BK gives out loans to Musanze residents to buy shares

Bank of Kigali has launched a one-month campaign to encourage local residents in Musanze District to buy its shares. Speaking to The New Times, Musanze Branch manager, Daniel Nsengabera, said that small income earners would be facilitated to buy shares through loans advanced by the institution.

Bank of Kigali has launched a one-month campaign to encourage local residents in Musanze District to buy its shares.

Speaking to The New Times, Musanze Branch manager, Daniel Nsengabera, said that small income earners would be facilitated to buy shares through loans advanced by the institution.

“This is a special opportunity, for all people to invest their money; besides the benefits in terms of dividends, they become partners and shareholders,’’ Nsengabera said

BK is presently offloading 45 percent of its shares with 60 percent reserved for Rwandans and those within the East African region, while another 40 percent would be sold to foreign investors.

The minimum shares one can buy is 100. Each share costs Rwf 125.

 “That is how some people in developed countries get rich...buying shares in promising institutions and enjoy huge profits. It’s a program that will uplift the economic status of Rwandans,” Nsengabera said.

A district official who turned up to buy shares, Jerome Mugenzi, commended the initiative, saying it would boost incomes and enable shareholders to carry out their own investments in future.

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