4 June 2012

Rwanda: HHO to Fight Mismanagement of Funds in Cooperatives

The Rwandan non-profit organization Hand in Hand Organization( HHO) said it is going to make a follow up on the poor management of some of the cooperatives and their funds by training accountants and auditors, the Organisation President Claver Gasirabo has said.

This was said on the official closure of the 3 days training Nyanza district that was held in Dayenu Hotel that brought about 25 accountants from cooperatives that work in different sectors in Nyanza district.

Gasirabo said that history of cooperatives show that cooperatives never developed their members though that was their first objective. "In most countries in the world, their residents developed because of cooperatives."

He gave examples of Kenya, USA, Japan, Singapore, and others and said that forming cooperatives is one of the reasons that lead to development of these countries.

He gave an example of TRAFIPORO cooperative in Rwanda that was once strong and successful but collapsed due to misuse of its funds. He said that above this, the way they prepare projects also play a part in the development of the cooperatives.

Every project should start on the amount of money the cooperative has, the support and credit come later as help to the project.

Dominique Mugiraneza one of the trainees said that they learnt a lot from this training that they didn't know.

This training was prepared by HHO with the support of Rwanda Cooperative Agency (RCA)

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