MFIs high interest rates scaring away borrowers

  Borrowers say the high interest rates on   loans in the microfinance Institutions-MFIs hinder access to credit, despite the common perception that the sector increases access to finance. Complains are; an interest rate that goes up to 22 percent on a loan is too high considering the type of businesses they   operate which at times take long for the owner to start enjoying profits. “You see when the MFIs add high interest it is hard for us to make profit  to pay  back  the  loan and also keep  surviving,”  said Damascene Nkurikiryayo, a  retail  shop  owner  in  Ndera  sector, Gasabo District. With the banks  requirements   not bale to accommodate  borrowers  for  small  loans, microfinance institutions…

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Nyarusange: SACCO Dukire yarabatinyuye inabafasha gukoresha neza inguzanyo

SACCO Dukire yarabatinyuye inabafasha gukoresha neza inguzanyo

Bamwe mu baturage batuye umurenge wa Nyarusange mu karere ka Muhanga baravuga ko baguye imishinga bakarema n’indi nyuma yo gukorana na sacco yo mu murenge wabo ikabatinyura inguzanyo n’uburyo bunoze bwo kuzikoresha. Byatumye kuri ubu boroza abaturanyi babo  inka biguriye bagamije kudasigana mu iterambe n’ubukire baharanira. Mbere benshi muribo ngo bari ba nyamwigendaho, bakaba baraje guhindura imyumvire nkaho batangiye kwizigamira byatumye banakora imishinga yongera ibyo bari bafite nkuko bivugwa na Alphonse Habanineza wakoreraga leta akaza kugana Sacco Dukire ikamufasha gushora mu bikorwa by’ubuhinzi bw’urutoki n’ubworozi bw’inka. Kuri ubu uyu mugabo yatangiye koroza abantu baturanye myiza bivuye mu gukorana na Sacoo Dukire Nyarusange. Gukorana n’iyi Sacco kandi byatumye Leonille Mukakalisa afungura iduka riciriritse no kurihira umwana…

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La coopérative « Umwalimu SACCO » a obtenu un crédit pour financer les projets de développement des enseignants

La coopérative « Umwalimu SACCO » a obtenu un crédit pour financer les projets de développement des enseignants

La direction de la coopérative « Umwalimu SACCO », a confirmé avoir reçu un crédit de deux milliards de Francs Rwandais, soit plus de 2.7millions $, donné par une société financière follandaise appelée « Oika Credit ». Ce crédit va accélérer le développement des enseignants  en finançant leurs projets. Cela a été déclaré par Emmanuel Karuranga, chargé des finances au sein de la Coopérative « Umwalimu SACCO ». C’était lors d’une formation organisée par « Oiko Credit » qui avait réuni les représentants de différentes branches de « Umwalimu Sacco » de tout le pays. Ils ont discuté sur la meilleure façon d’utiliser ce crédit. Cette formation de trois jours va permettre aux enseignants de prévenir les pertes de leurs  projets. Selon Karuranga, la…

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Insurance needs more flexible products

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More players seem to join the insurance sector every day, a surprise for a sector that only enjoys a 2 percent penetration in the country. With four new players expected to set up shop in the country this year according to the National Bank of Rwanda (BNR), the stiff competition in the sector will require companies to avail innovative products to the consumers. As of now they are 11 insurance operators in the country all gunning to expand their consumer base while setting the trend as market leaders. With health insurance being mandatory by law, arrival of new products will align the difference between the firms as they all seek to expand their customer base…

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Parliament passes revised National Budget

Parliament passes revised National Budget

The parliament   has approved the revised National budget for the fiscal year 2014/2015 that was tabled by finance Minister, Amb. Claver Gatete   last   month. The  budget  adjustment catered for an increase of  Rwf 6.4 billion pushing the  budget to Rwf 1759.6 billion from Rwf 1753.3  that  initially approved by parliament  in July 2014 to  further boost  implementation of  the outlined  projects under the country’s  second development strategy. “The approved financing adjustments will ensure implementation of the second Economic Development and Poverty Reduction Strategy (EDPRS2) stays on track,” a statement from the Ministry read in part. However, the   approval came with a slight adjustment that saw an increase of Rwf 2.7 billion from the earlier prosed…

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Nyamasheke: Abacuruzi barasaba kuvuga rumwe n’ibigo by’imari bagana

Nyamasheke: Abacuruzi barasaba kuvuga rumwe n’ibigo by’imari bagana

Abacuruzi bakorera mu karere ka Nyamasheke barasaba ko abafite ibigo by’imari bihakorera bafata iya mbere mu kurandura inzitizi zose bahura nazo mu iterambere ry’umwuga wabo cyane cyane iziterwa n’ibigo by’imari bakorana nabyo umunsi ku munsi. Izo nzitizi zirimo kuba hari aho babona inguzanyo zitajyanye n’igihe bazisabiye cyangwa bagahabwa make kuyo basabye ubundi amasezerano bagirana na banki akaza yanditse mu zindi ndimi batabasha kwisomera n’ibindi. Ibi babitangaje kuri uyu wa kane tariki ya 5 Werurwe 2015,  mu biganiro bagiranye n’abanyabigo by’imari mu rwego kurushaho kunoza imikoranire ibaranga hagamijwe kwihutisha iterambere igihugu cyifuza. Majyambere Venuste ni we uhagarariye  abikorera mu karere ka Nyamasheke, avuga ko abacuruzi n’abo basaba inguzanyo baba bakwiye gukorana neza, ibigo by’imari bigafasha abacuruzi…

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