{{In order to emphasize the culture of saving among Rwandans, the Government has launched Umurenge Savings and Credit Cooperatives, commonly known as Umurenge SACCO.}}
Residents of Bumbogo Sector in Gasabo District say that since the establishment of Zamuka Bumbo SACCO, their lives have improved socially and economically due to access to banking services and use of modern technology in the banking sector.
However, there are some residents that have not embraced the idea of joining the SACCO.
According to Bumbogo Executive Secretary Jean Marie Vianey Ntaganzwa, the sector has the total population of 26, 215 and 90% of them shows the commitment to actively participate in government programs.
Recent statistics showed that about 4040 residents have joined Savings and Credit Cooperative named “Zamuka Bumbo SACCO” and the number of women asking credit is still low.
Speaking to IGIHE, Ingabire Claudine, a Credit Agent of Zamuka Bumbo SACCO says among 230 people that requested for credit services only 67 of them were women.
“The reason why women are not participating is due to their economic capacity, women are found in traditional farming activities only they don’t like to ask for credit for fear that they can fail to pay back the money borrowed” explained Ingabire.
It was noted that by end of 2012, Zamuka Bumbo SACCO credited about Rwf 208,111,400 and most of the projects that were funded are commercial projects.
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