Members of TUHUSA Sacco (Tujyane Huye Sacco) in Huye sector of Huye district have been called on to work hard and pass it on their children.

The call was made during the event to officially open the new Sacco building on May 15^th 2013 in Huye sector.

Sipiriyani Mutwarasibo, vice-mayor for economic affairs in Huye district encouraged Sacco members to work hard and be wealthy and instill it into their children than preaching hatred.

“Work hard and avoid holding grudges. How to get money should be the biggest question in your minds,” he laments.

During the event, vice mayor told residents that drinking alcohol is another drug that retards development. This is because one cannot get enough money to save and drinking at the same.

“Apart from wasting the money you would have saved, alcohol destroys your health in addition to reducing your energy for working,” laments the vice-mayor. 

The post Huye: Sacco members urged to work hard and earn a living appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.

Bimwe mubigomba kwifashishwa kugirango inzego z’imirenge SACCO zirusheho kwiyubaka mubushobozi no mumiyoborere myiza  hari imikorere n’imikoranire hagati y’ inzego , imitangire y’inguzanyo ,guhanahana amakuru hubahirizwa ibitekerezo by’abandi bafatanyabikorwa, ubukanguambaga kubanyamuryango n’ ibindi

Abayobozi b’ibigo by’imari sacco bakanguriwe kongera gusigasira umutungo wa Koperative kuko umutungo warubanda iyo unyerejwe biba bihesheje ikigo isura mbi bigatuma n’icyizere cyo gukungahara  kirangira, abayobozi b’imirenge sacco kandi basabwe kutikubira inguzanyo bonyine kuko bikurura amakimbirane bikaba byanadindiza iterambere ry’ikigo cy’imari kuberako abayobozi bikubira inyungu kurusha abaturage

Mu gusoza aya mahugurwa bamwe mubayitabiriye barimo umucungamutungo w’umurenge sacco wa Mashyuza Sacco, Sebagabo Bernard yavuze ko bungutse ubumenyi bwinshi bugiye kubafasha kugira imiyoborere n’imikoranire binoze hagati y’abakiriya babagana aho ngo bagiye kubishyira mubikorwa

Mu gusoza aya mahugurwa abayobozi b’ibigo by’imari biciriritse basabwe gushyira imbaraga mu kwishyuza inguzanyo zatanzwe kuko hari abazifata ntibagire ubushake bwo kwishyura ibyo ngo bishobora gutuma habaho igihombo gikomeye bigatuma ibi bigo byashyiriweho abaturage bihomba nkuko byatangajwe na Rwikiriza Jackson umukozi w’ikigo cya RCA kuwa 16/05/2013, aha akaba yasabye inzego z’ubuyobozi zose kugira uruhare mu iterambere ry’ibi bigo bya Sacco.

The post RUSIZI: Imirenge sacco irasabwa kurangwa n’imiyoborere myiza appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.

Sipiriyani Mutwarasibo, umuyobozi w’Akarere ka Huye wungirije ushinzwe ubukungu n’iterambere, wari waje kwifatanya n’abanyehuye gutaha iyi Sacco, yabashishikarije gukora cyane baharanira kuba abakire, ndetse akaba ari na byo baraga abana babo aho kubatoza kwangana.

Yagize ati “Mukore, ibintu by’amatiku mubivemo, ahasigaye buri wese yibaze ati nabona amafaranga gute ? Iki ni cyo umuntu yagombye kuba atekereza. Mu bihugu byateye imbere, abaturage babo, ku munsi w’ubunani, ababyeyi baricara bakabwira abana babo, ngo kura, ujye ejuru, uzasohoke ujye gushaka amafaranga, amafaranga ni yo azatuma utera imbere.”

Yunzemo ati “Ibi ni byo abarabu, abahinde babwira abana babo. Ariko twebwe turavuga ngo kura ujye ejuru ariko uzange runaka … bariya batumereye nabi … kura vuba uzabankize. Ibi turaga abana bacu si byo. Twakabaye tubabwira ngo kura utere imbere, bakure bazi ko ubuzima ari amafaranga.”

Na none kandi, kunywa inzoga ziyobya ubwenge na byo biri mu bidindiza iterambere. Ni yo mpamvu Mutwarasibo yabwiye abanyehuye ko badashobora kubona icyo bazigama, ko badashobora gutera imbere bagifite imyumvire yo kunywa bene izi nzoga.

