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.
ONLINE LOAN APPLICATION PLATFORM
Dear members,
Loan application in Umwalimu SACCO has become easier than ever before!
Use our online loan application platform to apply for any loan product you need and track the status of your loan application.
What is the Online Loan Application Platform?
The Umwalimu SACCO Online Loan Application is an online platform designed to streamline and improve the loan application process for Umwalimu SACCO members.
It allows members to submit loan applications online, track the status of their applications, and upload required documents. It also facilitates automated eligibility checks based on predefined criteria.
Steps to follow when applying for loans
Step 1: Click on the Register Button to start the registration process,
Step 2: Complete the registration form to confirm your status as an UMWALIMU SACCO member,
Step 3: Click the Register button,
Step 4: Fill out the OTP received on the mobile phone registered,
Step 5: Click the verify button,
Step 6: Choose the password and confirm it,
Step 7: Click the create password button,
Step 8: Now, login with the created credentials, (phone number and the password),
Step 9: Click on the Login button to continue,
Step 10: On self-onboarding, a client should fill out the form accordingly and accurately,
Step 11: Then after click on the Onboard button,
Step 12: Click on the Add New Button to add Collaterals,
Step 13: Fill out the form by adding collateral details
Step 14: Click the save changes button
Step 15: Upload the collateral attachment needed.
Step 16: Click on the Next button to continue.
Step 17: Upload the other relevant attachments.
Step 18: Click the Submit Button to finalize the application.
Link to Apply for Umwalimu Sacco Loan Application
Empowering Your Financial Journey with Seamless Access to Flexible
and Tailored Loan Solutions for Teachers in Rwanda.
Steps
Loan Option
Navigate through a variety of tailored loan products to find the one that best suits your financial goals and needs.
Application Process
Streamline your loan application with our user-friendly interface, guiding you through a simple and efficient submission process.
Approval
Experience the convenience of rapid loan approval and seamless fund disbursement, ensuring quick access.
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