The rationale and impact of Banques Populaires transformation from a cooperative to a commercial bank

TABLE OF CONTENT

DECLARATION i

CERTIFICATE ii

DEDICATION iii

ACKNOWLEDGMENTS iv

TABLE OF CONTENT v

LIST OF ABBREVIATION AND ACRONYMS. ix

LIST OF FIGURES x

LIST OF TABLES xi

CHAPTER ONE: GENERAL INTRODUCTION. 1

I.1. INTRODUCTION 1

I.1.1 THE BACKGROUND OF BANQUE POPULAIRE 1

I.1.2 BANQUES POPULAIRES IN RWANDA 2

I.1.3 KEY DATES IN BANQUES POPULAIRES HISTORY 3

I.2 BACKGROUND OF MICROFINANCE IN RWANDA. 3

I.3 STATEMENT OF THE PROBLEM 5

I.4 OBJECTIVES OF THE STUDY 7

I.5 RESEARCH QUESTIONS 7

I.6 PURPOSE OF THE STUDY 8

I.7 SIGNIFICANCE OF THE STUDY. 8

I.8 THE SCOPE OF THE STUDY 8

I.9 LIMITATIONS OF THE STUDY 8

I.10 ORGANISATION OF THE STUDY 9

CHAPTER TWO: LITERATURE REVIEW. 10

II 1 BANKING TOWARDS THE DEFINITION 10

II 1 1 DEFINITION 10

II 1 2 ORIGIN OF THE WORD «BANK» 10

II 1 3 TRADITIONAL BANKING ACTIVITIES 10

II 2 A COOPERATIVE TOWARDS THE DEFINITION 11

II 2 1 DEFINITION 11

II 2 2 FEATURES OF COOPERATIVE BANKS 11

II 3 A COMMERCIAL BANK TOWARDS THE DEFINITION 13

II 3 1 DEFINITION 13

II 3 2 THE ROLE OF COMMERCIAL BANKS 14

II 4 OVERVIEW OF A FINANCIAL SYSTEM IN RWANDA 14

II 5 EXTENDING RURAL FINANCE IN POST-CONFLICT ECONOMY IN RWANDA 16

II 6 ACCESSING FINANCIAL SECTOR DEVELOPMENT IN RWANDA 17

II 7 1 UBPR TRANSFORMATION FROM A COOPERATIVE TO A COMMERCIAL BANK UNDER RABOBANK : HISTORICAL PERSPECTIVE 18

II.7 2 RFID INVESTS FRW 6.5B INTO BPR 18

II.7.3 RABOBANK IN PERSPECTIVE 19

II.7.4 RAIFFEISEN AND THE FIRST COOPERATIVE BANK 19

II.7.5 THE EVOLUTION OF THE COOPERATIVEBANKS IN THE NETHERLANDS 20

II.7.6 UTRECHT AND EINDHOVEN 21

II.7.7 THE MANAGEMENT STRUCTURE OF RABOBANK NEDERLAND 21

II.7.8 INTERNATIONALISATION OF RABOBANK 22

II.7.9 RABOBANK TODAY: MARKET LEADER IN THE NETHERLANDS 22

II.8 FINANCIAL SECTOR CHALLENGES IN RWANDA 23

II.9 THE ROLE OF THE FINANCIAL SECTOR IN PRIVATE SECTOR DEVELOPMENT 23

II.10 POLICY GEARED TO INCREASE ACCESS TO BANKING SERVICES: 24

II.11 DEVELOPMENT OF LONG TERM FINANCE AND CAPITAL MARKETS 25

^{CHAPTER THREE: RESEARCH METHODOLOGY} 26

^{III.1 INTRODUCTION} 26

^{III.2 METHODOLOGY} 26

^{III.3 RESEARCH DESIGN} 27

^{III.4 SOURCES OF DATA} 27

^{III.4.1 PRIMARY DATA} 27

^{III.4.2 SECONDARY DATA} 27

^{IV. POPULATION AND SAMPLE SIZE} 28

^{IV.1 SAMPLE SIZE AND SAMPLING TECHNIQUES} 28

^{V. DATA COLLECTION TECHNIQUES} 29

^{V.1 DOCUMENTARY SOURCES} 29

^{V.2 OBSERVATIONS} 29

^{V.3 QUESTIONNAIRE} 29

^{V.4 INTERVIEWS} 29

^{VI DATA PROCESSING} 30

^{VI.1 EDITING} 30

^{VI.2 CODING} 30

^{VI.3 TABULATION} 30

CHAPTER IV : DATA PRESENTATION, ANALYSIS AND INTERPRETATION. 31

4 1 .INTRODUCTION. 31

4 2 .THE PROFILE OF RESPONDENTS 32

4 3 .THE RATIONALE FOR BANQUES POPULAIRES TRANSFORMATION FROM COOPERATIVE TO A COMMERCIAL BANK. 35

CHAPTER V: SUMMARY OF THE FINDINGS, CONCLUSIONS AND RECOMMENDATIONS 46

5 1 Summary. 46

5 2 Conclusions. 48

5 3 Recommendations 50

BIBLIOGRAPHY 51

WEBOGRAPHY. 52

APPANDICES 53

1 QUESTIONNAIRES USED IN DATA COLLECTION. 53

2 COPY OF CLEARANCE LETTER. 63