In order to meet the social capital required by the National Bank, the cooperatives are embarking on increasing membership share, which in general ranges from 5,000 to 10,000 francs.

During the workers’ cooperatives general assembly held on September 30, it came to light that most presidents leave all the work to the managers and do supervise the operations. This enables malevolent managers to embezzle funds as they are accountable to no one.

Over the past years, the cooperatives had earlier contributed money for the federation’s building in Kacyiru. The four storey building cost the cooperatives Frw 350 million, but was later be sold to the social security fund of Rwanda for Frw 565, 610, 000; the sale was ordered by the National Bank because the Federation of workers’ cooperatives had gone bankrupt.

The money would be distributed among the cooperatives according to the amount they had contributed. Taxes, security, cleaning, and constructor’s fees which totaled to Frw 40 million had first to be deducted. As the contributors ranged from the cooperatives to individuals, it was agreed upon that Frw 39 million was to be set aside as money for emergency.