Rwanda : Sacco Imbereheza Mahama to give Rwf55 million loans
Umurenge Sacco of Mahama also known as “Sacco Imbereheza Mahama” in Mahama sector of Kirehe district has 3400 members, who go to this institution for loans.
According to Sacco Imbereheza Mahama accountant, Claudine Nyirabazungu highlights that over Rwf55 million were given to the residents as loans and Rwf24 million are already paid back.
Nyirabazungu asserts that Sacco Imbereheza gives loans in agriculture and business sectors although most clients that seek loans services are business interested.
Ever since Sacco Imbereheza was started in Mahama sector, residents no longer waste their money anyhow because they save it on the accounts, says Nyirabazungu.
Joseph Ntawukira, a member of Mahama Sacco from Kamombo cell confirms that the institution have him Rwf500000 when he was building a house to live in, but now he is done with paying back and hopes to ask for more in order to develop.
Because the residents understand the importance of using Sacco, Head of Sacco Mahama affirms that another branch they opened started in the beginning of June 2012.