Koramuhinzi Agricultural Loans products targets small holder farmers in rural communities, providing them with finance for their farming needs including loans for Inputs,
£6,627
Matured groups after 12months of formation
Repayment frequency: Monthly
Recomemded by an NGO / Facilitating Agency / Local Authority
An advance on contract facility is offered in FRW by the Bank to enable its customers to execute purchase orders or contracts. Up to 70% of the cost of the order/contract.
The source of repayment of an advance on contract facility is the proceeds from the purchase order/contract.
The facility will be settled upon receipt of funds. In the event that there are no funds on repayment due date, the RM must immediately take action.
In all cases a second way out must be provided in the form of acceptance and easily realizable security.
Facility letter signed by the customer to confirm his acceptance of the terms of the bank’s offer.
Fully secured seasonal agriculture loan granted to the potato farmers
Have an account in UB - Having potato farming experience - Owning or renting the land
Potato farming project (customer needs statement) - Application letter
POTATO LOAN 23: - RCA Certificate for cooperative/ID copy of the applicant and his guarantor - Legal status certificate - Valuation report of collateral (done by a valuer, which has a partnership with UNGUKA Bank Ltd) - Collateral title (land, factory, car etc) and movable security documents - Act of lending property if the collateral doesn’t belong to the borrower - Life insurance is mandatory for individuals - Potato insurance is an option - Notified Board resolution for cooperative
The proposed Asset Financing Product Program is targeted at SME/Corporate businesses with need to acquire moveable assets (machinery, vehicles, equipment, etc) for commercial use and in order to expand/upgrade or modernize their businesses. Maximum up to 80% financing for the assets.
The asset being financed should be used to improve the capacity of the existing business
Loan application letter
Proforma Invoice of the trucks/trailers to be financed.
Audited financial statements for the last three years
Cash flow projections for the next five years
Last 12-month bank statement from other banks
Details of loans/facilities in other banks
RDB certificate
Tax Clearance certificate
Valuation report of existing collaterals (trucks) to be pledged as collaterals
Agricultural production with innovation in processing, good packaging, export,… Grant accompanied with loan of 6 million to be paid at 12% and direct equity of 1 million.
Proof of agribusiness project owned by a Rwandan citizen
Proof that two years were spent after graduation from secondary or university studies
Cooperative or company registration proof
Proof that project is at start-up stage with less than one year of existence
Proof that the project is under combined production and agri-business or agro-processing
Proof of 10% of total project value owned by owner of the business
Through commercial banks so they can on-lend to smallholder farmer(s) in need of smaller loans than the Bank’s minimum lending limit (Frw 50,000,000) with the aim to improve the national agriculture production and productivity along all priority value chains. Maximum = 25% of the banks net worth at the time of approval.
Business in Agriculture
Loan application letter along with a strong business plan
Financial report and bank statements for past three years,
ID of owner or company/cooperative registration certificate;
Promoter's contribution of at least 30% of the total cost of the project;
Bill of quantities of constructions (and soft copy) and perspective (if any);
Plans of constructions with District stamp (if any);
Valuation report of securities done by (person recognized by RDB and certified by IPRV);
Pro-forma invoice of equipment, raw material and materials to be bought; (if any)
REMA certificate with recommendations;
RRA and RSSB certificates;
RBS certificate;
All relevant authorizations in relation to the project to be financed;
Payment of nonrefundable service commission (1% of the Loan + VAT);
Land title/emphyteutic lease of the project site and securities;
A Stock Medium Term loan is a fixed contract with the customer to finance an increase in stock levels and to finance the permanent portion of stock with a fixed repayment schedule.
Businesses must be established and be able to show profitable trading results over two years at least.
Customers who have at least serviced similar facility for 36 years and with good track record in terms of paying commitments
The primary source of repayment of the loan is the cash flow from the business’s activity and repayments must be strictly tied with cash flows. Borrowers must present cash flow forecasts and preferably balance sheet projections for the entire period of the loan’s tenor. These must demonstrate that the cash generation of the business is positive and will enable the loan to be repaid over the loan period with a reasonable margin for error.
Repayments will normally be evenly spread over the life of the loan with monthly repayments of principal and interest.
In all cases a second way out must be provided in the form of tangible security. This may include the following:
A registered mortgage over commercial or residential property.
A charge over the operating assets of the business: Pledge on Business Assets for the full amount of the facility extended, a list of current assets at the time of disbursement must be attached to the charge document.
Insurance must be taken over the property/equipment/vehicle/stock showing the bank as loss payee.
