BACKGROUND
Our story
RUSCA SAVINGS AND CREDIT COOPERATIVE SOCIETY LIMITED ( RUSCA SACCO LTD) is one of the most active Microfinance Institutions in Ntungamo district, specializing in financial intermediation. RUSCA Sacco Ltd has been in this area of Credit Management and savings mobilization for over 23 years.
RUSCA is a member owned, member financed, member used and member controlled institution initiated by a group of Ten (10) Entrepreneurs in 1999 with the major aim of fighting poverty through savings Mobilization.
In February 2000, RUSCA was incorporated as a Limited Company; under registration number P.421. Immediately the promoters of the Company raised shillings 2,700,000 and 740,000 in savings and shares respectively. This was the start-up capital for RUSCA. On 31st Oct, 2023, it was incorporated as a Savings and Credit Cooperative Society (SACCO) Reg. No P.23647/ RCS
As (31st December, 2023), RUSCA has savings worth shilling…………….and share capital worth …………………. It operates in Ntungamo District and some parts of its neighboring districts of Isingiro, Rukungiri and Kabale.
The institution is governed by a group of seven Board members and has sub-committees such as loans committee, supervisory committee, Human resource Committee and Finance Committee
RUSCA management is composed of 32 full time well trained and skilled employees whose composition is gender – balanced.
RUSCA targets the productive poor farmers and the micro-entrepreneurs by providing them with affordable financial and non financial services which help them; increase on their household incomes, create local employment opportunities, improve entrepreneurial skills in the community and finally achieve a better quality life.
The Institution’s Head offices are situated in Rubaare Town Council, Ntungamo district, with 4 branches namely; Kitwe Branch, Kashenyi Branch, Kayenje and Rwahi branches located in Kitwe Town Council, Ngoma Subcounty, Rweikiniro Subcounty and Rwento Rwahi Town Council respectively.
Currently, the company’s membership stands at 12,088 and more than 80% of whom are located in the district of Ntungamo.
Our Mission
Our Vision
To lend and advance money, or give credit to such persons on such terms as the MFI may deem necessary, and in particular to its customers/members and to any person or MFI having dealings with RUSCA and to give guarantees or become security of any such persons
Our Core Values
Transparency & accountability
RUSCA will remain open, transparent and accountable to all the stakeholders
Professionalism
RUSCA will uphold utmost expertise in all its operations for the betterment of its operations.
Equity
All members will have equal opportunities in accessing financial services irrespective of gender, disability, tribe and race.
Discipline
All RUSCA staff has a level of discipline and operates with honesty, integrity and maintains confidentiality of information of all the members and stakeholders
Customer-driven quality
Quality is judged by RUSCA’s customers. Thus, we take Quality Assurance Plans into account on each core product or service feature that adds value to RUSCA’s customers and leads to their satisfaction, preference, and retention.
Leadership
RUSCA’s senior leaders set direction, clear and visible values and high expectations, and create a customer orientation. They design strategies, systems, and methods for achieving excellence. They help develop the entire RUSCA work force and encourage participation, learning, innovation, and creativity by all members.
Valuing Members
The success of RUSCA’s quality program depends greatly on the knowledge, skills, and motivation of its work force. Member success depends increasingly on being afforded opportunities, skills and knowledge that enable them to use the products and services obtained from the MFI effectively and efficiently. It is also our policy to invest in developing our work force through education, training, and opportunities for continuing growth to keep pace with the increasing changes occurring in the business environment.
Fast Response
RUSCA operates in a highly-competitive market, and success in such a market demands ever-shorter cycles for new or improved products and services introduced. Also, a faster and more flexible response to customers’ needs is now a critical requirement. Improving response time will likely require RUSCA to employ simplified work groups and processes, while maintaining its bias for action. This is done at RUSCA, and time between loan application and loan approval is always very short because we value customer’s time, energy and needs.