Savings scheme will improve teachers’ welfare

The management of Umwalimu SACCO, the teachers’ credit and savings cooperative, has announced an asset growth of 143.3% to Rwf7.3 billion in 2010, up from Rwf3 billion the previous year.Last year alone, the teachers’ cooperative society gave out loans amounting to almost Rwf4 billion, nearly twice the total amount it issued in 2009. Individual members can now access loans of up to Rwf15 million, up from the previous Rwf3 million ceiling.