December 2023

By the end of 2023, SOFAB members had significantly grown their financial capacity through savings and loans. Members’ collective savings rose from 116M Frw in 2022 to 216M Frw in 2024, an increase of 86%.

Through SOFAB’s ikimina system, members circulated over 102.9M Frw among themselves. In addition, 315M Frw in loans were disbursed to support small businesses, family needs, and community development projects. With 10% annual interest, this system continues to strengthen the organization’s sustainability.