In line with one of the Millennium Development Goals designed to alleviate poverty through Micro-credit, the Rivers State Microfinance Agency was established by Rivers State Government and is presently operating as a Microfinance lender at both the wholesale level to Microfinance Banks as well as direct group lender to cooperatives, which is akin to the globally acclaimed GRAMEEN model.
This model which involves RIMA granting wholesale Microfinance funds to its partnering Microfinance Banks for onward disbursement to the beneficiaries well as directly to cooperatives ensures that the fund is spread through all the nooks and crannies of the Rivers State. This model entails the beneficiaries fulfilling the preconditions set by agency.
The scope of our operations is geared towards ensuring that micro entrepreneurs of Rivers State origin with businesses domiciled in Rivers State are availed a financial pool where from they can access credit facilities. RIMA’s strives to empower the enterprising low income indigenes of Rivers State through provision of financial services who traditionally lack access to banking and related services.
Mission & Vision
A world class leading Microfinance service provider in Africa
Fostering wealth creation bottom up