{"id":36620,"date":"2017-12-27T20:13:58","date_gmt":"2017-12-27T20:13:58","guid":{"rendered":"https:\/\/new.igihe.com\/umwalimu-sacco-earns-rwf3-billion-interest\/"},"modified":"2017-12-27T20:13:40","modified_gmt":"2017-12-27T20:13:40","slug":"umwalimu-sacco-earns-rwf3-billion-interest","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/umwalimu-sacco-earns-rwf3-billion-interest\/","title":{"rendered":"Umwalimu Sacco earns Rwf3 billion interest"},"content":{"rendered":"<p>The income is attributed to credits delivery and good monitoring for their reimbursement.<\/p>\n<p>Speaking at the general meeting on Wednesday, the cooperative\u2019s Director General, Laurence Uwambaje said the income surpassed the target of Rwf8 billion.<\/p>\n<p>\u201cWe did our best to increase Umwali Sacco\u2019s assets from members\u2019 participation. It is obvious that we have surpassed our target to Rwf9 billion contrary to Rwf8 billion that was targeted before expenditures,\u201d she said.<\/p>\n<p>She said the cooperative had registered a net profit of Rwf2,218,000,000 by November.<\/p>\n<p>The gross profit has increased from Rwf3 billion in 2016 to Rwf3.25 billion.<\/p>\n<p>The cooperative has provided a total of Rwf49 billion in credits up to now, which were mainly allocated into houses construction, project development and salary advance, among other types of credits.<\/p>\n<p>Among these credits, 50% went into construction purposes whereas project development took only 16%.<\/p>\n<p>Protais Niyonzima, a teacher in Gakenke District, said the cooperative is helpful to teachers but pleaded for improved access to credits by cutting short the process and costs, things which discourage members.<\/p>\n<p>Umwalimu Sacco is an initiative that was introduced by the government to promote teachers\u2019 welfare through projects financing. The cooperative currently has 75,000 members.<\/p>\n<figure class=\"spip-document spip-document-23562 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/sacco.jpg\" alt=\"Umwalimu SACCO Director General, Laurence Uwambaje speaks in the meeting\" \/><\/figure>\n<figure class=\"spip-document spip-document-23561 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/sacco1.jpg\" alt=\"Members of the cooperative in the General Assembly\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Teachers Saving and Credit Cooperative (Umwalimu Sacco) has cumulatively earned Rwf9 billion, making an interest of Rwf3.25 billion before paying taxes in 2017.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-36620","post","type-post","status-publish","format-standard","hentry","category-news","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\/36620","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=36620"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/36620\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=36620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=36620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=36620"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=36620"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=36620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}