Yagize ati “Icya mbere izi nzoga zituma ukoresha amafaranga wakagombye kwizigama akaguteza imbere. Ikindi, izi nzoga zikwicira ubuzima kuko uzabyuka uhondobera, nta gahunda, ntubashe gukora, cyangwa ugateza umutekano mukeya iwawe.”

The post Huye: Barashishikarizwa gukora cyane, bakabiraga n’abana babo appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.

Ikigo cy’igihugu gishinzwe guteza imbere amakoperative (RCA) kiratangaza ko hari imwe mu mirenge sacco kugeza ubu itanga inguzanyo ku buryo budasobanutse kuburyo hari n’abazihabwa batujuje ibisabwa.
Yandagiriye Pascal, ushinzwe ubugenzuzi muri iki kigo gishinzwe guteza imbere amakoperetive avuga ko hari amwe mu ma sacco kugeza ubu afite za komite zikora nabi ndetse n’ubuyobozi bwa sacco nabwo bugakora nabi.
Iyi mikorere ikaba ikurikirwa n’ibindi bikorwa byo gukoresha amafaranga nabi aho bamwe mu banyamuryango bahabwa inguzanyo batabikwiye kubera ikimenyane cyangwa ubundi butiriganya.
Yandagiriye akomeza avuga ko uku gutanga amafaranga ku buryo butemewe byica byinshi kuko bituma amwe mu masacco asubira inyuma ku buryo bugaragara kuburyo hatagize igikorwa amwe ashobora no guhomba burundu.
Aba baba bahawe inguzanyo ku buryo butemewe ngo byagaragaye ko aribo bagira ahanini ikibazo cyo kutishyura uko bikwiye kuko amafaranga bahabwa nta mushinga aba yigiwe ngo akoreshwe ku buryo azabyara inyungu.
Muri uku gutanga inguzanyo kandi ngo haracyagaragara abanyamuryango ba za sacco bagifite umuco wo kwambura kuko batarasobanukirwa akamaro k’ibigo by’imari.
Mu busanzwe abagize komite za sacco akaba aribo bagira uruhare rukomeye mu kumenya abagomba guhabwa inguzanyo n’abatagomba kuzihabwa bitewe n’uko iyi komite iba yize amadosiye yabo.
Bamwe mu bagize komite za sacco mu karere ka Muhanga batangaza ko bari gukora ibishoboka byose kugirango iki kibazo cy’abahabwa inguzanyo ku buryo butemewe gicike.
Bamwe bakaba bavuga ko ikijyiye gukorwa ari uko ari ugukomeza komite maze zikajya zikora ku buryo bukwiye kandi mu buryo bw’umucyo.
Uwitwa Higiro Venuste, umujyanama wa Sacco yo mu murenge wa Nyamabuye avuga ko aho ibi bibazo byabaye byo kugira abanyamuryango batishyura neza inguzanyo batangiye kubegera kugirango babereke inzira nziza yo kwishyura amafaranga batsemo inguzanyo.
Ikindi kibazo cyagaragajwe ni icy’abanyamuryango baka inguzanyo z’imishinga bamara kuzibona bagahindura imishinga bakikorera indi idahuye n’iyo batanze. Yandagiriye avuga ko ibi bihombya ku buryo bugaragara imirenge sacco kuko aba bahinduye imishinga batajya babasha kwishura uko bikwiye.

The post Amwe mu ma sacco yagaragayemo abanyamuryango bahabwa inguzanyo ku buryo butemewe appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.

