Rwanda: Umurenge Sacco Deposits Hit Rwf 10 Billion

Despite facing several administrative and ownership challenges, Umurenge SACCO, a government initiated microfinance programme at the local administrative level, managed to amass over Rwf10bn by the end of the first quarter of 2011.

Appearing before the Senate yesterday, the Minister of Finance, John Rwangombwa, said that the deposits and membership was impressive despite the challenges.

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