The Ministry of Youth and ICT (MYICT) in conjunction with the Ministry of Gender and Family Promotion (MIGEPROF) launched new fund to boost women and youth entrepreneurs.
The fund was launched in Nyaruguru District on Wednesday, November 29, 2012; it aims at empowering women and youth to overcome poverty by helping them increase their access to finance to start income generating activities.
Jean Philbert Nsengimana, the Minister of Youth and ICT, urges Youth and Women to save so that they can get a small capital to start their own projects generating revenues.
He said, “Let us embrace the culture of saving; that’s how all developed countries look after to be advanced”.
The Permanent Secretary in the Ministry of Gender and Family Promotion, Julienne Munyaneza requested women to use well the loan they’ll get and gain more.
Vestine Kamaliza, a resident in Nyaruguru district commends SACCO for providing her with a loan to start tailoring business.
‘Women and Youth Access to Finance’ program will first work in six districts; Nyaruguru, Nyamagabe, Gisagara, Nyamasheke, Karongi and Ruhango before it is rolled out countrywide.
The fund was shaped by MYICT, MIGEPROF, Business Development Fund (BDF) and the Rwanda Cooperative Agency (RCA).
Women constitute 52% of the whole population while young people below 35 years make up 78.8%.
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