Ubuyobozi bwa sacco Dukire yo mu murenge wa Nyarusange mu karere ka Muhanga ho mu ntara y’Amajyepfo buratangaza ko bamwe mu baturage batari bake muri uyu murenge batinya kugana imirenge sacco kuko bahombeye mu bigo by’imari (microfinance) byahombye.
Mu myaka yashize leta yashishikarizaga abanyarwanda kugana ibigo by’imari birimo by’umwihariko ibiciriritse aribyo microfinance nyamara nyuma y’igihe kitari kinini zimwe zatangiye kugaragaza ibibazo kuburyo mu mwaka w’2006 zatangiye guhomba ndetse ziranafunga burundu.
Abaganaga ibi bigo batari bake bakaba barabigiriyemo igihombo gikomeye kuko kugeza magingo aya kuva byahomba bamwe batarabonamo amafaranga bari bafitemo kimwe n’uko hari abandi bajyanye umwenda w’ibi bigo.
Uwase Claudine, umuyobozi w’inama y’ubuyobozi ya sacco Dukire Nyarusange avuga ko iki kibazo cy’ibi bigo byahombye gikomeje gukurikirana abatuye uyu murenge kuko byatumye hari bamwe bacika ku mabanki cyangwa ibigo by’imari.
Uwase akomeza avuga ko hari bamwe mu baturage babitsaga muri ibi bigo byahombye bababwiye ko badashobora kugana umurenge sacco kuko batinya ko wazabakorera nk’ibyo ibigo babitsagamo byabakoreye maze bagahomba bikomeye. Ibi ngo byatumye bahitamo kubika amafaranga yabo mu mu ngo zabo.
Uwase ati: “hari ubwo uba uri nko mu bukwe ahantu muri uyu murenge, umuntu agataka ngo bamutwaye ibihumbi Magana atanu, ugasanga ngo utwe twose atubika aho”.
Akomeza avuga ko nubwo bigoye cyane gukuramo aba baturage ko izi sacco zitazabahemukira kuko uyigana ashobora no kuba umunyamuryango wayo ngo hari abatabyumva, akaba ariyo mpamvu bakomeje ubukangurambaga babereka ko mu mirenge sacco bazakuramo inyungu kurusha uko bakuramo igihombo.
Sacco Dukire Nyarusange ifite abanyamuryango 3200 mu gihe umurenge wose ufite abaturage ibihumbi 25, abagera ku bihumbi 15 birenga akaba aribo bujuje imyaka y’ubukure bakaba kandi ari nabo bashobora kugana ibigo by’imari cyangwa amabanki.
Harerimana Jean Bosco, umukozi w’akarere ka Muhanga ufite mu nshingano amakoperative, ubucuruzi n’ishoramari avuga ko kuri ubu batangiye gukurikirana ikibazo cy’abantu bahombeye muri ibi bigo by’imari kuko ngo batangiye kwishyuza ababyambuye kuva byafunga mu mwaka w’2006.
Kuva mu mwaka w’ingengo y’imari ushize akaba aribwo bamwe batangiye kwishyurwa. Miliyoni zigera ku icyenda nizo zimaze kwishyurwa muri miliyoni zirenge 38 zigomba kwishyurwa.
Harerimana avuga ko nubwo sacco zaje mu gihe ibi bigo byari bimaze guhomba ngo ntibizibuza gukora neza muri aka karere kuko ngo kuri ubu ubwizigame bwa za sacco mu karere kose bumaze kurenga miliyari.

The post Muhanga: abaturage batinya kugana sacco kubera gutinya guhomba nko muri za microfinance appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.

Kimwe mu bibazo byafashe umwanya munini mu nama yahuje abacungamutungo b’amashami y’ubwisungane mu kwivuza, abacungamutungo b’imirenge SACCO, abayobozi b’inama y’ubutegetsi y’ikigo cy’ubwisungane mu kwivuza n’imirenge SACCO  mu karere ka Rutsiro ni ikibazo cy’imisanzu igera kuri miliyoni 200 abanyamuryango b’ubwisungane mu kwivuza banyujije mu mirenge SACCO ariko imirenge SACCO ikaba igaragaza ubushake bucye bwo kurekura iyo misanzu nk’uko byasobanuwe n’umuyobozi w’ikigo cy’ubwisungane mu kwivuza cy’akarere ka Rutsiro, Mukantabana Anne Marie.

Ati : “ Twifuza ko ayo mafaranga yazamurwa akajya gukora icyo yatangiwe aho kugira ngo SACCO ziyagumane.”

Ubuyobozi bwa mituweli mu karere ka Rutsiro buvuga ko hariho amabwiriza ya minisiteri y’imari n’igenamigambi (MINECOFIN) yatangiye kubahirizwa guhera mu kwezi kwa 11 mu mwaka wa 2012. Ayo mabwiriza ateganya ko amafaranga abaturage bakusanyirije hamwe mu kimina cyangwa se umuntu ayatanze ku giti cye ashyirwa kuri konti y’ishami ry’ubwisungane mu kwivuza iri mu murenge SACCO.

