By Elie Mandela | Project Leader
After initiating a savings scheme, 10% of the income from the harvest is put into the savings account for the cooperative and a weekly 500Rwf (approximately 0.65 US $) contribution to the scheme, the women are seeing the importance of saving.
" When my youngest daughter caught Malaria at the beginning of this year, I did not have any money with me, I decided to borrow for some money from the savings scheme such that I pay for her health Insurance and also cover her hospital bills. I am really glad I am part of such a great initiative, otherwise I don't even know what would have happened to my daughter. I am confident that I will pay back very soon now that I know how it saved my daughter's life." said Anne Marie one of the cooperative members.
"Having such a scheme is really helpful in such emergency cases" she continued.
The savings scheme is currently supporting their basic needs and in case of emergencies and we hope that through this savings scheme the cooperative will be able to sustain the project in the long term and also be a source of funds to support other income generating activities.
Project reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.
If you donate to this project or have donated to this project, you can receive an email when this project posts a report. You can also subscribe for reports without donating.