A quarterly report of stock should be submitted by the borrower
1. Facility letter signed by the customer to confirm their acceptance of the terms of the bank’s offer
2. For a company :
a. Copy of the company’s certified statutes and Copy of the certificate of registration.
b. Resolution by the Board of the company authorizing the company to borrow from the bank Check the covenants
3. For partnerships:
a. All documents must be aligned with partners’ deed.
4. For sole traders:
a. Copy of the certificate of registration
b. Tax certificate
c. Insurance
5. Security documentation appropriate for the security concerned as per the Credit Policy checklist.
6. A copy of latest tax clearance certificates otherwise the current account with RRA.
7. List and ageing of debtors and creditors and a stock/inventory report.
3
Business bank guarantees especially for clients in contract management
A construction loan is a fixed contract with the customer to finance a known need and with a fixed repayment schedule. The need may be for construction of commercial or residential properties.
Businesses must be established and be able to show profitable trading results over two years at least.
Start-ups can be considered by exercising extreme caution based on reliable and tested cash flows projections.
The primary source of repayment of the loan is the cash flow from the business’s current and/or future activity. Borrowers must present cash flow forecasts and preferably balance sheet projections for the entire period of the loan’s tenor. These must demonstrate that the cash generation of the business is positive and will enable the loan to be repaid over the loan period with a reasonable margin for error.
Alternative cash flows may be considered.
Repayments will normally be evenly spread over the life of the loan with monthly repayments of principal and interest.
In special circumstances and as may be dictated by the business cycle, repayments can be quarterly, semi-annual, and annual as the case may be.
In all cases a second way out must be provided in the form of tangible security. This may include the following:
A registered mortgage over an existing commercial or residential property.
An undertaking to mortgage over commercial or residential property pending receipt of title deeds for buildings under construction.
For existing businesses, an additional security of a charge over the operating assets of the business may be taken for the full amount of the loan extended (where applicable). A list of current assets at the time of disbursement and specific fixed assets must be attached to the charge document.
Insurance must be taken over the property showing the bank as loss payee.
Loans for construction of commercial or residential property must be supported by confirmation of planning consent issued by the District concerned.
An environmental clearance must also be provided from REMA for all factory premises.
Facility letter signed by the customer to confirm their acceptance of the terms of the bank’s offer
For a company (LTD):
Copy of the company’s certified statutes and Copy of the certificate of registration.
Resolution by the Board of the company authorizing the company to borrow from the bank
Check the covenants
For partnerships:
All documents must be aligned with partners’ deed.
For sole traders:
Copy of the certificate of registration
Tax certificate
Insurance
Security documentation appropriate for the security concerned as per the Credit Policy checklist.
A copy of latest tax clearance certificates otherwise the current account with RRA.
Facility enables customers to execute purchase orders or contracts. The bank finances up to 70% of the cost of the order/contract, excluding advance payments where applicable.
Existing business with signed contract to supply goods and services
To accept the payment of contract services into the customer’s designated account in Cogebanque
Application letter
Copy of original contract to supply goods or services,
Short term loan allowing the client to continuous withdraw money up to the limit
Regular income (from: business, livestock, rent, etc...) - Turnover for 3 months equivalent or greater than the requested credit line amount plus interest
Application letter
Project description (customer needs statement)
Financial statement
Company Registration Certificate/ID copy of the applicant and his guarantor
Legal status certificate
RRA Tax Clearance Certificate - Valuation report of the collateral (done by a valuer which has a partnership with UNGUKA Bank Ltd)
To guarantee the payment for services to be rendered to a business by another party.
To provide assurance of payment of claims to a third party by our customer by way of a standby letter of credit.
Customers for whom Letters of Credit are to be issued must have an established business and a satisfactory track record of conduct of their account.
Start-ups can be considered by exception subject to full margin or other good quality securities.
The terms of the L/C must be precise and unambiguous and define specific documents in accordance with the Uniform Customs and Practice for Documentary Credits, that define under what specific circumstances the bank will make payment.
L/C’s may provide for payment at sight or issuance drafts to be drawn on the account party to the L/C.
Where sight drafts are called for, the bank will make payment against presentation of the specified documents. In such cases the L/C terms should specify that shipping documents should be made out to the order of BPR to ensure the goods remain under the control of the bank.
If the customer requests original bills of lading to be sent directly to him or to his agent the bank must regard its risk as being clean and security should be taken accordingly.
Where issuance drafts are specified and the customer wishes to clear the goods against his acceptance of the bill presented under the L/C the risk to the bank is again clean and appropriate security must be taken.
