After realizing that most women are financially excluded due to many reasons which can range from lack of confidence, lack of information on financial institution, lack of requirements such as collaterals to get loans and so on.
SBFIC in partnership with AMIR together with U-Saccos came up with a product named Tinyuka Wigire Munyarwandakazi where all of those women who felt that they are not enough for the financial institutions or felt that they cannot afford all the requirements, will be now capable to get access and increase their standards of living and the ones of their families.
This product started with a pilot phase where 6 U-Saccos implemented it with a goal of each opening 200 accounts giving 50 loans to women within a year but according to the numbers more than 5000 accounts has been opened, more than 1000 loans has been given to women and tremendous numbers in savings.
Seeing the success of this product more U-Saccos want to be on board and on the 10th of May other 20 new U-Saccos were invited at SBFIC office at Kabuisunzu and presentations were given on the scope of the product, testimonies on the behalf of the implementers and all the invited U-Saccos were given a chance to ask questions and give suggestions. They were pleased and all agreed that they can not wait to have this product as parts of what they were offering in their institutions.