BACKGROUND:
The Berendina Microfinance Institute (GTE) Ltd, known by its acronym "BMI" commenced its operations in May 2007 as a successor to the microfinance program that was under Berendina Foundation. BMI follows a credit plus approach providing both credit and business development services in both the rural and estate sectors. While Berendina Foundation conducted its microfinance activities within a charitable approach, BMI follows best practice in Micro Finance services as advocated by CGAP and the industry.
It is the aim of BMI to build a sustainable micro finance organization by providing financial and business development services to the poor and the poorest entrepreneurial communities, in a productive and efficient manner. Through these means, it aims at reducing dependency on external funders and other donors.
VISION:
Create an empowered, equitable society where poverty does not exist.
MISSION:
Ensuring that the poor have access to quality microfinance and EDS services at the lowest possible cost, ensuring a prosperous future for this sector of the society.
.jpeg)
