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The Latest News from SaCoDe, September 2023

Savings and Loans: A Foundation for Financial Stability

Since May, the GATUMBA center has been able to set up 3 village savings and loan associations. In the village I of the RUKARAMU zone, a village savings and loan association has been set up (TUGIRURUNANI), and two village savings and loan associations in village KINYINYA II of the RUKARAMU zone in the MUTIMBUZI commune (DUSENGE DUKORA and TUMARANUBUKENE). One hundred and twenty-three individual income-generating activities have been set up in these three associations. Today, the GATUMBA center has 11 village savings and loan associations.


At the KARUSI center, there are eleven village savings and loan associations. These have been set up in the communes of NYABIKERE and GIHOGAZI, with ten associations in the commune of NYABIKERE and one in the commune of GIHOGAZI. Eight collective income-generating activities (8AGRs) were set up in five associations and 123 individual income-generating activities (123AGRs) in 22 associations.


In the center of Ngozi, four village savings and loan associations were set up during the three months. From May to August 2023, fifty-five income-generating activities were monitored and identified within these 4 associations. All these associations are in the MWUMBA commune's area of action, with TUJIJUKE on the RWABIRO Hill, TSIMBATAZA AMAHORO on the NTEMBE Hill, DUFATANE MUNDA on the BURENZA Hill and JIJUKA on the MUSHITSI hill. For the RUYIGI center, two village savings and loans associations have been set up in the BUTANGANZWA commune, with sixty individual income-generating activities.


In the center of KIRUNDO, twenty-eight village savings and loan associations have been set up in the ITERAMBERE phase. Of these, twenty-five collective income-generating activities were recorded. One hundred sixty-eight thousand individual income-generating activities have also been identified among these associations' members. At the GITEGA center, five village savings and credit associations have progressed to the ITERAMBERE phase, with two collective income-generating activities and thirty-eight individual income-generating activities. The CIBITOKE center recorded five associations that have migrated to ITERAMBERE with forty-six individual income-generating activities.

Help us Empower Women, and Youth in Entrepreneurship education: Financial empowerment of youth and women
  • Access to information on financial education: There is a lack of knowledge about entrepreneurship among thousands of women and youth. The "VSLA" approach is taught to community leaders to raise awareness of the approach among the people (women and youth).


  • Grouping of women and youth in Village Savings and Credit Associations: Young people and women still face barriers to accessing funds for entrepreneurship. An affordable and secure source of financing is needed for them. Therefore, they are grouped into Village Savings and Credit Associations (VSLAs) of 30 members each. Once in the VSLA, these young people and women receive education, coaching, and support either in person or via SMS from an expert staff member. By taking out micro-credits at rates that are acceptable and favorable to them, they contribute to the financing of their own lives.


  • Creation of Income Generating Activities (IGAs): Through microcredits, women and youth can receive funds to invest individually or in groups. In addition, IGAs in groups allow groups to access banks and financial institutions to increase capital.


  • To motivate others to achieve better results, the best VSLAs can be funded for their collective projects.

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