Experts urge banks to ease requirements to finance more SMEs

Rwanda bank

With over 100,000 Small and Medium enterprises-SMEs across the country with bankable businesses, banks, experts advise  should  ease their requirements to  increase credit going to   the  country’s fastest growing sub sector. Despite the recent efforts to bolster credit flow SMEsbanks stilldemand requirements that most SMEs due to their nature of operation (startup stages) cannot manage. “While it is a fact that the banks must conduct due diligence in their lending and be risk averse, there needs to be fresh thinking around the lending policy,” said Sam Kebongo, Project Management and Entrepreneurship Development Consultant The rethinking according to experts would go along   commercial banks understanding the structure of SMEwhile   taking a step to educate their clients  …

WASAC-COGEBANQUE : Vers un nouveau système électronique de payement des factures de l’eau

Les cadres de WASAC et de la COGEBANQUE lors de la signature de cet accord

Water and Sanitation Corporation (WASAC), chargé de l’Eau et Assainissement au Rwanda, a signé un accord avec la Compagnie Générale de Banque (Cogebanque), pour l’introduction d’un nouveau système automatisé de facturation pour leurs clients. Cette banque locale qui ne cesse de se distinguer est en train d’ériger son siège au cœur du centre-ville de Kigali, un immeuble de plus de 7 étages. « Nous ne Voulons pas voir nos clients faire la queue pour payer  les factures de l’eau. Voilà pourquoi nous avons établi un partenariat avec  la Cogebanque pour faciliter les Rwandais à accéder aux services de paiement », a fait savoir Lucien Ruterana, Directeur Commercial de WASAC. Quant au Directeur du Développement des Affaires au…

Kayonza: Sacco, a bridge to sustainable development

bridge to sustainable development

  Residents of Nyamirama sector in Kayonza district commend Sacco for fostering their social economic development, saying their lives changed after they started working with Sacco. This is because at first some residents considered working with financial institutions to be a privilege for the rich and the literate, which discouraged them from saving the little they get. However, residents negative attitude changed after the government started setting up financial institutions in rural areas of Rwanda to enable all residents access financial services. One Samuel Gatare from Nyamirama sector in Kayonza district says that he was poor before working with Sacco, revealing that he has achieved a lot by accessing Rwf200,000 loan which he invested agricultural…

Kayonza: Sacco ngo yabereye abaturage ikiraro kibambutsa ubukene

Sacco ngo yabereye abaturage ikiraro kibambutsa ubukene

Abaturage bakorana na Sacco mu murenge wa Nyamirama mu karere ka Kayonza bavuga ko Sacco yababereye nk’ikiraro kibambutsa ubukene kibaganisha ku iterambere, kuko kuva batangiye gukorana na yo bagiye batera imbere ku buryo bugaragara. Mu bihe byashize gukorana na banki n’ibigo by’imari byafatwaga nk’iby’abafite amikoro ahambaye kandi bize, bigatuma abaturage baciriritse batabasha kwizigama muri duke babona. Iyi myumvire yagiye ihinduka nyuma y’aho leta y’u Rwanda itangiriye gahunda yo kwegereza abaturage ibigo by’imari iciriritse. Kugeza ubu buri Munyarwanda ngo ashobora kugana ikigo cy’imari atazitiwe n’amikoro ye. Abagiye bakorana na Sacco bavuga ko yabavanye mu bukene, nk’uko byemezwa na Gatare Samuel wo mu murenge wa Nyamirama mu karere ka Kayonza. Aavuga ko atarakorana na Sacco yari umukene…

Microfinance to look at harnessing professionalism

Microfinance to look at harnessing professionalism

As the  microfinance day closes  in,  professionalism  is  the  main focus  in a bid to  bolster  the sector  needed to boost  the  financial  access mainly by rural folks. Peter  Rwema, acting   executive secretary   of  Association of Microfinance Institutions in Rwanda-AMIR  believes says that   day will help  in   highlighting the performance  of the sector in terms of professionalism  as well  as  best  practices to  ease  service delivery. “This is the time we  access  ourselves  on  how  far we have gone  in promoting  inclusive  c micro finance based on  best practices,”  he said The day Running  under the theme; Promoting inclusive micro- FINANCE with professionalism in Rwanda” is slated for   7th May   will  up  the sector’s  professionalism…

