Pfunda Tea Farmers and Workers - Saving and Credit cooperation. PTFW SACCO

I went to visit the savings and microcredit agency of the tea farmers today. Their procedures are almost exactly the same as the procedures we use at Microstart. The biggest difference is that they take much more securities and also to the payroll management of the workers. So they can deduct instalments from salaries before it gets to the customer. They barely have recouvrement or contentieux. The Rwandese government made a big effort to educate people in credit and savings.

Hi5 Pres. Kagame!

Credit and savings goes hand in here something we could work towards at microStart. They are a member of Amir, Association of microfinance agencies in Rwanda that provides them with micro savings and credit trainings. It’s nice to that the procedures in Belgium and Rwanda are similar this means we both are still very close to the original Grameen system.