UNGUKA microfinance profits surge

UNGUKA microfinance net profit increased by 57.6 percent to Rwf230m in 2010 from Rwf146m in 2009 on account of increased customers with good track records in loan servicing.“Our profits have been gradually improving and we noticed that it can even be more provided our service improves in terms of quality,” Faustin Byakunda, the Director General of UNGUKA said, Sunday, during the MFI’s annual general meeting.