Rafode (Rural Agency For Development)

Mission 

To be a national financial institution governed by a spirit of integrity and service
To provide financial products and services that meet the needs of the poor
To empower clients to escape poverty, realize dreams, and transform their lives

A Commitment to the Poor

Making Microcredit Accessible to All        
     
       In order for a MFI to be successful, it must meet the needs of its clients.  Rafode takes this idea to heart and has made client needs a central consideration in all aspects of its operations.  The organization’s entire loan program is structured to make financing more accessible to those with limited or no capital.  For instance, Rafode, unlike other MFI’s, does not require its clients to have up-front savings before issuing a loan.  Nor does Rafode require its clients to open bank accounts in their name, relieving them from bank finance charges and from the cumbersome experience of joining a bank that may be many miles away. Loans are dispensed quickly while fees and interest rates are comparatively lower. In short, Rafode strives to reduce loan costs for its clients while making the loan process as convenient as possible.
       As Rafode grows, the products and services we offer will be a direct response to the needs in our target market.  Maintaining a keen awareness of the needs on the ground insures that Rafode always remains a relevant, timely, and powerful resource.   

www.rafode.org