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The Rivers State Microfinance Agency

The Rivers State Microfinance Agency, locally referred by its abbreviation RIMA, is a government body providing a range of services including financial, business and social support to institutions such as microfinance banks and entrepreneurs who lack access to adequate income in Rivers State. The agency was formed with the enactment of the Microfinance Agency Law No. 6 of 2008 by the Rivers State House of Assembly. 

The agency’s primary purpose is to create employment and reduce poverty. Among its objectives are “developing human capacity and instituting a sustainable framework of reaching out to the active poor.”

RIMA has delivered 388 million in micro-loans to about 884 beneficiaries across the state’s 23 local government areas through its partnership with microfinance banks. In 2010, RIMA underwent a restructuring process which was aimed at improving its overall performance

RIMA Revalidated Mission and Vision

Provides the required basis for the definition of its strategic direction and focus

(Fostering wealth creation bottom up)

A world class leading Microfinance service provider in Africa

GNI per capita; Total Portfolio Quality, Client Base Mix/Outreach, Productivity; Service Delivery, Sustainability; Social Performance Measures

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