On the 6th of February 2023, Rwanda Children Educational Foundation team led by Executive Director, Jeanine Mukarubega, had a micro-loan event at our bank. This is the nineth cycle of the micro-loan project. A total of 18 beneficiaries took part.
The bank manager explained that these loans are intended to allow the less fortunate to reclaim their dignity and provide a better life for their families. He reminded the beneficiaries to always be grateful to RCEF and the sponsors for giving them this special opportunity. These micro-loans are made at a very small rate of interest.
Jeanine ended the event by thanking the bank Manager for his good service to our organization. She also reminded the beneficiaries to always pay back their loans on time, and to strive to be trustworthy people.
They prayed together as a group, then the beneficiaries signed their contracts.
The bank staff prepared the necessary documents and transferred the loans to the beneficiaries.
A total of $5,360 was distributed.
Thank you to Rotary International for providing the Micro-Credit Grant to RCEF to help the people in Rwanda.
Lives are being changed as a result of Micro-Loans to start businesses.
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