{"id":33152,"date":"2017-03-11T13:21:24","date_gmt":"2017-03-11T13:21:24","guid":{"rendered":"https:\/\/new.igihe.com\/women-in-drive-to-raise-usd-20-million-for\/"},"modified":"2017-03-14T13:16:30","modified_gmt":"2017-03-14T13:16:30","slug":"women-in-drive-to-raise-usd-20-million-for","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/women-in-drive-to-raise-usd-20-million-for\/","title":{"rendered":"Women in drive  to raise USD 20 million for investment"},"content":{"rendered":"<p>{Women working together in  New Faces New Voices Association have launched a fund dubbed \u2018Rugori Fund\u2019 in which they target to  raise USD 20 million to used in supporting small businesses  access loans to expand their projects.}<\/p>\n<p>This  was unveiled yesterday during the general assembly of New Faces New Voices whose  Chairperson in Rwanda, Dr Monique Nsanzabaganwa explained that the fund has two targets aimed at helping women access financial services and savings.  <\/p>\n<p>\u201cThis fund will meet  two needs;  helping women to save and invest at the stock exchange in various forms earning dividends  each trimester,\u201d she said.  <\/p>\n<p>\u201cThey will invest in long term stocks where borrowers can access the raised savings as loans and investors get profit from the interest,\u201d ,\u201d she explained.   <\/p>\n<p>She noted that they want to start with an initial investment of USD 20 million. Those who will bring short term investment in Rugori Fund will receive a profit of 8% and above each quarter while  women projects will get  loans at an interest rate of not beyond 12%. <\/p>\n<p>Nsanzabaganwa said the fund will support other financial institutions and complement them with providing loans and support formal investments. <\/p>\n<p>Women in Rugori Fund are required to raise at least USD 5 million in long term investment to attract big investors and the government of Rwanda. <\/p>\n<p>The Fund shall be  providing loans to  projects as big as  USD 50,000 and above. It will also intervene in building business knowledge and management of borrowers  enabling them  reach their goals. <\/p>\n<p>It will be managed by financial management experts. Each share will go for  Rwf 1000 and a  member is required to buy a minimum of five shares. <\/p>\n<figure class=\"spip-document spip-document-18718 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/33-56-f7849.jpg\" alt=\"Members of New Faces New Voices Association during the General Assembly yesterday.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{Women working together in New Faces New Voices Association have launched a fund dubbed \u2018Rugori Fund\u2019 in which they target to raise USD 20 million to used in supporting small businesses access loans to expand their projects.} This was unveiled yesterday during the general assembly of New Faces New Voices whose Chairperson in Rwanda, Dr [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[72,75],"byline":[170],"hashtag":[],"class_list":["post-33152","post","type-post","status-publish","format-standard","hentry","category-news","tag-featured-news-home","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/33152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=33152"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/33152\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=33152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=33152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=33152"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=33152"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=33152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}