Terms of Reference for Microinsurance Market Assessment and Linkages With Agricultural Finance

Project Background

This assignment is part of the Sustainable Livelihoods and Income Diversification through Agroforestry Project (SUSTAIN-AF), a collaboration between Inkunga Finance Plc, ADA (Appui au développement autonome), and CIFOR-ICRAF.

About Inkunga Finance Plc

Inkunga Finance Plc is a Rwandan microfinance institution providing savings and credit services primarily in rural areas. Founded in 1995 as a Savings and Credit cooperative, the institution transformed into a microfinance company in 2016 and obtained a deposit-taking license from the Central Bank of Rwanda in 2017.

Key Facts:

• Approximately 42,000 active clients
• 7 branches located in Rubengera, Bwishyura, Rusizi, Rutsiro, Nyamasheke, and Mahoko
• Recent expansion with branch opened in Kigali at Nyabugogo and additional sub-branches
• Operations concentrated in Western rural Rwanda

Since 2022, Inkunga Finance Plc has collaborated with ADA to pioneer forestry and agroforestry loans in Rwanda. The institution has developed 3 specifically designed loan products tailored to the needs of smallholder farmers, small-scale forest owners, and forestry value chain SMEs to foster agroforestry adoption, sustainable forest management, and business growth.

About ADA

ADA (Appui au développement autonome) is a Luxembourg-based non-governmental organisation established in 1994. The organization works to increase the autonomy of vulnerable populations in Africa, Latin America, and Asia through inclusive finance, thereby contributing to the achievement of the Sustainable Development Goals (SDGs).

ADA leverages its resources and expertise to innovate, support local partners, implement technical support programmes, provide investment advice, and manage knowledge to create positive and sustainable impact for targeted populations.

Project Context

The SUSTAIN-AF project aims to provide tailored financial and capacity building services to smallholder producers within the agroforestry value chain.