L/C’s would not normally be issued for longer than twelve months. Any longer term should be regarded as an exception to Credit Policy.
In support of an L/C, a margin will normally be taken, which may be from 10-100% of the amount the bank could be called upon to pay under the L/C. The margin should be debited to the customer’s account and converted into the currency of the L/C unless an exception is sought in the application to allow a local currency margin to be held.
Where L/C’s are opened for other than import of goods, 100% margin should normally be taken or an exception to Credit Policy requested.
In all cases a credit limit must be approved covering the issue of an L/C. However, where full margin is to be taken a confirmatory credit approval should be obtained.
Each L/C will be requested on the bank’s standard form incorporating a standard form indemnity from the customer authorizing the bank to debit the customer’s account on presentation of documents.
Facility letter signed by the customer to confirm their acceptance of the terms of the bank’s offer of facilities.
For a company (LTD)
We will obtain confirmation that the company is registered and signatories have full power to commit the company (this confirmation should be obtained from bank records).
Otherwise, the following documents will be requested:
Copy of the company’s certified statutes and Copy of the certificate of registration.
Resolution by the Board of the company authorizing the company to borrow from the bank
For partnerships:
All documents must be signed by all partners (associates) or in accordance with the powers stated in the partnership deed.
Copy of the certificate of registration must be obtained
For sole traders:
Copy of the certificate of registration must be obtained.
Security documentation appropriate for the security concerned as per the Credit Policy checklist.
A copy of latest tax clearance certificates or the current account statement with Rwanda Revenue Authority, if the facility is granted for less than 100% cash margin.
Pro-forma invoices or contracts for goods and services to be imported.
Encourage firms to enter the export market by reducing the costs to Rwanda Firms when adjusting to standards and other technical requirements in target markets.
£721,640
Business for export
Business plan and loan application letter;
Feasibility study (where applicable);
Financial report for past three years (existing projects);
Land title/emphyteutic lease of the project site and securities;
Bill of quantities of constructions (hard and soft copy) + Perspective (if any);
Plans of constructions with District stamp (if any);
Valuation report of securities done by (person recognized by RDB + certified by IPRV);
Pro-forma invoice of equipment, raw material and materials to be bought; (if any)
Copies of contracts with service providers related to required financing (if any);
BRD finances energy generation projects, energy access projects to facilitate household connection and energy efficiency projects to reduce the energy consumption.
Business in Energy
A thorough Business plan and a loan application letter;
A minimum owner`s (promoter) contribution of 30% of the total project cost;
A resolution of the promoter’s Board of Directors authorizing the application for a loan and pledge of assets as securities (where applicable);
Valid Land titles of the project location and other securities (if any);
Technical feasibility studies of the project
The Bills of quantities of construction (hard and soft copy);
The Perspective, Plans, and design of all constructions
A Concession agreement with the Government of Rwanda;
A Power purchase agreement (PPA) with the Energy Utility Corporation Ltd (EUCL);
The Company registration certificate from Rwanda Development Board (RDB);
A License from Rwanda Utilities Regulatory Authority (RURA);
An Environmental Impact assessment certificate or report;
Other partner funding (grants, subsidies, etc.) agreements (if any);
Quotations/Proforma invoices for Machinery and equipment;
Quotations for all contracts from third parties (EPC, EPCM, O&M, etc.);
Valuation reports of securities and construction works (if any) done by the entity recognized by RDB.
BRD’s role is to insure efficiently the disbursement of loans and bursaries within Rwanda and abroad and enforce recovery of the loans. This service concerns both undergraduate students, postgraduate students and matured loans (income generating/employed loanees)
Only loans for energy
Compliance with prudential regulations
Adequate organization and governance
Capital adequacy –
Adequate profitability
Adequate liquidity –
Adequate credit portfolio structure and portfolio quality –
Adequate internal controls, overseen by Audit Committee –
Adequate accounting and book keeping and MIS system,
An Equipment or Business vehicle loan is a fixed contract with the customer to finance a known need with a fixed repayment schedule. The equipment or vehicle to be financed must be directly used in the business and should ideally be new. Used equipment or vehicle may be considered only where evidence (through the internal Engineer) can be produced to certify the condition of the equipment or vehicle and its expected working life.
Businesses must be established and be able to show profitable trading results over two years at least.
Start - ups can be considered by exercising extreme caution based on reliable and tested cash flows projections.
The primary source of repayment of the loan is the cash flow from the business’s activity. Borrowers must present cash flow forecasts and preferably balance sheet projections for the entire period of the loan’s tenor. These must demonstrate that the cash generation of the business is positive and will enable the loan to be repaid over the loan period with a reasonable margin for error.
