Multiple roles of Micro-financing and microcredit to the clients in in TUGENDANE N’IGIHE SACCO of Rwnda
Micro finance can be defined as financial services offered to low income clients, consumers and self employed persons or groups that is unable bank on the mainstream, conventional financial services. Microfinance thus is a small scale loans, remittances, insurance, savings and the other financial products offered to people at the grass root levels in most unconventional ways.
This method is often described as credit offered to unemployed or underemployed and referred as micro credit without any collateral security. Microfinance products are serving the socio economic needs of the clients in TUGENDANE N’IGIHE SACCO in the East African state Rwanda. It could provide financial assistance to meet their immediate family needs, capital to develop small scale entrepreneurship and occupational needs so that it could enhance the quality of living of the clients involved in this process