RENEW (Respect, Educate, Nurture and Empower Women) founded by Her Majesty the Queen Mother Gyalyum Sangay Choden Wangchuck, in 2004, is a CSO dedicated to the empowerment of women and girls in Bhutan, especially the victims and survivors of domestic and gender-based violence. 

ex-CEO Mr Bernd with World Savings Day 2022 team

In 2012 RENEW introduced the Microfinance Project, which was undertaken by the Deutsche Sparkassenstiftung für internationale Kooperation (DSIK) and funded by the German Ministry for Economic Cooperation and Development, Germany. The project aimed at establishing a sustainable microfinance institution, which takes into account the needs of women in rural areas. 

This project could be finalized by 31st of March 2021 successfully: The Royal Monetary Authority, the Central Bank of Bhutan, has certified RENEW Microfinance Project to lend micro loans to public on 21st May 2016 and RENEW Microfinance Private Limited is the first Microfinance Institution in Bhutan to receive the Deposit-Taking License from Royal Monetary Authority on 21st August 2018. 

RMFPL has been incorporated as a Private Limited Company under the Companies Act of Bhutan 2016 on 27 September 2017. Today the company covers ten Dzongkhags with 365 access points. Out of 205 Gewogs in the country, RENEW Microfinance is operating in 99 Gewogs. RENEW Microfinance serves to those, who are overseen by other financial institutions and have limited access to finance. 


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


We’re all about helping you reach your next financial goal and loan help.


Improving the quality of life and the status of vulnerable women and their families, mainly in rural areas by providing credit products and savings. Insurance and other services would be introduced in the near future, thus creating favorable opportunities for the clients to participate in social-economic activities, thereby improving their income and enhancing their role in the society 


The business objective of RENEW Microfinance is to ensure long lasting access to finance for the benefit of the target groups.

  • To achieve a long-term sustainable solution for providing financial services to needy people the remote areas.
  • Educate people in rural regions on financial products and services. 
  • Impart knowledge on income management for low-income households.
  • Provide continue access to financial services by organizing and empowering women.