Rwanda | Teacher’s saving scheme makes profit of Rwf700M

Saving Schemes in Rwanda, commonly known as Umwalimu Savings and Credit Cooperatives (SACCOs) have announced a profit of almost 700,033,594 Rwandan francs in the year 2011. The bank announced its balance sheet, as part of the financial institutions requirements to publish their financial performance annually. Other banks have also declared their ranks. Jean Marie Vianney Nzabahimana, the SACCO’s chief manager said that despite its late payment... Read More