Contact/Support
+9752330408 renewmicrofinance@renewmfpl.com

Renew Microfinance

We care for your future

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.

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HISTORY AT A GLANCE

2016
  • Kick-off
  • Located in Thuenpa Puenzhi Building, Changzamtog
  • 3 staff members
  • Learned:
    • Bhutanese taste in our products.
    • The Bhutanese market.
    • We need to become a household name.
2017
  • New showroom in Bap Namgay Building, Babesa.
  • 4 staff members.
  • Started focusing on advertisements.
2018
  • Upgraded our showroom to 2 units.
  • Implemented our USP:
    • Free delivery in Thimphu and Paro.
    • Zero breakage policy.
    • Return excess tiles and get a refund policy.
  • Referrals from past clients generated new leads.
  • 8 staff members in different, specialized roles.
  • Upscaled our marketing and advertising.
  • Licence upgraded to “wholesaler.”
2019
  • Upgraded to a fully conceptual display showroom of 3500 sq. ft.
  • Established godown storage in Ramtokto.
  • 15 staff members with more specialized roles:
    • Professional sales team
    • Delivery team
    • Marketing team
    • Accounts
    • Administration
2020
  • COVID-19 heavily impacted the construction sector.
  • Sales dropped by 50% from 2019.
  • Our objective of creating many good, sustainable jobs continued. Even with reduced revenue, we added 7 new team members, particularly to the tiling team.
  • “Survive Not Thrive” mode ON.
  • Won the 2020 Global Architecture and Builders Award for “Most Trusted Real Estate Brand of the Year (Tiles)”
2021
  • Upgraded our business by adding a ISO 9001:2008 certified “Chharee” brand packaged ceramic tiles with Bhutanese design-prints in the following sizes:
    • 600X600mm
    • 300X450mm
    • 300X300mm
bhutanmap ZHEMGANG SAMTSE THIMPHU PUNAKHA HAA PAROCHUKHADAGANA GASA WANGDUE PHODRANG BUMTHANG TRONGSA LHUENTSE TRASHIYANGTSE MONGAR SARPANG TSIRANGTRASHIGANGPEMAGATSHELSAMDRUP JONGKHAG

Microfinance Services

We care for your future

Financial Literacy

ENEW MFI actively supports the elevation of financial literacy in rural regions. This enables the rural population to save and to take up loans wisely.

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Savings

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Loans

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Why RENEW-Microfinance?

  • Fast Processing
  • Door to Door Service
  • Customer Value
  • No Extensive Documentation
  • Collateral Free Loan

Statistics

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10 Dzongkhags

26,014 Clients

News

Check out the latest news and events

Aug 29th, 2022

Annual Report 2021

Jul 22nd, 2021

New Power Tiller Loan

Nov 11th, 2020

Some happy client faces

Oct 31st, 2020

Celebrating World Savings Day 2020

More News & Updates

Announcements

Stay updated with our updates

May 18th, 2023

Interview Result

May 11th, 2023

Shortlisted candidates for the post of Accounts Officer

May 1st, 2023

VACANCY ANNOUNCEMENT FOR THE POST OF IT OFFICER

More Announcements

Success Stories

Stories from the field

Tshering Yuden

Tshering Yuden is one of the clients in Mongar. She said, “My husband is a driver and his salary is not enough to support the six family members. I decided to avail a loan from RENEW Microfinance to expand my pan shop. It was going well until the outbreak...
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Tshepa Lhamo

M/s Tshepa Lhamo is from Domkhar village under Bumthang Dzongkhag. She started her savings with RENEW Microfinance Pvt. Ltd. in 2018 and had also encouraged people in her community to save with RENEW Microfinance. She said, “Being a Tibetan, it is difficult for me to avail loans from other...
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Purna Bahadur Subba

Mr. Purna Bahadur Subba 61 years old man from Tsirang Dzongkhag says he generates enough income from his power tiller that he had availed from RENEW Microfinance . People in the community hires his power tiller every day. When he doesn’t have time, his youngest son who had completed...
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Deo Maya Tamang

Deo Maya Tamang 42, from Gozhi Gewog under Dagana Dzongkhag is a happily married woman with two children. She has a small general shop in Dagapela right below the highway. In the year 2016, she had heard about RENEW Microfinance for the first time from her friends. She immediately...
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Damber Kumari Ghallay

Damber Kumari Ghallay 28, is a young lady from Bukatading, Samtse. She lives with her husband and two children in Dagapela. Her husband earns enough for the family but she wanted to run a business. Her husband helped her in opening a general shop. She started with a small...
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