Access to finance, a hurdle that has for long been a major limitation to success of women entrepreneurs, could soon be history, thanks to the establishment of an all-women investment fund, ‘Rugori Fund’.
The new investment instrument, spearheaded by New Faces New Voices (NFNV) Rwanda Ltd, will be owned by women, created for women seeking to increase Rwandan women’s access to finance through existing financial services.
According to the management, Rugori Fund would have two segments, a private equity and a short term investment fund. In future, the Fund will have a technical assistance arm, which will increase chances of success and sustainability of women financed businesses and also provide grant management services for not-for-profit organisations targeting disadvantaged women. Read more. Source | New Times