Experts root for competitiveness in microfinance Institutions

Experts root for competitiveness in microfinance Institutions

Experts’ believe thatincreased competiveness within the microfinanceInstitutions-MFIs will improve the   sector’s abilityto bank the rural folks, thus increase   financial inclusion. Rita Ngarambe, Executive Director, AMIR consult Ltd says that   helping MFIs  sector to boost its competitiveness and provide customer orientedproductsthat will result into a strong   and vibrant sector that is able to finance rural   growth. “Competition should pave way for better services and increased access to financial    services by people mainly those in rural areas,” she noted Ngarambe believes that    when    microfinance institutions look at   embracing competition and   become innovative to bring out   customer centered services, access to finance by the unbanked population   will be easier. The MFIs   that  are in  microfinance sector   also composed …

Eco Bank records Rwf518.4m profit

Eco Bank records Rwf518.4m profit

Eco bank Rwanda that was recently on spotlight for closure of some branches in the busy areas of Kigali city after hitting a record loss in 2013 has reported a Rwf 518.4 percent   profit after tax for the year 2014. The   Bank in a bid to stem off high expenditures that were accrued from operational inefficiency and optimizing  operations  that mainly  pushed the  bank into  a Rwf563.1 million loss in 2013,closed   branches in the  busy areas of  Kimironko, Remera and Nyabugogo in Kigali  city. The closure  led to suspicions  that the bank    may  likely be winding up its operations  in Rwanda after  failing to penetrate the rural  market  that  is  composed of  organized  credit savings-Saccos…

ZIGAMA CSS envisage de réduire le taux d’intérêts des crédits bancaires

ZIGAMA CSS envisage de réduire le taux d’intérêts des crédits bancaires

Lors de la une réunion du  Conseil d’Administration de ZIGAMA Credit and Savings Society (ZIGAMA CSS), une institution financière appartenant à l’armée (RDF) et al la police (RNP), il a été décidé de revoir à la baisse le taux d’intérêts des crédits bancaires. Comme l’a déclaré le Dr James Ndahiro qui préside le Conseil d’Administration de ZIGAMA CSS, « les crédits bancaires étaient remboursés avec un taux d’intérêts de  15%. Malgré que ce taux soit réduit, ils n’ont pas encore décidé le pourcentage de cette réduction. Le conseil d’administration a pris la décision  de diminuer le taux d’intérêts des crédits bancaires par ce que nos membres sont parmi les travailleurs qui ont de maigres salaires ». Dr…

Ruhango: Ntimukwiye gutinya imishinga iramba, amafaranga arahari- Umuyobozi wa BK

Ruhango: Ntimukwiye gutinya imishinga iramba, amafaranga arahari- Umuyobozi wa BK

  Umuyobozi wa banki ya Kigali BK ku rwego rw’igihugu Gatera James, aratinyura abanyaruhango abashishikariza gutekereza ku mishinga migari iramba, kuko amafaranga ahari banki ahagarariye ikaba yiteguye kuyabaha nta mananiza. Mu ruzinduko yagiriye mu karere ka Ruhango tariki ya 27/03/2015, rugamije gusura abakiriya ba BK, uyu muyobozi yababwiye ko banki ahagarariye, ifite intego zo guteza imbere buri munyanrwanda wese ufite ingamba zo gukira. Akaba yasabye cyane cyane abacuruzi bakorera mu mujyi wa Ruhango, kwishyirahamwe, bagatekereza ku mishanga migari, bityo bakagana iyi banki ikabaha amafaranga bagashora mu bikorwa byabo. Bamwe mu bacuruzi bakorera muri uyu mujyi wa Ruhango, bagaragaje ko nta kibazo bafite cyo kwishyira hamwe, gusa bakagaragaza imbogamizi z’ingwate. Aha umuyobozi wa BK, akaba yabavuze…

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…