Saving in schools gains momentum
Visit any upcountry school and you will get amazed at how much the pupils/students understand that they have to save the little they receive from their parents. They have even gone an extra step and formed savings clubs. “The most important thing is to start with the little money you get, and with patience, one may end up a millionaire,” said Zawadi Mugurwanyana, a senior five student at Ecole Secondaire Rusumo, Kirehe district. The teen has so far managed to save Rwf1000 with a local micro finance institution (Umurenge Sacco). Mugurwanyana started saving last month after undergoing training on saving and being helped to open an account by her school. Although the money is still little, the student is proud of her achievement.
Pupils deposit their savings in a local bank. There are currently thousands of children saving with various financial institutions. (File)