direct jobs and 600 indirect jobs.
- Active locations
- Rwanda
- Donors
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Results
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311MSMEs provided with loans
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300Direct jobs created
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600Indirect jobs created
