The Regime of Mr. 3 Cents Never Ceases To Amaze – It Has Launched Another Fund While Existing Ones Are Collapsing
The regime has launched what it calls a “new citizen-oriented fund” by the name of “Iterambere Fund” or in English “development fund.” This fund will supposedly propel Rwanda to the middle income status 3 and half years from now by enabling Rwandans to save, invest, and prosper.
According to this new mirage, Rwandans with low income will invest in the Fund as little as Rwf2,000 and make returns on their investment.
But wait a minute! Whatever happened to the Agaciro Fund? This is now forgotten!
And what about the Umurenge Savings and Credit Cooperatives (SACCOs)?
SACCOs have been collapsing towards bankruptcy. As a result contributors are unable to access their deposits. SACCOs are now synonymous with high rates of non-performing loans and shocked customers.
Please somebody tell Mr 3 Cents to stop conning Rwandans
By David Himbara