Microfinance in Rwanda targets rural financial inclusion

m_Microfinance in Rwanda targets rural financial inclusion

In a bid to boost the country’s efforts to   bank the unbanked, Letshego Rwanda Limited has launched products likely to increase rural financial inclusion. The products, which will see people easily accessing financial services in rural and peri- urban communities countrywide, include current, fixed and savings deposit taking. “Deposit taking in Rwanda will diversify Letshego’s core operating model and provide a key step towards developing of our financial inclusion agenda, with an emphasis on the rural areas,” said Bernard Kivava, Chief Executive Officer. The products, according to Kivava   will help Letshego Rwanda Limited in diversifying its business in markets where it can align with and contribute to the Government’s agenda of financial inclusion with the…

SACCOs can boost financial Inclusion

map_rw

There is optimism  that   as  savings and credit cooperatives-SACCOs continue to register   positive  outlook  in regard to savings and  access to credit  by rural folks, creation of  a  SACCO  cooperative Bank would  bolster the  inclusion efforts. The  savings and credit cooperatives registered  a positive outlook in  mobilizing  savings that  grew to  Rwf 36.7 billion  by December  last year up from  Rwf 6.3 billion in the same period  under review in  2010. With this  growth,  experts  believe that  establishment of  the  cooperative   bank would  increase  liquidity to Saccos  thus boost    inclusion as well  as access to credit  mainly in  rural  areas. “In the future the establishment of a SACCO Cooperative Bank will play a critical role…

Kwizigamira si ugusagura ahubwo ni ukwizirika umukanda – Sembagare

Kwizigamira si ugusagura ahubwo ni ukwizirika umukanda – Sembagare

Umuyobozi w’akarere ka Burera, Sembagare Samuel, asaba abaturage bo muri ako karere cyane cyane urubyiruko kugira umuco wo kwizigamira kuko bizabagoboka mu gihe bazaba bageze mu bihe bikomeye cyangwa se bageze mu za bukuru. Sembagare asaba ibi abanyaburera mu gihe hari bamwe batazi kwizigamira icyo ari cyo kuburyo usanga hari abarya amafaranga yose bakoreye ntihagire na make babitsa mu bigo by’imari. Umuyobozi w’akarere ka Burera avuga ko kwizigamira bigomba kuba umuco ku banyaburera bose ngo kuko kuba hari ibihugu byateye imbere ari uko bifite abaturage basobanukiwe n’icyo kwizigamira ari cyo. Agira ati “Kwizigamira no kwiteganyiriza si ukuba uhaze. Ntabwo uzigama aba asaguye. Iyo urebye mu bihugu byateye imbere umuco wo kuzigama n’abana barawubatoza, no mu…

Nyamasheke: Ibigo by’imari byasabwe gufatanyiriza hamwe n’izindi nzego mu guha serivisi nziza ababagana

Nyamasheke: Ibigo by’imari byasabwe gufatanyiriza hamwe n’izindi nzego mu guha serivisi nziza ababagana

Mu nama ngarukagihembwe yahuje abayobozi b’akarere, ab’imirenge, abahagriye ibigo by’imari binini n’ibiciririste ndetse n’inzego z’umutekano zikorera mu karere ka Nyamasheke, tariki 01 Ukwakira 2014, biyemeje gutahiriza umugozi umwe mu gukurikira uburyo ababagana barushaho kwishimira serivise babaha. Umuyobozi w’akarere wungirije ushinzwe iterembere ry’ubukungu , Bahizi Charles, yavuze ko abahagariye ibigo by’imari basabwe gukomeza gucunga neza ibyo bigo bayobora bakihatira gutanga serivise nziza ku babagana babakira neza kandi bakabagezaho amakuru bakeneye n’icyo ibyo bakenera muri ibyo bigo bizabamarira. Bahizi yasabye abafite ibigo by’imari kugenzura neza niba ibyo batangira amafaranga bikoreshwa ibyo yateganyirijwe, bakamenya uburyo abakiriya babo bishyura amafaranga ku gihe ndetse n’ababa batishyura neza hakabaho uburyo bw’ibiganiro bituma hamenyekana impamvu bidashoboka. Bahize yasabye abayobozi b’ibigo by’imari kumenyekanisha…

Central Bank keeps repo rate at 6.5% to boost borrowing

Central Bank keeps repo rate at 6.5% to boost borrowing

The national bank of Rwanda (BNR) has announced its key repo rate will hold steady at 6.5 percent to maintain strong economic growth and robust lending. In June, the central bank cut the rate by 50 basis points from 7.0 as it seeks to enable the country’s economy to continue on the 8 percent average GDP growth over the past ten years. “There is no need of further reducing it because the level is sufficient enough to give results we wanted. We don’t have any pressures on the inflation,” central bank Governor John BNR Governor John Rwangombwa said on Wednesday, a day after the figure was released. He would not comment on how long it…

