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About us

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Brief History and background


UMUTANGUHA (meaning a friend who never deceives) was started by a Rwandan

association of Widowers “ICYUZUZO” in 2003.  Its main objectives were, among others,


(i) be self-sustaining by carrying out Income Generating Activities (IGAs) to minimize donor

dependence; and


(ii) support rural widowers-orphans - widows’ access to financial services and financial

literacy trainings. 



Microfinance operations started in 2004 having been registered as a single Cooperative of Saving and Credit Organization in 2003.  In

2006, it transformed into five (5) Cooperatives and registered as a Union providing fully fledged financial services. 


It was licensed by the National Bank of Rwanda (BNR) to operate all over the Country(Rwanda) by July 2013 when it transformed and

registered as a limited liability company, 7 branches had been opened: two in Nyarugenge District, one in Rubavu District (Western

province), two in Nyabihu District (Western Province), one in Ngororero District (Western province) and one in Nyamagabe District

(Southern province).