Client
Goshen Finance PLC, a microfinance institution based in Kigali, Rwanda
Amount
USD 22,500
Start Date
1 May 2021
End Date
31 July 2021
Donor
Nguriza NShore Activity
Country and Region
Rwanda
East Africa
Description
Context and Objectives
Belgian Bankers Academy was commissioned to develop a three-year business plan for Goshen Finance PLC, a Rwandan microfinance institution offering several credit products, including commercial, agricultural, mortgage and social loans.
The objective was to provide the institution with a strategic, financial and operational roadmap for the 2022–2024 period, aligned with market needs and financial inclusion priorities.
Methodology and Deliverables
Market Analysis and SWOT Assessment – Assessment of MSME segments, sector mapping and segmentation of existing and potential clients, together with a SWOT analysis to identify strengths, weaknesses, opportunities and threats.
Development of the Three-Year Business Plan – Definition of strategic objectives, including portfolio growth, product diversification and profitability. Preparation of three-year financial projections covering revenue scenarios, costs and capital requirements. Development of a marketing plan and product recommendations to adapt the credit and savings offering to sector-specific needs.
Organisational Recommendations and Risk Management – Identification of opportunities to improve credit processes and guarantee monitoring. Proposal of internal control mechanisms to mitigate operational and financial risks.
Presentation and Validation – Presentation of the plan to the Board of Directors of Goshen Finance PLC. Preparation of a final report including detailed action sheets and an allocated budg
Result: a comprehensive and operational business plan, validated by the stakeholders and serving as a basis for the implementation of Goshen Finance’s future development initiatives.
BBA’s Role
- Collection and analysis of market and financial data
- Facilitation of SWOT and segmentation workshops
- Preparation of the three-year business plan and financial projections
- Development of marketing and risk management recommendations
- Presentation and facilitation of the validation session before the Board of Directors