The Ministry of Gender and Family promotion (MIGEPROF) has advised women in Ngoma district to acquire bank loans and create their own jobs to ensure social-economic development.
Women have been urged requested to exploit, the Women Guarantee Fund, a program under Business Development Fund [BDF] that provides 75 per cent of collateral, demanded by commercial banks.
“Under this facility, an individual can access collateral of up to Rwf5 million worth loan while the loan ceiling for women associations is only Rwf10 million,” says Jean Bosco Murangira, Director of women economic empowerment unit in MIGEPROF.
MIGEPROF is in a campaign to educate women on poverty eradication through embracing developmental activities.
Ngoma women economic development still faces hindrances like, poor mindset, domestic differences, among others.
“Some gender based violence issues come in because of total dependence on husbands,” says Constance Kanakuze, a resident of Kibungo sector.
MIGEPROF says that if they embrace the women Gaurantee Fund, Ngoma women will acquire loans, invest and support their families out of poverty.
Women Guarantee Fund is managed by National Bank of Rwanda to help women in accessing finance for income generating activities.
Under this programme, economically active women who lack collateral and credit record, are helped to access Finance.
For the programme to be successful, low income earning women at grassroot level are trained on self-reliance and entrepreneurship.
Beneficiaries of the fund countrywide, run coffee, shops, beauty salons, and handicrafts businesses among others.