Evaluation of AFD - Bank of Kigali projects (2011 – 2022), Rwanda (CRW1023-CRW1045-CRW1046)

The overall objectives of the projects with Bank of Kigali were to support the expansion in the bank’s corporate loan portfolio, specifically to Micro Small and Medium Enterprises (MSMEs), by reducing the bank’s asset and liability mismatch and improving its ability to provide medium to long-term financing to MSMEs. 

The projects were coherent with the ongoing Rwandan economic reforms and relevant to the financial, technical and organizational needs and capacities of the bank as well as to the needs of end-beneficiaries, who benefited from an improved value proposition. With the exception of the Environmental & Social requirements and sectoral allocations, the projects were effectively implemented.

However closer monitoring of projects implementation and dialogue between stakeholders would have resulted in more efficient implementation.