ACCESS TO FINANCE RWANDA

Request for Proposals

For

INDIVIDUAL CONSULTANT TO SUPPORT MINECOFIN IN COORDINATING, IMPLEMENTING,
MONITORING AND EVALUATING FINACIAL SECTOR STRATEGY TO INCREASE ACCESS TO AND
USE OF FINANCIAL SERVICES IN RWANDA. (INDIVIDUAL CONSULTANT)

REQUEST FOR PROPOSALS

PROCUREMENT REFERENCE: AFR/RFP-Recruiting an individual consultant to coordinate, implement, monitor and evaluate financial sector strategy/March/2026.

1. INTRODUCTION 

This intervention will be implemented through close collaboration between the Ministry of Finance and Economic Planning (MINECOFIN) and Access to Finance Rwanda (AFR), whose respective mandates are summarized below.

About Access to Finance Rwanda (AFR)

Access to Finance Rwanda (AFR) is a Rwandan not-for-profit company established in 2010 to promote financial inclusion and financial sector development in Rwanda. AFR is currently funded by Sweden, MasterCard Foundation, Global impact/ Co-Develop and Jersey Overseas Aid. 

AFR is part of the broader Financial Sector Deepening (FSD) network in Africa, which seeks to contribute to more inclusive and sustainable economic growth through financial inclusion and financial sector development by working with policymakers, regulators, financial service providers, and other market actors. 

AFR supports the removal of systemic barriers that hinder access to financial services by low-income people, particularly the rural poor, women, youth, and MSMEs. AFR is guided by the Market System Development (MSD) approach recognizing that efforts to increase financial inclusion and financial sector development must be market-led, profitable, and sustainable. 

About MINECOFIN

The Ministry of Finance and Economic Planning (MINECOFIN) was created in February 1999 – combining the former Ministry of Finance and the Ministry of Planning. The main mission of MINECOFIN is to raise sustainable growth, economic opportunities, and living standards of all Rwandans. The Ministry’s long-term vision is to develop Rwanda into a country that is free from poverty by reaching a number of objectives including maintaining a stable macroeconomic environment, foster greater evidence-based planning and performance-based budgeting, increase the productivity of the economy, employment opportunities, the investment climate, and the quality of public investments, etc.

2. Background and Context 

The financial sector is a cornerstone of national economic transformation and a critical enabler of sustainable, inclusive, and resilient growth. In line with the National Strategy for Transformation Phase II (NST2) and Vision 2050, the Government of Rwanda, through the Ministry of Finance and Economic Planning (MINECOFIN), is undertaking comprehensive reforms to strengthen the financial sector as a primary driver of economic development, investment mobilization, risk mitigation, and innovation. MINECOFIN, seeksto strengthen a coordinated and results-oriented mechanism for the implementation, monitoring, and evaluation of priority financial sector strategy. The strategy is designed to modernize the sector, increase access to finance, enhance resilience to shocks, improve financial inclusion, deepen markets, and ensure alignment with climate resilience, disaster risk management, and digital transformation agendas.

To support this objective, the Ministry of Finance and Economic Planning (MINECOFIN), supported by Access to Finance Rwanda (AFR) intends to recruit a highly qualified Individual Consultant with demonstrated expertise in financial sector strategy formulation, implementation support, institutional coordination, and performance monitoring.

The assignment will support the coordinated implementation of the Financial Sector Development Strategy (2025–2030) with the aim of increasing access to and use of financial services.

The consultancy will develop and establish a self-sustaining strategic coordination framework that remains functional beyond the consultancy period. It will also play a catalytic role in harmonizing efforts across public institutions, regulators, private sector actors, and development partners to ensure that financial strategy is effectively translated into measurable outcomes and sustained impact.

3.Overall Objective

The overall objective of this consultancy is to support MINECOFIN inestablishing and operationalizing a robust, coordinated, and sustainable mechanism for the implementation, monitoring, evaluation, and continuous improvement of priority financial sector strategy ensuring alignment with NST2 and broader national development objectives.

4. Reporting and Deliverables

The Consultant shall be responsible for delivering, at minimum, the following outputs:

• Inception Report including detailed methodology, work plan, governance structure, and risk management plan.
• Harmonized multi-year implementation roadmap covering the strategy.
• Reviewed Monitoring and Evaluation Framework with KPIs and reporting tools.
• Functional digital reporting and performance monitoring platform.
• Capacity building program reports and training materials.
• Quarterly progress reports summarizing achievements, challenges, and recommendations.
• Revamped financial sector working group and related sub-sector technical working groups
• Annual performance and learning reports.
• Final comprehensive consultancy report at the end of the assignment.
• A self-sustaining strategic coordination framework 

5. Duration and Location

• The duration of the consultancy shall be one (1) year with the possibility of renewal depending on the funding availability, with performance-based reviews conducted annually. The contract may include clearly defined milestones and renewal conditions
• Duty Station: MINECOFIN, Kigali Rwanda 

Interested consultants must confirm their intention to submit a proposal by Friday, April 10 2026, at 17h00 HRS CAT

Any requests for clarifications to the RFP may be submitted by Wednesday, April 15 2026, 17h00 HRS CAT.

Bidders should submit their proposals no later than Monday, April 20, 2026, 14:00 HRS CAT

Responding bidders are advised that this solicitation does not in any way obligate AFR to make a contract award or compensate the responding consultant for any costs associated with the preparation and submission of their proposals. Additionally, AFR may award a contract without conducting negotiations; all proposals should be submitted initially using your most favorable terms. AFR reserves the right to award any resultant contract to other than the offeror submitting the lowest price proposal based on technical excellence, schedule superiority or client request.

All communications regarding this RFP should be addressed via email: procurement02@afr.rw

Below is the summary planned procurement schedule:

Note: This procurement is open to both Local and International consultants.

Cordially,

Jean Bosco Iyacu

Chief Executive Officer