The Nile Cooperative

May you have a great year filled with immense happiness and luck! Stay in good health and achieve greater heights of success. Wishing you a wonderful year ahead!

May your Christmas sparkle with moments of love, laughter and goodwill.

Women disproportionately face financial access barriers that prevent them from participating in the economy and from improving their lives. TNC is working to promote financial inclusion for women to help achieve gender equity and poverty reduction.

OUR LOANS HELPING CREATE THRIVING BUSINESSES

“I am very happy for the Nile Cooperative loan that helped me to improve my leaving conditions. I am electrician. I received a loan from TNC that helped me to buy good equipment I use when making electrical repairings to earn money. Also, I invested a part of the loan in the business of selling Indagara (Small fishes from Lake Tanganyika). The benefits I made from the business and the electrical repairings helped me to buy four pigs that are growing very well and soon may multiply. I have also started building a shade for rabbits I am planning to buy soon.
My wife is the one who deals with the business of selling Ndagara while I follow up our project of pigs and rabbits.
Now, I feed well my family because my income has increased. My businesses are performing well and I am able to pay back the loan regularly. I thank a lot TNC for the loan and their coaching session they organized for me to learn how to manage well the loan” tells us Jean Berchmas (29) married and father of one child, living in Gitega province.
Photo: Berchmas at TNC Office holding a deposit slip after reimbursing his monthly tranche of the loan

"You’ve got everything to take the world in your stride. Happy Women’s Day."

Microfinance offers poor people access to loans, savings and other basic financial services. People living in poverty require these types of financial services to operate their businesses and both manage and grow their assets, just like everyone else. The difference is, the poor can’t simply walk into a bank and take out a loan or open a savings account. In most cases, they have very little assets or collateral, lack credit histories and employment records, and may not even be able to read or sign their names.
For these reasons, the majority of formal financial institutions do not consider the poor to be creditworthy. Hard-working poor entrepreneurs often find themselves forced to deal with usurious money lenders and loan sharks. Microfinance – and specifically, microenterprise development or “small business development” – offers the poor an opportunity to access small amounts of loan capital and start their own businesses.
Microfinance, especially when used to build up impoverished communities, is a proven and effective strategy in combating poverty.

CHIFFRE - 70,3 millions $ accordés par les au en 2015. Soit 126 729 contrats-prêts

La Semaine de la Microfinance au Burundi : une occasion de visibilité et d’échanges pour le secteur
--------------------------------------------------------------------------
Ouverture ce mercredi 18 mai, au Panoramique Hotel, de la première Semaine de la Microfinance au Burundi sous le thème : « Microfinance et inclusion financière au Burundi ». Les cérémonies d’ouverture ont été rehaussées par la présence du Ministre des Finances, du budget et de la privatisation M.Tabu Abdallah MANIRAKIZA.Une foire d’exposition est aussi organisée durant trois jours.
Dans son discours, le ministre des finances M.Tabu Abdallah fait savoir que le gouvernement du Burundi s’engage à accompagner les opérateurs du secteur de la microfinance au Burundi pour qu’ils surmontent les différents défis pour pouvoir atteindre toute la population et réaliser l’inclusion financière dans le pays.

Marie Louise Nsabiyumva, représentante légale du Réseau des Institutions de Microfinance (RIM)précise que l’un des objectifs de cette première Semaine de la Microfinance est de faire connaitre l’association professionnelle des institutions de microfinances au Burundi mais aussi de faire connaitre, aux visiteurs des différents stands de cette foire d’exposition, la diversité des offres en produits et services des microfinances.

Le ministre, en compagnie des partenaires techniques et financiers et des bénéficiaires participants au plateau intellectuel organisé dans le cadre de cette première semaine de la microfinance au Burundi, a visité les stands pour découvrir les services offerts par les microfinances qui participent dans cette foire d’exposition.
http://akeza.net/la-semaine-de-la-microfinance-au-burundi-une-occasion-de-visibilite-et-dechanges-pour-le-secteur/

www.akeza.net – La Semaine de la Microfinance au Burundi : une occasion de visibilité et... Ouverture ce mercredi 18 mai, au Panoramique Hotel, de la première Semaine de la Microfinance au Burundi sous le thème : « Microfinance et inclusion financière au Burundi ». Les cérémonies d’ouverture ont été rehaussées par la présence du Ministre des Finances, du budget et de la privatisation M.Ta...