Muganga Savings and Credit Cooperative (SACCO) has announced a year of strong growth, innovation, and expanding financial inclusion, reinforcing its position as a key player in Rwanda’s cooperative finance sector.
The update was shared during the SACCO’s General Assembly, where leadership and stakeholders reviewed performance and outlined future plans.
Speaking at the meeting, Board Director Dr. Philbert commended the institution’s progress, noting that the 2025 Action Plan achieved an 85% implementation rate across its seven strategic objectives.
He emphasized the SACCO’s continued focus on improving service delivery and strengthening its financial base.
“We made significant strides in digitalization by expanding mobile banking, internet banking, USSD services, debit cards, and mobile lending solutions,” he said.
He added, “These innovations have made our services more accessible and efficient for members.”
Membership grew steadily throughout the year, reaching 14,749 active members, including more than 2,000 new entrants.
Looking ahead, Muganga SACCO aims to enroll up to 90% of registered health workers under its 2025–2027 business strategy, a move expected to significantly broaden its reach.
Financial performance remained robust, particularly in the loan portfolio.
Performing loans increased by 27%, rising from RWF 4.7 billion in 2024 to RWF 6 billion in 2025.
This growth was supported by enhanced loan products and strategic partnerships, notably with the Development Bank of Rwanda under the GIRA IWAWE program.
The collaboration unlocked RWF 2 billion in funding, enabling members to access long-term loans of up to RWF 60 million.
Beyond financial services, the SACCO strengthened its community presence through outreach initiatives and development projects across multiple districts, underscoring its role in improving livelihoods.
The General Assembly also reviewed audited financial statements, loan portfolio performance, and budget execution, offering a comprehensive view of the institution’s financial health and growth trajectory.
A key highlight was the planned enrollment of Community Health Workers, an initiative expected to further expand membership and boost savings and lending capacity.
With backing from the Ministry of Health and other partners, Muganga SACCO is increasingly viewed as a model for balancing social impact with financial sustainability.
As it continues to scale innovation and deepen partnerships, the SACCO is well-positioned to drive inclusive growth within Rwanda’s cooperative sector.
By Andrew Shyaka
