CALL FOR SCHOLARSHIP OPPORTUNITY FOR PROFESSIONAL DUAL TRAINING IN THE MICROFINANCE SECTOR 

Background

RICEM (Rwanda Institute for Cooperative, Entrepreneurship, and Microfinance) was launched in June 2014 as a Vocational Technical Institute for the three pillars, namely Cooperatives, Entrepreneurship, and Microfinance. In partnership with AMIR (Association of Microfinance Institutions in Rwanda), RDB (Rwanda Development Board), and DSIK (German Sparkassenstiftung Eastern Africa), RICEM has been implementing the Dual Apprenticeship program in the Microfinance Sector since 2017. As a result of the program’s success in the pilot phases and national rollout, RICEM formed a partnership with CHANCEN International to ensure that the program reaches more people and contributes to the professionalism and growth of Rwanda’s microfinance sector at large.

Program description 

The Dual Apprenticeship System is a 12-month capacity development intervention, specifically targeting young adults. The training is built around a competency-based approach to teaching and learning, which includes the development of knowledge, skills, attitudes, and behavior. The Dual Training method places a strong emphasis on practical knowledge and skill application, which is reflected in the learning environment’s rotational design, with 20% theory-based learning at the training academy and 80% practical workplace learning (MFIs/SACCOs). After successfully passing all the relevant exams, apprentices are certified microfinance practitioners. 

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Modules overview:

Microfinance modules

Soft skills modules
  1. General Economic Overview & Introduction to Microfinance
  • Goal setting
  • Presentation and communication skills
  • Asking for clarifications and questions
  • Profession work attitude
  • Personal management plan
  • Adaptability
  • Time management
  • Openness to feedback
  • Job search skills
  • CV and application letter writing
  • Job interview skills
  1. Cashiering Management & Professional Customer Care
  1. Loan & Delinquency Management
  1. Accounting & Basic Finance Applied in the Microfinance
  1. Marketing & Sales
  1. Internal Control and Audit

Program benefits

The training program has numerous benefits, and microfinance institutions have recruited 90 % of the graduates.

  • Learning and practicing at the same time in a Microfinance Institution.
  • Monthly stipend.
  • Possibility of employment during or after the training.

RICEM & CHANCEN International 

CHANCEN International with the ISA (Income Share Agreement) allows you to focus on your studies, while CHANCEN eG takes care of your education costs. Your commitment to the community ensures that future generations have the same opportunities. Once employed and you earn above the minimum income threshold, your income-based repayments will fund the education of current students. It is with this consideration that all interested individuals that meet the below criteria are welcome to apply for the Dual Apprenticeship program for the up-coming intake that will start on 15th September 2022.

Eligibility criteria

  1. Graduate in the field of studies related to Banking and Microfinance such as
  • Banking
  • Finance
  • Economics
  • Accounting
  • Management
  • Etc.
  1. Good command of English language and Kinyarwanda.
  2. Have graduated at least in October 2021 and further.
  3. Females are strongly encouraged to apply.

Candidate specific attributes

  1. Must be interested to work in the Microfinance Sector.
  2. Commitment to the training program rules and regulations.
  3. Commitment to Chancen International beneficiaries’ rules and regulations.

For interested candidates, please send your CV with detailed contact information and a letter of interest to ricem.company@gmail.com  and for more information or clarification, please call 0788259790 (Adeby Ruffin Humura). All applications are accepted until August 05th, 2022, at 05:00 p.m.

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