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 performances.
Our objective at the Rivers State Microfinance Agency (RIMA) is to be uniquely impactful in the microenterprise development of Rivers State, with a profound dedication to the needs and financial well-being of low-income business owners.
We strive to implement programs and initiatives that directly contribute to the alleviation of poverty in communities throughout the state. By developing partnerships with institutions in Nigeria, suchh as the Central Bank of Nigeria, and other global institutions, RIMA is uniquely positioned to contribute immensely to meeting the financial needs of our people and communities.
We aim to empower entrepreneurs with the tools and resources they need to succeed as business owners thereby elevating their socio-economic status and fostering far reaching development for our communities and society at large.