Table No.4.11: Investment
Income
|
Asset type
|
Principal debt
repay
|
Expenses
|
Net returns from investments
|
|
Treasury Bonds
|
6 598 000 000
|
0
|
4 477 747 988
|
|
Local Equity
|
0
|
0
|
861 478 754
|
|
Foreign equity
|
0
|
0
|
0
|
|
Government bonds
|
0
|
0
|
9 363 879
|
|
Government Debt
|
2 104 562 962
|
0
|
99 577 541
|
|
Corporate Loan
|
761 078 947
|
0
|
274 695 318
|
|
Mortgage Loan(BRD)
|
576 760 041
|
40 487 661
|
285 692 374
|
|
Corporate Loan(BCR)
|
0
|
0
|
1 570 000
|
|
Bank Term Deposits
|
0
|
0
|
387 115 288
|
|
Real Estate
|
0
|
232 547 093
|
631 574 055
|
|
Total
|
10 040 401 950
|
273 034 754
|
7 042 995 197
|
Source: SSFR, Annual report, 2003-2008
4.8 Real Estate projects
As indicated in the business plan for 2008, real estate
projects, over 60% of the investment budget is for real estate projects. The
implementation progress of these projects as of 31st December 2008
is shown in table 5 below.
Table No.4.12: SSFR's investment
in Real Estate in Rfw
|
DESCRIPTION
|
Value as of 31/05/09
|
Estimated Cost (B)
|
|
Real Estate projects
|
6 938 242 624
|
|
|
Kacyiru estate
|
263 520 000
|
|
|
UCT Building
|
570 893 600
|
|
|
Kacyiru Executive Appartment
|
5 185 221 624
|
|
|
Former USA Embassy
|
918 607 400
|
|
|
On-going Estates Projects
|
13 048 774 136
|
52 269 515 134
|
|
Insurance Plaza
|
5 200 241 411
|
14 700 000 000
|
|
District Branches
|
7 110 869 515
|
12 103 515 134
|
|
Shopping Mall
|
237 663 210
|
14 000 000 000
|
|
Gacuriro project (234 houses) phase2
|
500 000 000
|
11 466 000 000
|
|
TOTAL
|
19 987 016 760
|
52 269 515 134
|
Source: SSFR, Annual Report 2005-2009
4.9. Investigation impact
the SSFR has on Individuals
The respondent agreed on 100% that SSFR has the impact
individual by providing to the retired benefits on the retirement period. Apart
the benefits paid to pensioners, SSFR participate in different event towards
the individual well being. SSFR participating in the social assistance of the
vulnerable group in different ways and calamities. On the social corporate
responsibilities, 100% of the respondent said that they got much kind of
assistance, such as books for schools of their Children, house construction of
vulnerable group, hospital assistance in purchasing machines, and other
assistance. The table below shows social Corporate Responsibly that SSFR has
done to contribute to the well being of the population. Also SSFR provide
mortgage for commercial agencies and individual and facilitate them to pay in
installment. This facilitation has the impact on the welfare of the
population.
Table No.4.13. Analysis of what
SSFR contribute to the social Development of RWANDA
|
Responses
|
Number
|
%
|
|
Benefits
|
35
|
100%
|
|
Social Corporate Responsibilities
|
35
|
100%
|
|
Commercial Mortgage
|
35
|
100%
|
|
Total
|
35
|
100%
|
Source: Secondary Data
Table 4.14. SSFR Social Corporate
Responsibilities
|
Amount spent (Frw)
|
Purpose
|
|
41.000.000
|
To Purchase a diagnostic machine for Kibagabaga Hospital
|
|
18 800 000
|
To Construct houses for the poor and disabled through
Seventh day Adventist Church
|
|
18 000 000
|
To construct houses for Rwandan refugees from Tanzania
through Kayonza district in Eastern Province
|
|
19 579 625
|
Assistance to different groups of individuals, institutions
and projects
|
Source: SSFR, Annual Report, 2008
The Social security Fund of RWANDA SSFR has donated 5,591
books to different schools in RWANDA. The books worth an estimated value of
100mFRW were given to UMUTARA POLYTECHNIC, ECOLE SAINT JOSEPH KICUKIRO, SOS
RWANDA, and APAPEC-IREBERO. It is also part of the SSFR's corporate social
responsibility plan that will see the Fund move. According to officials from
SSFR, the intention was to support schools and students acquire the rather,
expensive books otherwise not within the reach of most schools. SSFR has so far
made a contribution of 75mFRW to different social interventions, such as the
returnees from Tanzania and the flood victims in NYABIHU district.
The respondent agreed 100% that by investing in Real Estate
project, SSFR create jobs for many people and increase the economic Growth of
the Country. From the economic theory, investment goes with employment
creation, increase in aggregate demand, increase in production hence economic
growth. SSFR investments as already highlighted above are in two forms, direct
and indirect investments. The jobs created by direct investments are mainly
those from real estates. Jobs from indirect investments are those created as a
result of shareholding in companies in table 14 below.
| 
