Request for Proposals for Consultancy Services to Provide Fund Management Services for the Microfinance Liquidity Fund

Organization

Access to Finance Rwanda (AFR) is a Rwandan not-for-profit company established in 2010 to promote financial inclusion and financial sector development in Rwanda. AFR is currently funded by Sweden, MasterCard Foundation, Global Impact/Co-Develop, and Jersey Overseas Aid.

AFR is part of the broader Financial Sector Deepening (FSD) network in Africa, which seeks to contribute to more inclusive and sustainable economic growth through financial inclusion and financial sector development by working with policymakers, regulators, financial service providers, and other market actors.

About the Role

AFR is seeking consultancy services to provide fund management services for the Microfinance Liquidity Fund (MLF).

Background

Rwanda's microfinance institutions (MFIs) and savings and credit cooperatives (SACCOs) are the primary financial interface for MSMEs and rural customers. However, many of these financial providers fund themselves with short-term, volatile RWF liabilities (member deposits and short credit lines) while lending to MSMEs on longer tenors. This creates structural liquidity and maturity mismatches.

AFR's Approach

AFR supports the removal of systemic barriers that hinder access to financial services by low-income people, particularly the rural poor, women, youth, and MSMEs. AFR is guided by the Market System Development (MSD) approach, which recognizes that efforts to increase financial inclusion and financial sector development must be market-led, profitable, and sustainable.

Procurement Details

• Procurement Reference: AFR/RFP-MANAGEMENT OF MICROFINANCE LIQUIDITY FUND
• Location: Kigali, Rwanda