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Also, there are an estimated 480 Saving and Credit
Cooperatives, (Umurenge SACCOs) in the country. These Saccos are being courted to provide the remaining 40% of the required start-up capital. Also, the Saccos need to be linked to a common computer system, in order to serve as branches of the
151:, the minimum capital required is Rwf5 billion (US$ 6 million). There are approximately 8,000 cooperatives (community cooperatives) in Rwanda, according to the RCA. The cooperatives are prepared to provide 60% of the needed start up capital.
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While the ownership details are being worked out, the owners will include (a) Unmurenge Saccos (b) other Rwanda cooperatives (c) other Rwanda entities. The Rwanda government requires that all shareholders in the bank be
Rwandan.
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It is expected that some of the offices of the 480 Saccos in the country will become branches of the proposed bank, after the completion of computerization and linking of their operations.
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proposed bank. When the bank becomes operational in 2018, as expected, its lending rates are planned to be lower than the
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Please help update this article to reflect recent events or newly available information.
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In July 2014, approximately 2,500 members of the Rwanda
Cooperative Agency (RCA) met
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during an event called “Meet The
President”. At that event, held in
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253:"Rwanda Revises Saccos System to Allow Cooperative Bank Kick Off"
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337:"Cooperative bank to be operational this year: Government"
217:. Kigali: Rwanda Cooperative Agency (RCA). Archived from
303:"Rwanda: New Co-operative Bank to Incorporate SACCOs"
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255:. Kigali: KT Press Rwanda
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147:Under guidelines by the
114:Rwanda Co-operative Bank
110:Co-operative Bank Rwanda
53:Co-operative Bank Rwanda
428:National Bank of Rwanda
191:List of banks in Rwanda
186:National Bank of Rwanda
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76:Headquarters
41:January 2023
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475:Agriculture
134:Paul Kagame
102:Investments
505:Categories
468:Industries
197:References
163:Ownership
416:Currency
345:. Kigali
180:See also
172:Branches
128:Overview
90:Products
58:Industry
480:Tourism
444:Banking
349:18 July
320:18 July
286:18 July
259:18 July
225:18 July
98:Savings
68:Founded
31:updated
485:Mining
142:Kigali
136:, the
122:Rwanda
84:Rwanda
80:Kigali
490:Sugar
94:Loans
351:2017
322:2017
288:2017
261:2017
227:2017
120:in
112:or
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