4.2.3. Objectives of Banques
Populaires in Rwanda
The Banques Populaires were created with the objectives of
developing people's savings and credit, promoting cooperation through social
and economic welfare of their members and serving the community. They aimed at
attaining above-mentioned objectives by:
1. Extending credit facilities to their members. This enabled
members to cover their economic needs.
2. Promoting savings by giving members economic interest on fixed
accounts according to the time limited and on agreement terms.
3. Creating an environment for expansion of agricultural and
art-craft production and other income and job creating activities particularly
in rural areas.
4. Creating an environment for economic and social progress of
the population through training members about project formulation.
5. Creating mutual confidence between the members.
4.2.4. Historical background
of BPR SA Kaduha sub-branch
BANQUE POPULAIRE DU RWANDA S.A KADUHA Sub-Branch is located in
KADUHA Sector, NYAMAGABE District, Southern Province. This Sub-Branch started
its activities in 1990. It had to interrupt them in 1994 due to the Tutsi
Genocide that ravaged the country. The bank reopened its doors in January 1996.
KADUHA Sub-Branch started as an association with a limited
number of members. As everyone in the region was appreciating the advantages of
this association, the number of associates increased significantly, hence
members requesting the Umbrella Union of Rwanda People's Bank to recognize
their association as a People's Bank (Banque Populaire). The bank counts 4852
members classified in different categories: agriculturalists, businessmen,
State employees, companies' employees and others. These customers are from five
sectors: KADUHA, MUGANO, MUSANGE, KIBUMBWE and MUSHUBI.
4.2.5. Objectives of BPR S.A, KADUHA SUB-BRANCH
It has the following
objectives;
1. To BPR S.A, KADUHA Sub-Branch sensitizes and mobilizes its
members on the culture of saving and proper management of incomes.
2. To sensitize and mobilize its members to carry out
different income generating project, for their development and for the country
in general. To support the National policy of provision of employment
opportunities to qualify people, to fight against poverty, to carry out
capacity building, mobilizing and encouraging the local community to use
credits.
3. In particular, this bank aims at the development of local
individual from isolation, train him/her the culture of working and become job
creator other than job seeker.
4.2.6. Vision of the BPR S.A KADUHA
Sub- Branch
The Sub-branch of KADUHA aims to be a profitable financial
institution, competitive, durable and autonomous rendering services of quality
meeting the socio-economic needs for the members in particular and the
community in general.
4.2.7. Principal activities of BPR
S.A KADUHA Sub-Branch
4.2.7. 1. Activities of Savings
They consist of voluntary savings. The member who wants to
save money deposits any amount on the current account during one, three, six or
twelve months. The account is remunerated by the interest rate which varies
from 4 to 5.25% depending on the saved amount and the duration of this saving.
The saved amount can neither be increased nor decreased before the period
agreed upon between depositor and the bank.
Apart from savings activities there is also the current
account which assures safety and access to customer's money all day long at the
sub-branch. The BPR current account is meant for the customer's daily
transactions. This type of account is important because it gives the customer
possibility to apply for a loan, it doesn't require the minimum operating
balance; no account maintenance fees, instant access to your cash. You
personally control what goes in and out of the account; possibility of money
transfer: account to account, bank to bank, etc.
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