Umukozi w’ishami ry’ubwisungane mu kwivuza asaba umucungamutungo w’umurenge SACCO kuzamura ayo mafaranga akavanwa kuri konti y’ishami ry’ubwisungane mu kwivuza iri mu murenge SACCO agashyirwa kuri konti y’ikigo cy’ubwisungane mu kwivuza ku rwego rw’akarere iri muri banki y’abaturage.

Iyo iyo misanzu igeze kuri konti y’ikigo cy’ubwisungane mu kwivuza, umucungamutungo w’icyo kigo ni we uyikuraho akayishyira kuri konti y’ikigo cy’ubwisungane mu kwivuza iri muri banki nkuru y’u Rwanda (BNR) noneho ayo mafaranga akabona gutangira gukoreshwa ibyo yateganyirijwe birimo kwishyura ubuvuzi bwakorewe abanyamuryango ku rwego rw’ibitaro n’ibigo nderabuzima ndetse no guhemba abakozi bakora mu bijyanye na mituweli.

Ubuyobozi bwa mituweli mu karere ka Rutsiro bugaragaza ko aya mabwiriza imirenge SACCO itayubahirije uko bikwiye kuko hari amafaranga agera kuri miliyoni 200 akiri ku mirenge SACCO kandi na yo yaragombaga kuba yarazamutse akanyura kuri iyo konti y’ikigo cy’ubwisungane mu kwivuza iri muri banki nkuru y’u Rwanda noneho akishyura ubuvuzi bwakorewe abanyamuryango.

Umuyobozi w’akarere ka Rutsiro, Byukusenge Gaspard  nawe wari watumiwe muri iyo nama yasabye imirenge SACCO kudafatira imisanzu y’abanyamuryango b’ubwisungane mu kwivuza, yibutsa abari bahagarariye imirenge SACCO ko umunyamuryango aba afite uburenganzira bwo kubitsa no kubikuza igihe cyose abishakiye.

Yagize ati : “ Bantu bayobora za SACCO! Aya mafaranga muyimana ari ayanyu? Mituweli ni umunyamuryango nk’abandi, niba aje kubitsa agomba no kubikuza.”

Imwe mu mpamvu abacungamutungo b’imirenge SACCO batanga zatumye bayatindana ngo ni uko iyo bayarekuye ajya guteza imbere andi mabanki, bityo imirenge SACCO yo ntigire inyungu iyabonaho.

Indi mpamvu ituma ayo mafaranga atinda mu mirenge SACCO ngo ni uko imirenge SACCO iyatangaho inguzanyo kimwe n’andi mafaranga yose abitse muri SACCO. Mu gihe imirenge SACCO yaramuka iyohereje yose ku yandi mabanki ngo SACCO zahomba kubera ko zitabasha gutanga inguzanyo.

Umwe mu myanzuro yafashwe yumvikanyweho n’imirenge SACCO ndetse n’ubuyobozi bwa mituweli ni uko bagiranye amasezerano yanditse, muri ayo masezerano bakaba bemeranyije ko ikigo cy’ubwisungane mu kwivuza kizajya gihemba imirenge SACCO ifaranga 1% ku mafaranga yose umurenge SACCO wabashije kuzamura ku itariki bemeranyijweho, ni ukuvuka tariki ebyiri za buri kwezi.

Ku rundi ruhande, ayo masezerano ateganya ko mu gihe imirenge SACCO izajya itindana iyo misanzu na yo izajya itanga amande angana na  1.5% by’amafaranga yose yatinze kuzamura.

The post Rutsiro : Imirenge SACCO iratinda kurekura miliyoni 200 z’imisanzu ya mituweli yazinyujijwemo appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.

Inyubako ya sacco Bukure yatashywe ku mugaragaro

Ubwo hatahwaga ku mugaragaro inyubako ya sacco y’umurenge wa Bukure mu karere ka Gicumbi irangiye itwaye amafaranga arenga miliyoni makumyabiri n’eshatu  (23589135frw) yatanzwe n’abanyamuryango  bayo ndetse n’abaturage muri rusange.

