Friday, February 06, 2009

Mothers Union

The 12 members of the Mothers Union in Butare meet on the 3rd Friday of each month. Each contributes 600 RWF ($1.09 USD) monthly; 500 rotates to one member each month, 100 accumulates on account. The group has a total savings of 12,000 RWF ($21.82 USD) and they make loans at 10% to group members.

An interesting addition to this Mothers Union group is their extra monthly activity. On that 3rd Friday after they pool their savings, they contribute some equal share of expenses for purchasing materials to make mats. With their mat materials, these mothers make as many mats as possible. For any mats made on that Friday and sold later, they contribute 100% of the sales into their accumulating savings account. That's a pretty crafty way that these mothers value their savings.

Mats sell for 1,500 RWF ($2.73 USD). I'll have to take some pictures and then you can place your orders.

No comments:

Post a Comment