MUSCCO takes part in the learning Visit on Rural SACCOs in Rwanda

MUSCCO's through its CEO, Mr. Fumbani Nyangulu has joined a delegation from Malawi's finance sector on a five-day learning visit to RWANDA.

The group, being led by Mrs. Khumbo Mtalika from the The Reserve Bank of Malawi, aims to study the structure and operations of Savings and Credit Cooperatives (SACCOs) in rural areas of #Rwanda, focusing on the successful implementation and impact of these financial institutions.

The other influential figures making the team include Mr. Limbikani Kachiwaya, Registrar of Cooperatives in Malawi's Ministry of Industry and Trade; Mr. Daud Mtanthiko, Chief Examiner at the Reserve Bank and Mr. Ralph Tseka, Project Manager for the FinEs Project.

Among the objectives of the visit, the team seeks to;
? Learn best practices and innovative strategies from Rwanda’s rural SACCOs through #AMIR.
? Establish partnerships with key stakeholders in the Rwandan SACCO sector for ongoing collaboration and knowledge exchange.
? Gain a better understanding of the regulatory framework supporting rural SACCOs' growth and sustainability in Rwanda.
? Explore the government's role in fostering financial inclusion through these cooperatives.

The choice of Rwanda for this visit reflects their intent to learn how financial services can effectively reach rural areas and promote greater financial inclusion