Zigama Credit and Savings Bank (ZCSB), is a

microfinance bank Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...

in Rwanda. The bank is one of the financial institutions licensed by the

National Bank of Rwanda The National Bank of Rwanda ( rw, Banki Nkuru Y'u Rwanda, french: Banque Nationale du Rwanda) is the central bank of Rwanda. The bank was founded in 1964. The current governor of the bank is John Rwangombwa. Location It is quartered at the N ...

, the national banking regulator.

History

ZCSB was established in 1997 as Zigama Credit & Savings Society (ZCSS), also referred to as Zigama CSS, with its primary mission to serve the welfare of Rwanda's military families. In 2011, the institution received a commercial banking license and rebranded to its current name. Since Its formation, the cooperative bank has accepted membership from Rwanda Police Force and Rwanda Correctional Services.

Overview

The bank is a licensed

cooperative bank Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carr ...

, serving its members in Rwanda. , the total asset valuation of the institution was in excess of US$143 million (RWF:90 billion).

Ownership

, the detailed shareholding in the

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of Zigama Credit and Savings Bank are not publicly known. The bank is majority owned and administered by members of the Rwanda Defence Forces.

Branch network

As of December 2011, ZCSB maintains branches at the following locations: # Main Branch - Kimihurura,

Kigali Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali has been Rwa ...

# Nyarugenge Branch -

Nyarugenge Nyarugenge is a sector (''umurenge'') located in Nyarugenge District, Kigali Province, Rwanda. Location It is located in the southwest part of the city of Kigali. The coordinates of Nyarugenge Sector are:1°58'02.0"S, 30°03'20.0"E (Latitude:-1 ...

# Kacyiru Branch - Kacyiru,

# Kanombe Branch - Kanombe,

# Kibungo Branch -

Kibungo Kibungo is a town in the Republic of Rwanda. It is the political, administrative and commercial capital of Ngoma District. In 1998, Kibungo became the site of at least four of Rwanda's last 22 executions. All of the convicts were executed for crim ...

Ngoma District Ngoma is a district (''akarere'') in Eastern Province, Rwanda. Its capital is Kibungo. Sectors Ngoma district is divided into 14 sectors (''imirenge''): Gashanda, Jarama, Karembo, Kazo, Kibungo, Mugesera, Murama, Mutenderi, Remera, Rukira, Ruk ...

# Butare Branch -

Butare Butare (), also known as Huye, is a city (population: 50,220 as of 2012) in the Southern Province of Rwanda and the capital of Huye district. It is the fourth largest town in Rwanda by population. History The Belgian colonial rulers establishe ...

Huye District Huye is one of the eight districts (''Akarere'') that make up Rwanda's Southern Province. It has a total surface area of 581.5 square Kilometers. It has thirteen sectors and 77 cells with a total of 508 umudugudus (villages) in total. The district ...

# Ruhengeri Branch -

Ruhengeri Ruhengeri, also known as Musanze or Muhoza, is a city and capital of Musanze District in the Northern Province of Rwanda. Some sources now refer to the city itself as Musanze, after the district in which it lies within. This has to do with the ad ...

Musanze District Musanze is a district in the Northern Province of Rwanda. Its capital city is Ruhengeri. Geography and tourism Musanze is Rwanda's most mountainous district, containing the largest part of the Volcanoes National Park, and its head office at Ki ...

# Cyangugu Branch -

Cyangugu Cyangugu (formerly Shangugu) is a city and capital of the Rusizi District in Western Province, Rwanda. The city lies at the southern end of Lake Kivu, and is contiguous with Bukavu, Democratic Republic of the Congo, but separated from it by the Ru ...

Rusizi District Rusizi is a district (''akarere'') in Western Province, Rwanda. Its capital is Cyangugu, the major city of the Rwandan south-west and the district contains large parts of the former Cyangugu Province. Geography, flora and fauna The district lie ...

# Gisenyi Branch -

Gisenyi Gisenyi, historically rendered as Kisenyi, is a city in Rubavu district in Rwanda's Western Province. Gisenyi is contiguous with Goma, the city across the border in the Democratic Republic of the Congo. Overview The city features a resort on th ...

Rubavu District Rubavu District is one of the seven districts of the country district (''akarere'') in Western Province, Rwanda. Its capital is Gisenyi, It has a large beach resort and border city. It has a total surface area of 388.3 Km2. Geography The distri ...

# Byumba Branch -

Byumba Byumba is a city in northern Rwanda, and is the capital of Gicumbi District. It is home to an SOS Children's Village. The city lies about , north of the capital Kigali. This location lies approximately , south of the International border with Uga ...

Gicumbi District Gicumbi is a district (''akarere'') in Northern Province, Rwanda. Its capital is Byumba, which is also the provincial capital. Geography The district lies due-north of Kigali, straddling the major road from Kigali to Kampala. It is a hilly dis ...

# Kibuye Branch - Kibuye,

Karongi District Karongi is a district (''akarere'') in Western Province, Rwanda. The capital being Rubengera, the district also contains Kibuye, the provincial capital and a major Rwandan lakeside resort. It is one of the districts with the least population de ...

# Nyagatare Branch -

Nyagatare Nyagatare is a town in the North East of Rwanda. With a population of more than 100,000, it is one of the most populous settlements in the Eastern Province along with Rwamagana and Kibungo. Location Nyagatare is located in Nyagatare District, E ...

Nyagatare District Nyagatare is the largest and second most populous district (''akarere'') in Rwanda. Located in Eastern Province, Rwanda, it occupies the northeastern extremity of Rwanda. Its capital is Nyagatare City, the former capital of the now defunct Um ...

# Gitarama Branch -

Gitarama Muhanga (former Gitarama, renamed in 2006) is a city in Rwanda, in the Muhanga District, in Southern Province. The city is above sea level. Though officially part of the Southern Province, Muhanga is geographically in central Rwanda, approxim ...

Muhanga District Muhanga is a district (''akarere'') in Rwanda. Its administrative centre is located in the city of Muhanga (former Gitarama). Geography Muhanga Districtis one of the eight districts comprising the Southern Province. It is subdivided into tw ...

References

External links