Insight
SACCOs investments grow to Rwf 11.8 billion
Total investiments for Savings and Credit cooperatives-SACCOs have grown to Rwf 11.8 billion since 2009.Just last year, cooperatives were able to invest Rwf 2.8 billion, an indication that there is an increase in the population using bank services mainly the rural folks.The saccos saw registered members increase by 22.3 per cent to 1.7 million in 2012 up from 1.3 million in 2011 with members with remitted shares going up by 29.9 percent to 1.4 million in 2012 up from 1 million the previous year.
A customer being served in a local sacco: The sector has realised fast growth in recent years. The New Times / File.