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.

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.

Why RENEW-Microfinance?

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

Statistics

Lorem ipsum dolor sit amet consectetur, adipisicing elit. Odio repudiandae nihil id vero ea asperiores! Ad distinctio impedit tempora nostrum, fuga iure dicta quo a modi neque amet quos eum!

10 Dzongkhags

26,014 Clients

News

Check out the latest news and events

Announcements

Stay updated with our updates

Shortlist Announcement

Vacancy for HR Officer

Success Stories

Stories from the field