Madamu Mutumwinka Console watanze ubuhamya akaba yashimiye sacco kuko yamukuye mu bukene mu gihe yari ageze mu cyiciro cy’ubukene agera n’aho gutangirwa mutuelle de santé ariko ubu nyuma yo kugana sacco akaba yoroye ndetse akaba ashobora kwitabira gahunda za leta zitandukanye nyuma y’uko yari mu bukene.

Ati “ aho nasaruraga imyaka  itarera kubera ubukene  nagurishaga ikiro cy’ibishyimbo 100 mugihe abandi babigurishaga 300, ubu nkaba nshimira sacco kuba yarankuye mu bukene hamwe n’itsinda Icyerekezo nyoboye ry’abagore icyenda ryo mu mudugudu wa Kivumu”.

Sacco ikaba itanga inguzanyo kuri aba baturage mu birebana n’ubuhinzi n’ubworozi , ubucuruzi ndetse batanga n’ingoboka irebana no kurihira abanyeshuri amashuri.

Muvugwabigwi Jean Nepo perezida w’inama y’ubutegetsi ya sacco Bukure akaba yagaragaje ko muri gahunda ya leta yo kuvana abaturage mu bukene harimo na sacco bamaze kugera kuri byinshi.

“ ibyo birimo kuba dufite abaturage dukorana  barenga ibihumbi bibiri, ubwizigame bwa miriyoni zirenga  icumi nimwe  n’amafaranga y’abaturage angana na miriyoni mirongo icyenda n’ine babitsa”.

Abandi bahawe inguzanyo yo kugura inka zo korora

Bakaba bifuza gukorana na buri rugo ndetse n’abantu bafite imyaka ishobora kubemerera gukora n’ibigo by’imari. Yakomeje akangurira abaturage kurushaho kubitsa kugirango abandi babone amafaranga bagurizwa ndetse bakumvako sacco ari iyabo ko bagomba gukorana nayo birinda kubika amafaranga mu ngo zabo.

Uwari uhagarariye ikigo cy’igihugu cy’amakoperative muri uyu muhango Kwikiriza Jackson,akaba  yashimiye abaturage ubwitange bagaragaje biyubakira inzu ya sacco ijyanye  n’igihe.

“ ndabasaba kuyibyaza umusaruro muyikoresha icyo mwayubakiye, ikazabafasha kwiteza imbere binyuze mu kwizigamira amafaranga ndetse no gufata inguzanyo ndetse mukayishyurira ku gihe”.

Umukozi w’akarere ushinzwe iterambere ry’ibigo by’imari biciriritse n’ishoramari mu karere ka Gicumbi Nzayiramya Tharcisse yashimiye ubuyobozi n’abaturage by’umwihariko ku gikorwa bagezeho cyabatwaye imbaraga nyinshi.

Ati “ haracyari akazi kenshi ko gukangurira abaturage bose kwizigamira  kuko intego y’igihugu ari kugeza abaturage ku kigero cya 80% bakorana n’ibigo by’imari mu mwaka wa 2017”.

Yasabye abakozi ba sacco kwakira neza abakiriya babo ndetse no gucunga amafaranga yabo neza birinda kuyanyereza ahubwo bagashishikarira kubateza imbere hirindwa gusenya ibimaze kugerwaho  no gusubira inyuma.

Iyi sacco ikaba yubatse mu mudugudu wa Rwarenga akagari ka Kigabiro ikaba izafasha utugari tune tugize uyu murenge ndetse n’abandi bose babyifuza.

The post Bukure : Abaturage barishimira ibyiza SACCO yabagejejeho appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.

Ruboneza Ambroise Umuyobozi w’Akarere ka Gatsibo

Abaturage bo mu Murenge wa Nyagihanga mu Karere ka Gatsibo, barashishikarizwa gukorana n’ibigo by’imali iciriritse na za SACCO ngo kuko ariyo nzira yihuse yatuma bivana mu bukene, bakabasha gutera imbere byihuse.

Ibi abaturage bo muri uyu Murenge babisabwe n’umuyobozi wa Karere Ruboneza Ambroise ubwo yafunguraga ku mugaragaro inyubako nshya ya Nyagihanga Terimbere SACCO ku wa 8 Gicurasi 2013.

