Umwalimu Sacco, which primarily serves teachers in Rwanda, is involved in various tasks aimed at providing financial services and support to its members. Some of the key tasks include:
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Savings Mobilization: Encouraging members to save regularly, offering various savings products with attractive interest rates.
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Loan Provision: Offering different types of loans such as personal loans, emergency loans, and education loans to help members meet their financial needs.
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Financial Literacy Programs: Providing training and resources to help members improve their financial management skills and understanding of cooperative principles.
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Investment Services: Facilitating investment opportunities for members to grow their savings through various investment projects.
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Insurance Services: Offering life and health insurance products tailored for teachers to provide a safety net for their families.
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Member Support Services: Providing advisory services and assistance in personal financial planning to help members achieve their financial goals.
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Community Development Initiatives: Engaging in projects that benefit the local community and enhance the welfare of its members.
These tasks are geared towards improving the economic well-being of members and contributing to the overall development of the education sector in Rwanda.
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