Umurenge Sacco vital in alleviating poverty

Editor,  The introduction of Umurenge Savings and Credit Cooperatives (SACCOs) was a noble idea and evidence on the ground shows that it has indeed helped in alleviating poverty among many rural residents.
A Umurenge SACCO office in rural Rwanda. Saccos play a pivotal rile in fighting against poverty. The New Times / File.
A Umurenge SACCO office in rural Rwanda. Saccos play a pivotal rile in fighting against poverty. The New Times / File.

Editor,

The introduction of Umurenge Savings and Credit Cooperatives (SACCOs) was a noble idea and evidence on the ground shows that it has indeed helped in alleviating poverty among many rural residents.

There is clear evidence of transformation of people’s lives in several districts. For instance, the programme has among other things boosted rural savings and enabled the rural poor to acquire loans.

I wish our government launches more initiatives aimed at increasing access to financial services for enhance a better life among all Rwandans.

Maureen Uwineza
Kigali

Subscribe to The New Times E-Paper


You want to chat directly with us? Send us a message on WhatsApp at +250 788 310 999    

 

Follow The New Times on Google News