Umurenge SACCOs are member-owned savings and credit co-operatives found in sectors across Rwanda and supervised by the National Bank of Rwanda as microfinance institutions. They are a way to save and borrow locally, not a fixed-yield investment. Joining usually means a small share purchase; one reported case was Frw 1,000 to join plus Frw 4,000 in shares. Terms differ between SACCOs, so ask the one near you.
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Umurenge SACCOs (community savings co-operatives)
Offered by Umurenge SACCOs, supervised by the National Bank of Rwanda
Joining costs vary by SACCO
About this entry
Location notes. Sectors across Rwanda (ask your local SACCO)
The details
- Type
- SACCO (savings co-operative)
- Manager or operator
- Individual Umurenge SACCOs
- Regulator
- National Bank of Rwanda (microfinance supervision)
- Returns, as published
- No fixed yield. Treat this as savings and membership, not an investment return.
- How and when you can withdraw
- Varies by SACCO. Ask about withdrawal rules before you join.
- How to invest
- Visit the SACCO in your sector, buy the required shares and open a member account.
- Key risks
- Press reports describe SACCOs with high non-performing loans and past cases of embezzlement. Loan rates reported are around 24%. Check the health of the specific SACCO before saving there. Deposits are not guaranteed returns.
Where this came from
- Read the original source allafrica.com
- Visit the website of the issuer or seller bnr.rw
Added by our team from public information. Always confirm the figures with the source.
Reviewed by our team on 8 Oct 2026. A review is not a guarantee. What a review covers
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