Having acquired a bank loan from Umwalimu SACCO, Runda teachers have bought a brand new truck through their cooperative KISKA (Koperative Isonga za Kamonyi) established in February 2011.
The truck cost 8million which was given as a loan by UMWALIMU SACCO to the teachers after they voluntary collected 800,000 on their cooperative account.
The headmaster of Runda Mr. Emmanuel Munyaneza that is also a member of KISKA congratulated his fellow teachers upon the achievement saying that sometimes teachers were afraid of acquiring big loans like these ones but now it’s a positive step taken.
Payment contract with Umwarimu Sacco state that they should repay the loan in a period of four years but given the rate at which the vehicle is operating, payment will be completed before the set time given that it has for the past 3months made a profit of 3million.
Mr. Nkuranga Theogene in charge of capacity building in Rwanda Cooperative Agency warned members of the KISAKA cooperative on the mismanagement of funds and not to embezzle profits because they are for the cooperative and every member has a benefit when the cooperative makes profits.
The Southern Province Governor Mr. Alphonse Munyantwari who was the guest of Honor noted that there is hope for teachers because such achievements registered clearly indicated that they value the work they do. “The government is focused on what can uplift teachers standards of living and such loans are a support to the government,
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