Rwanda | Nyamagabe: Imirenge SACCO heads encourage members to use BDF
Representatives of Imirenge SACCO in Nyamagabe district, have decided to cooperate with Business Development Fund (BDF) in order to help Sacco members get bank loans without security.
This was resolved during the meeting in Nyamagabe district on July 25th 2012 gathering Sacco representatives of sectors and BDF workers.
After understanding the mission and vision of Business Development Fund, Heads of Imirenge Sacco in this place embarked on sensitizing all members to work with BDF.
Claudette Uwituze, Nyamagabe district inspector denotes that if residents go to BDF the number of them getting loans will increase promoting financial institutions.
“Since a big number of residents lies under poverty line, residents will socially develop as the district pledged,” Uwituze explains.
BDF was introduced in partnership of the government of Rwanda and Rwanda Development Bank (BRD) with an aim of helping residents fight poverty through securing loans without bank security and start projects.
Business Development Forum got legal entity in 201.