Access bank registers Rwf369 million net profit decline

m_Access bank registers

Access  bank  has  registered a  net profit  decrease  of Rwf369 to Rwf360 million  in the first half of the year  down from  Rwf729 million  in the same  period under review   in 2013, indicating almost  50 percent decrease. Whilst, the bank’s total assets   climbed to Rwf50.6 billion up from Rwf48.9 billion by end of December  last year. The bank saw its loan book portfolio growing to Rwf14.5 billion in 2014 up from Rwf13.2 billion by the end of last year which was pushed by mortgages that climbed to Rwf5.1 billion by end of June up from Rwf1.9 billion in 2013. On the other hand, Treasury loans saw an increase of Rwf1.6 billion by end of June…

Bwira: Abaturage biyubakiye ishami rya SACCO y’umurenge ryemerwa na BNR

Abaturage biyubakiye ishami

Umurenge wa Bwira ni umwe mu mirenge 13 igize akarere ka Ngororero ukaba uri nko ku birometero 50 uvuye ku biro by’akarere ka Ngororero. Ugizwe n’imisozi ihanamye hamwe n’ibibaya bito bito bikikije imigezi iwunyuramo. Ni umurenge bigoranye kuwugeramo bitewe n’imihanda yaho iteye nabi kandi idatunganyije kuko ikorwa n’imirimo y’umuganda w’abaturage gusa. Ni umwe kandi mu mirenge ivugwamo ubukene kurusha indi muri aka karere. Koperative TERIMBERE SACCO BWIRA ni kimwe mu bisubizo abawutuye bafashe mu kongera ibikorwa by’ishoramari no gukorana n’amabanki. Nyuma y’igihe kitarenga umwaka babonye inyubako ya SACCO ku rwego rw’umurenge kubufatanye bw’inzego zitandukanye, muri uyu murenge biyubakiye ishami ry’iyo SACCO mu kagari ka Gashubi ahari acasantere k’ubucuruzi gatuwe cyane hamwe n’isoko rihuza abantu benshi….

BK in 35% half year profits

Bank of Kigali

Bank of Kigali (BK) has announced its annual half profits posting a more than 30 percent profit as compared to last year’s results. Bank of Kigali also the first bank to be listed on the stock exchange is proving to be a hit for its investors with its increased rise in net income.   The bank’s net income from banking activities increased to Rwf30.6 billion from Rwf25.2 billion during the period. Its loan book also expanded, with equipment loans taking the largest share, increasing from Rwf54.6 billion last year to Rwf81.4 billion by end of June. Mortgage loans dropped to Rwf44.1 billion, from Rwf49.1 billion last year, indicating a Rwf5 billion decline. Treasury and consumer loans…

Equity in profit figures finally

Equity in profit figures finally

Equity Bank has posted Rwf194.4 million net profit for the first half of this year compared to the Rwf806.3 million loss it made in the same period last year, a financial statement from the lender indicates. According to the statement, the firm registered an increase in its total operating income from Rwf 2.11 billion end June last year to Rwf3.7 billion this year. However, it saw an increase in total operating expenses from Rwf2.9 billion to Rwf3.4 billion during the period. Its total assets went close to doubling during the period, increasing from Rwf38.8 billion end June last year to Rwf57.4 billion this year. The firm, which plans to cross-list on the Rwanda Stock Exchange…

Abanyamuryango ba Mwogo SACCO barishimira ibyo bamaze kugeraho

Abandi bagurijwe amafaranga bayashora mu buhinzi

Abanyamuryango ba Mwogo SACCO barishimira ibyo bamaze kugeraho binyuze mu kuzigama no gukoresha neza inguzanyo bagenda bahabwa n’iyi Koperative Umurenge SACCO yo mu murenge wa Mwogo mu karere ka Bugesera mu myaka itanu ishize iyi Koperative ikora. Abanyamuryango ba Koperative MWOGO SACCO, bavuga ko bishimira byinshi bamaze kugeraho mu iterambere byose babicyesha kuzigama no gukoresha neza inguzanyo bahabwa na Koperative MWOGO SACCO kuva yatangira gukora mu mpera z’umwaka wa 2009 nk’uko bivugwa na Kayitare Vicent umwe muri abo banyamuryango. Agira ati “ ubu simbura ubwisungane bwo kwivuza kuko mbitsa igihumbi buri kwezi maze kikamfasha kuyigura ntavunitse. Uretse n’ibyo kandi nabashije kugura televiziyo n’ibijyana nayo kubera amafaranga bampaye”. Bamurange Jeanine nawe ni umunyamuryango avuga ko mbere…