8 June 2012

Rwanda: VSLS Groups in Ngororero Save Over Rwf150 Million

According to Mr Barishesha Boniface, coordinator of Tubibe Amahoro in Ngororero District, over 150 million of Rwandan francs has been saved by voluntary saving and loans groups in the area.

During the Open day prepared by Ngororero District in partnership with District joint action Forum, visitors were surprised by the way citizens organize themselves until they save such amount of money.

Since the start of VSL in 2009 90 new VSL groups were created and made 257 acting groups according the presentation. Beneficiaries groups hold a weekly meeting to save. They also give a loan with the interest of in between 5-10 reimbursed in three months.

Visitors were explained that VSL has impacted much to community development. The 2012 DJAF takes place while 112 groups cooperate in health insurance (Mituelle De Santé) payment, while others have their initiatives such as rotation in buying hoes, foam, etc.

VSL project operates in Muhororo and Kageyo sectors and was conceived to give assistance to vulnerable groups including Genocide Survivors, Orphans, People living with HIV, Vulnerable returnees from refuges' camp etc.

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