Savings
Money set aside for a goal or later use. Account conditions explain how deposits and withdrawals work.
Money glossary
Clearer words.
More informed choices.
Twelve useful terms for a money conversation. Search in Kinyarwanda or English.
Member share
A member’s ownership contribution to the cooperative. Ask how it differs from a savings deposit.
Expenses
The costs paid over a period, such as transport, supplies or other spending.
Income
Money received from work, trading or other sources. Record when it arrives as well as how much.
Repayment schedule
A list of payment dates and amounts. Request a copy and compare it with the timing of your income.
Total cost
All costs associated with a service. Ask about interest, other charges and any potential penalties.
Difference
Two figures may differ because of timing, missing records or an error. First ask for an explanation.
Receipt
A record of a payment. Check its date, amount and purpose, and keep a copy.
Net proceeds
The amount remaining after subtracting the transaction’s costs from the money received.
Estimate
A planning figure based on your inputs. It changes when prices or other assumptions change.
Budget
A plan for the money you expect to receive, spend and save over a period.
Question draft
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