Ruboneza yagize ati:”twebwe nk’ubuyobozi bw’Akarere icyo dukora ni ugushishikariza abaturage kwitabira gukorana na za SACCO no kwibumbira mu makoperative atuma biteza imbere niyo gahunda ya Leta yo kwivana mu bukene”.

SACCO Terimbere Nyagihanga ni koperative yo kubitsa no kuguriza, ikorera mu Karere ka Gatsibo Umurenge wa Nyagihanga, iyi koperative yatangiye mu mwaka wa 2010 n’abanyamuryango 1257 n’imali shingiro ya miliyoni 15,

Ubu igeze ku mali shingiro ya miliyoni 24 n’ibihumbi 571 n’abanyamuryango 5626,  ubwizigamire bw’abanyamuryango bugeze kuri miliyoni 49 n’ibihumbi 765 n’inguzanyo hanze zingana na miliyoni 22 n’ibihumbi 921.

Inyubako nshya ya Terimbere Nyagihanga SACCO

Munyaneza Jean Baptiste umucungamutungo w’iyi SACCO, yavuze ko intumbero yabo ari; gukorera mu mucyo, gutanga serivisi nziza zinoze, kubaha igihe no kwitangira umurimo.

Kuva Terimbere SACCO yatangira imaze kugeza byinshi kubanyamuryango bayo birimo;  nka gahunda yinguzanyo y’ingoboka, gahunda ya gira moto ahatanzwe inguzanyo ya moto 2 n’amagare 303, hanatanzwe kandi unguzanyo ya matola 180.

Iyi nyubako yuzuye itwaye amafranga angana na miliyoni 22 n’ibihumbi 548 z’amanyarwanda, abanyamuryango bayo bakaba baragize uruhare runini mu kuyubaka aho buri wese yatangaga ibihimbi 3.

The post Nyagihanga: Barasabwa kwitabira gukorana na SACCO appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.

This can be confirmed through financial institutions that have continuously made their services and customer care better.

Felecien Nkurikiyumukiza the client of Unguka Bank who resides in Nganzo sector in Gakenke sector says Unguka Bank gives its clients best services as much as it can offer compared to other banks operating in Gakenke.

“Considering the banks I have been to operating in Gakenke district, Unguka Bank has better reception services, the communication of their workers, service delivery and among others. And even the loan service is quick and easy to get” Nkurikiyumukiza says.

Nkurikiyumukiza is one of the first clients of Unguka Bank when it started operating in Gakenke district. He says he was given a loan to buy a motorcycle and now he is done with repaying it.

Moving out of the bank with his bank notebook in his hand, Boniface Ndaberetse says that in the shortest time he has been working with Unguka Bank, he is grateful for their better services.

Ndaberetse says he plans to get a credit to improve and expand his poultry farming and he is anticipating if still he will get good services even in loan services as the bank claims.

Antoine Rukara the accountant of Unguka Bank the Gakenke branch says they give the credits in the shortest time if the customers has all the required.

Unguka Bank has provided credits and loans services to about 400 customers in the last 2 years it has been operating in Gakenke district.

Unguka Bank started with 2 branches in the country but now it has more than 20 branches all over Rwanda. This quick development is due to good customer care and better service delivery.

The post Gakenke: Unguka Bank commended as best in customer care, service delivery appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.

Residents blame the loss on how the financial institutions give them money without guarantee but on their friends’ signatures. People who sign for them get their property sold because the beneficiaries fail to pay back.

The reason residents dubbed it “tunekwa” is because members are asked to pay every week and getting that money requires one to work day and night.

This is confirmed by residents who signed for people that accessed credit from banks like Urwego Opportunity Bank that sold their property after it couldn’t trace the beneficiaries.

Sperata Nyirangirimana, in charge of cooperatives in Ngororero district asserts that according to how residents get money and pay it back, it’s hard to get profits, the reason why most of them keep quiet and hide leaving others to lose their property in the course.

Heads of cooperatives in sectors request higher authorities to help residents terminate agreements they signed with such banks so that they access loans in a way that benefits them.

The post Ngororero: Residents complain over credit schemes appeared first on twizigamire | Kinyarwanda, Rwanda Finance, Rwanda Banks, Rwanda Economy, Rwanda Money.