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…

Kirehe: Saving associations commended for sustainable development

Kirehe: Saving associations commended for sustainable development

Members of Banguka, an association for lending and saving in Nyabikokora cell, Kirehe sector of Kirehe district commended the association for enabling them connect electricity to their homes in addition to acquiring property. Residents revealed this while the district prepares to launch ‘special savings week’ scheduled to take place between on October 25-31. A special savings week is under the theme “Save today and secure your future” aims at reminding and educating citizens about the importance of saving. Association members said they have purchased land, livestock, pay school fees for children and take good care of their families. Members revealed that forming credit and saving associations was initiated by Care International, a humanitarian organization fighting…

Kirehe: Bamaze kubona umuriro babikesha amatsinda yo kwizigamira

Kirehe: Bamaze kubona umuriro babikesha amatsinda yo kwizigamira

Mu gihe hategurwa icyumweru cyahariwe kwizigamira kuva tariki 25-31 Ukwakira 2014 bamwe mu baturage ba kirehe bibumbiye mu matsinda yo kwizigamira no kugurizanya baremeza ko bamaze kwiteza imbere bageza umuriro w’amashanyarazi mu ngo zabo. Nkuko abagize itsinda Banguka ryo mu kagari ka Nyabikokora umurenge wa Kirehe babitangarije Kigali Today, ngo bamaze kugera ku bikorwa by’indashyikirwa mu ngo zabo babikesha amafaranga 1500 batanga buri cyumweru mu itsinda ryabo rigizwe n’abantu mirongo itatu k’uburyo bayaguriza abanyamurya ngo bakayungukira 10% buri mwaka. Ngo ni igikorwa cyatewe inkunga n’umushinga Care mu guhugurira abaturage cyane cyane abagore mu kwikura mu bukene biteza imbere . Cassien Rusanganwa umuyobozi w’itsinda Banguka  aragira ati“itsinda ryacu rya banguka rigizwe n’abantu 30 abagore 25 n’abagabo…

SACCOs can boost financial Inclusion

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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…

Kirehe to launch special savings week

Kirehe to launch special savings week

To entrench a savings culture among Rwandans, a special savings week under the theme “Save today and secure your future” is to launched in Kirehe district dedicated towards reminding and educating citizens on the importance of saving. According to Jean de Dieu Tihabyona, the vice mayor for finance and economic development, the special savings week will involve several initiatives including awareness campaigns talk shows interviews with stakeholders and the public among others. The campaign is scheduled to take place between on October 25-31. He added that financial institutions should play an important role by educating target groups about the services and the products they offer. “You need to prove your competence and lure them to…

Kirehe: Icyumweru cyahariwe kwizigamira kirasigira abaturage ubumenyi mu gukorana n’ibigo by’imari

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Kuva Tariki 25 kugeza 31, ukwakire 2014 ni icyumweru mpuzamahanga cyahariwe kwizigamira. Mu karere ka kirehe  ibigo by’imari n’amakoperative barasabwa kwegera abaturage bakabakangurira kuzigama mu rwego rwo kuzamura ubukungu bw’abaturage n’ubw’igihugu.   Mu nama yo gutegura icyo cyumweru umuyobozi w’akarere wungirije ushinzwe ubukungu yasabye abashinzwe ibigo by’imari n’amakoperative gukora ibishoboka byose iki cyumweru kikarangira buri muturage utuye mu karere ka Kirehe afite konti mu bigo by’imari ikindi kandi ajijukiwe n’uburyo bwo kwizigamira. Yakomeje avuga ko imikorere myiza y’amakoperative n’ibigo by’imari ituma abantu babigana. Yagize ati“iyo ibigo by’imari bidakora neza nta kwizigama abakiriya bagira kuko ibyo bigo biba bitizewe buri muturage bakagira impungenge zo kubitsamo amafaranga yabo niyo mpamvu ibigo bimwe na bimwe by’imari iciriritse mu…

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…

Rulindo: inyungu zakwa ku nguzanyo bituma bamwe batagana ibigo by’imari

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Bamwe mu baturage bo mu karere ka Rulindo bavuga ko kuba batagana ibigo by’imari n’amabanki, ngo ahanini biterwa n’uko usanga ibigo by’imari bibaka inyungu nyinshi, mu gihe baba babonye inyungu nke ku byo bakora. Abo baturage bakaba bavuga ko niba hari uburyo ubuyobozi bw’akarere bwaganira na ba nyiri ibi bigo by’imari bakajya baka inyungu ku baturage bagereranije n’uburyo umuturage yungutse byabafasha kandi nabo bakabasha kugana ibigo by’imari ari benshi. Abakunze kuvugwaho gutinya kugana ibigo by’imari n’amabanki ni abagore,aho ngo usanga umubare w’abagore bagana ibigo by’imari muri aka karere,ari muke cyane ugereranije n’umubare w’abagabo baka inguzanyo mu bigo by’imari n’a mabanki. Bamwe mu bagore twaganiriye badutangarije ko batinya kugana ibigo by’imari ngo bahabwe inguzanyo, kubera gutinya…

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…