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The children who will be placed in Kira Kibondo, BK will have a special day
BK said it is providing affordable and easy-to-use financial services to ordinary customers as many people can use their mobile phones to save, borrow money, withdraw money or pay any fees without having to carry cash.
BK says people of all ages, from low-income to affluent, rural or urban, children or adults, can discuss their financial situations and use Me Too BK.
In this regard, children who start saving at a young age get a party before they go back to school, and there are also certificates of appreciation for children who turn 18, and now they can start investing their savings as adults.
Ishime Bienvenue Joelle, 18, who studies at INES Ruhengeri, said when I leave school I will not worry about what I am doing because my parents saved me.
His friend Edwin Sheja, 19, said he had saved Frw50,000 every month in Kira Kibondo’s account for more than eight years and was now considering investing it in technology and continuing his studies.
Generally, the recipients of certificates of appreciation are Ndamukunda Elie Gasana, Anais Teta, Ishimwe Bienvenue Joelle, Itete Ganza Alain Charman, Mugisha Denise, Bajeneza Anaclet, Igiraneza Alpha Patrick, Sheja Edwin, Nkuranga Teta Sania and Ihirwe Ndegeya Faisal.
Message from Parents and Administrators
Musanganire Marie Josée, who spoke on behalf of the parents who saved their children, said this culture, which starts at the age of three, is unique to BK and teaches children how to avoid waste.
Share: “People waste a lot of money because they don’t plan but if you set up an account tomorrow and find it added to, we often see children squandering it in a short time when they grow up but if you train them to save from a young age, they will be wiser to leave things to him to manage.”
Mireille Batamuliza, secretary of the Ministry of Equality and Community Development (MIGEPROF), insisted that saving a child creates a capable and secure future family because the family will have finances.
“Before when a child grew up you would give him one eighth, but now the first eighth is to educate him, give him an account so he can start college or create a job because maybe you don’t have land,” he said.
Dr Diane Kalusisi, CEO of Bank of Kigali, said Kira Kibondo’s account would generate an annual return for the child equivalent to 8.5 per cent of his savings.
“When the child grows up and there is enough money in the bank account, the parents can pay for his school fees and they will save and support him whenever there is a financial crisis,” Dr. Kalusisi said.
The Bank of Kigali said that to open a Kira Kibondo account, a person needs to show the child’s birth certificate and 5,000 rupees, but after that he will deposit all the money he receives, which is done for children from the age of three.
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