UMWALIMU SACCO is a Savings and Credit Cooperative for the
Rwandan Teachers mandated to empower the members towards uplifting their
social-economic welfare and to contribute to socio-economic development of the
community in which they live. This noble cause was initiated by the President
of the Republic of Rwanda, His Excellency Paul KAGAME. Mobilizing a pool of
savings and later be offered loans at competitive interest rate are the core
activities of the cooperative.
UMWALIMU SACCO was created in June 2006 as per Ministerial
Order nº 43/15.00/06 dated 21st June 2006 and accepted
by the National Bank of Rwanda (BNR) to operate as Financial Institution on 22nd February
2008 as per Microfinance License nº 698 issued on November 24th 2009
by BNR. It was also recognized by Rwanda Cooperative Agency (RCA) on 16th August
2010 and was issued a cooperative certificate with reference RCA/995/2019.
Umwalimu SACCO’s underlying objective is to foster the
social-economic welfare of the Rwandan teachers. To achieve this, Umwalimu
SACCO is focused on the following:
- Increasing
the capital base to meet members’ needs and demands for the SACCO’s
products;
- Becoming
a national and regional model cooperative and leader in its chosen line of
business;
- Improving
the management processes and therefore cost efficiency and achieving high
returns on investment without subsidies;
- Achieving
high repayment and recovery ratios on loans;
- Expanding
market access in the countryside and rural areas by promoting agriculture
sectors to improve food security among teachers’ household;
- Improving
operational efficiency;
- Applying
good corporate governance practices and community citizenship.
Loan Application Forms
LOAN PRODUCTS
- OVERDRAFT
- EMMERGENCY LOAN
- SALARY ADVANCE LOAN
- SCHOOL FEES LOAN
- MEDICAL LOAN
- ONE LAPTOP PER TEACHER LOAN
- HOME FURNITURE LOAN
- BUSINESS LOAN
- VEHICLE AND ASSET LOAN
- AGRICULTURE AND LIVE STOCK
LOAN
- MORTGAGE LOANS
SAVING PRODUCTS
- FREE SAVINGS ACCOUNT
- PERMANENT SAVINGS
- SCHOOL FEES ACCOUNT
- HOME FURNITURE’S ACCOUNT
- FIXED DEPOSIT ACCOUNT
- CHILDREN’S SAVINGS ACCOUNT
- FUNERAL SOLIDARITY FUND
GET IN TOUCH WITH US
- Email
umwalimu.sacco@umwalimusacco.rw
- Phone
+250 781 469 546
- Address
Umwalimu SACCO Head Office KG 205 St, Kigali,
Gasabo-Kimironko
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