RENEW MICROFINANCE

RENEW (Respect, Educate, Nurture and Empower Women), introduced the Microfinance Project in 2012. The project is funded by the German Sparkassenstiftung For International Cooperation (DSIK) and seeks to improve the quality of life and the status of vulnerable women and their families, mainly in rural areas and empower them with the ability of financial freedom.

Vision

To become a leading provider of financial services to low income women and their families in the kingdom of Bhutan.

Mission

Improving the quality of life and the status of vulnerable women and their families by providing credit products and savings.
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Objective

To ensure long lasting access to finance for the benefit of the target groups and giving support to the core business of RENEW.
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Vision

To become a leading provider of financial services to low income women and their families in the kingdom of Bhutan.

Mission

Improving the quality of life and the status of vulnerable women and their families by providing credit products and savings.

Objectives

To ensure long lasting access to finance for the benefit of the target groups and giving support to the core business of RENEW.

History at a glance

renew was established

RENEW (Respect, Educate, Nurture and Empower Women) was founded by Her Majesty the Queen Mother Ashi Sangay Choden Wangchuck to empower women and girls in Bhutan, especially the victims and survivors of domestic and gender based violence.

2004

renew microfinance was established

RENEW has introduced the Microfinance Project, funded by the German Sparkassenstiftung For International Cooperation (DSIK).

2012

certification to give micro-loans to public

The Royal Monetary Authority, the Central Bank of Bhutan has certified RENEW-Microfinance Project to lend the micro loan to public.

May 21, 2016

Incorporated as Private limited Company

RENEW Microfinance Private Limited has been incorporated as Private Limited Company under the Companies Act of Bhutan 2016 as on 27 September 2017

September 27, 2017

Certified as a Deposit -Taking Microfinance Institution

RENEW Microfinance Pvt.Ltd. was licensed as a Deposit-Taking Microfinance Institution.

August 21, 2018

History at a glance

renew was established

RENEW (Respect, Educate, Nurture and Empower Women) was founded by Her Majesty the Queen Mother Ashi Sangay Choden Wangchuck to empower women and girls in Bhutan, especially the victims and survivors of domestic and gender based violence.

2004

renew microfinace was established

RENEW has introduced the Microfinance Project, funded by the Savings Banks Foundation for International Cooperation (SBFIC).

2012

certification to give micro-loans to public

The Royal Monetary Authority, the Central Bank of Bhutan has certified RENEW-Microfinance Project to lend the micro loan to public.

May 21, 2016

Incorporated as Private limited Company

RENEW Microfinance Private Limited has been incorporated as Private Limited Company under the Companies Act of Bhutan 2016 as on 27 September 2017

Sept 27, 2017

Certified as a Deposit-Taking Microfinance Institution.

RENEW Microfinance Pvt.Ltd. was licensed as a Deposit-Taking Microfinance Institution.

Sept 27, 2017

Statistics

1
Dzongkhags
1
clients

Why RENEW-Microfinance?

Fast Processing

Door to Door Service

Customer Value

No Extensive Documentation

No Hidden Charges

Collateral Free Loan

Services

Financial Literacy

Savings

Loans

Financial Literacy

Savings

Loans

"Being a Tibetan, it is difficult for me to avail loans from other financial institutions in times of real need. I frequently avail loan from RENEW Microfinance to support my family and to keep running my grocery shop which is one of the main sources of income."

- Tshepa Lhamo