[2008-09-05]  Blue Financial Services opens Rwanda branch
In line with its vision to become a Pan- African micro financier, Blue Fina ncial Services has announced that it will be opening its first Rwandan branch in Kigali on 26 September 2008. This makes Rwanda the twelfth country on the continent where Blue has operations. The initial product offerings in Rwanda are 1 to 3 month salary advances, 3 to 24 month personal loans and loans relating to home improvement, education and debt consolidation. The Rwandan operation is headed by South African Tony Henderson who is also responsible for the operation in Uganda. Blue will be opening up another operation in Nigeria in mid September 2008. The opening of new branches presents new revenue streams but may put pressure on costs in the short term. The long term benefits are however expected to outweigh the costs.


Source: BSE WEEKLY