• Andre Munezero
• Catherine Wanjiku

The general objective was to assess effect of village saving and loans association on socioeconomic development in Rutsiro District. The specific objectives were to determine effect of nature of saving in village and loan associations loan accessibility requirements and to evaluate effect of capacity development on socioeconomic development of Tunga. This research was significant to scholars, government, and the university and future researchers. The researcher used descriptive correlational design with a mixed approach to acquire relevant information analysis. This research targeted 4023 beneficiaries of world vision Rwanda project in Rutsiro District, the sample size was 364 beneficiaries. An instrument for gathering information was questionnaire, interview guide and desk review. Data was analyzed using statistical product and service solutions to generate descriptive statistics and inferential statistics. Results to the first objective revealed that 51.9% strongly disagreed the use of sight deposits, 57.1%, strongly agreed that the Term Deposits. Correlation analysis indicated a positive and significant correlation between saving plans and Immovable properties (r=0.976, p-value =-0.002). On the other side, there was a significant association between Saving Plans and Immovable properties (r=0.216**, p-value=0.001) and saving Plans and project Immovable properties (r=0.150* p=0.022). Results to the second objective evidenced that that 37.0% agreed with individual lending, 41.2% accepted that community association is suitable for project success, 49.4% agreed that community association was suitable for project success. Correlation analysis felt that individual lending and income generating activities (r=0.083**, p-value=0.207), Individual lending and Movable properties (r=0.067, p-value=.0.308), and between Individual lending and Immovable properties (r=0.078, p-value =0.235).To the third objective felt that whether customer management skills were applied and done at the cluster; results indicated 52.8%. Results if the entrepreneurship abilities were used as an effective strategy, 41.2% strongly accepted that the statement, 49.8% agreed with adopting complementarities in business and training. Insignificant positive correlations was found between customer management skills and income generating activities (r=0.010, p-value=0.874) provided that the p-value was > 0.05 proposing that improvement in customer management skills did not affect Income generating activities, and vice versa. Contrary to complementarities in business and training and immovable properties which was not statistically significant (r=0.058, p-value = 0.376), because the p-value was more than 0.05. Basing on concluding remarks, these recommendations are necessary for further improvement in terms of socioeconomic development by World Vision. This research to World vision would be integrated into ADP project and coordinated or monitored as other programs in the area. The study recommend to world vision, especially ADPs and Tunga Cluster in Rutsiro District, to ensure that financial inclusion managers have a person to whom they will report to the dairy life of beneficiaries of the project, who monitor the activities done by program beneficiaries stakeholders. World Vision would have a mechanism to emphasize on other important component for good success and socio-economic development of beneficiaries, which is amount of contact- more contact is better- between program stakeholders and beneficiaries. Further studies should consider conducting similar research in economic strategies adopted by financial institutions, and to study the role of NGOs institutions in economic development alleviation of poor people.

"Effects of Financial Inclusion Strategies on Socio-Economic Development: A Case of World Vision -Tunga Cluster, Village Savings and Loans Associations in Rutsiro District, Rwanda ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 11, page no.f237-f249, November-2023, Available :http://www.jetir.org/papers/JETIR2311527.pdf

"Effects of Financial Inclusion Strategies on Socio-Economic Development: A Case of World Vision -Tunga Cluster, Village Savings and Loans Associations in Rutsiro District, Rwanda ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 11, page no. ppf237-f249, November-2023, Available at : http://www.jetir.org/papers/JETIR2311527.pdf