Repayments will normally be evenly spread over the life of the loan with monthly repayments of principal and interest. In special circumstances and as may be dictated by the business cycle, repayments can be made quarterly, semiannual and annual as the case may be.
In all cases a second way out must be provided in the form of tangible security. This may include the following:
A registered mortgage over commercial or residential property.
An undertaking to mortgage over commercial or residential property pending receipt of title deeds for buildings under construction.
A charge over the operating assets of the business for the full amount of the limit extended where a loan is extended along with working capital finance. A list of current assets at the time of disbursement and specific fixed assets financed by term loan must be attached to the charge document.
A fixed charge over the equipment/vehicle to be financed.
Insurance must be taken over the property/equipment/vehicle/stock showing the bank as loss payee.
If the equipment/vehicle is used for private purpose this must be disclosed at the onset and the bank must ensure that there are sufficient cash flows to repay the facility. This should be only applicable for sole proprietors and partnerships.
Pro-forma invoices must be available to confirm the cost of the equipment. Wherever possible it should be supplied through a distributor who is able to offer after-sales service or maintenance facilities, or at least the source of repair or maintenance facilities should be certain and practical.
Direct disbursement to suppliers should be considered where possible.
A grace period not exceeding six months may be appropriate if equipment is imported and/or has an extended installation period. If this is the case, the RM must justify the delay in payments commencing in the credit application file and must monitor specifically that the expected delays are not exceeded.
Facility letter signed by the customer to confirm their acceptance of the terms of the bank’s offer
For a company :
Copy of the company’s certified statutes and Copy of the certificate of registration.
Resolution by the Board of the company authorizing the company to borrow from the bank
Check the covenants
For partnerships:
All documents must be aligned with partners’ deed.
For sole traders:
Copy of the certificate of registration o Tax certificate
Insurance
Security documentation appropriate for the security concerned as per the Credit Policy checklist.
A copy of latest tax clearance certificates otherwise the current account with RRA.
Gisubizo Loan Express is an unsecured loan that seeks to meet short term financial needs/urgent needs for bank retail customers. Maximum is 15 times net salary.
All housing and infrastructure projects implemented by the Development Bank of Rwanda (BRD) Plc. The aim of financing this sector is to expand access to housing, boost the services and innovation sector and support capital market
Business in Housing
Loan application letter along with a strong business plan
Financial report and bank statements for past three years,
ID of owner or company/cooperative registration certificate;
Promoter's contribution of at least 30% of the total cost of the project;
Bill of quantities of constructions (and soft copy) and perspective (if any);
Plans of constructions with District stamp (if any);
Valuation report of securities done by (person recognized by RDB and certified by IPRV);
Pro-forma invoice of equipment, raw material and materials to be bought; (if any)
REMA certificate with recommendations;
RRA and RSSB certificates;
RBS certificate;
All relevant authorizations in relation to the project to be financed;
Payment of nonrefundable service commission (1% of the Loan + VAT);
Land title/emphyteutic lease of the project site and securities;
Certificate of business registration/incorporation
Memorandum & articles of association (for Corporate and SME)
Latest 6 months bank statements (12 months if Business is seasonal in nature)
Proforma invoice from the dealer/vendor
Latest 3 year financials, tax clearance certificate and cash flow projections. Audited financials are required for higher exposures. (For Corporate and SME)
Copies of contract where asset sought is to meet contractual requirements. (For Corporate and SME)
Product designed to entrepreneurs with a registered business in need of a working capital to boost their businesses, clients in need of this product should possess a collateral and ready to provide a guarantor. Maximum up to legal ,imit.
An investment loan is a fixed contract with the customer to finance a known need such as acquisition of business assets, acquisition of another business, expansion or diversification of existing operations.
Businesses must be established and be able to show profitable trading results over two years at least.
Start-ups can be considered by exercising extreme caution based on reliable and tested cash flows projections.
The primary source of repayment of the loan is the cash flow from the business’s activity. Borrowers must present cash flow forecasts and preferably balance sheet projections for the entire period of the loan’s tenor. These must demonstrate that the cash generation of the business is positive and will enable the loan to be repaid over the loan period with a reasonable margin for error.
Alternative cash flows may be considered.
Repayments will normally be evenly spread over the life of the loan with monthly repayments of principal and interest.
In special circumstances and as may be dictated by the business cycle, repayments can be quarterly, semi-annual, tri annual and annual as the case may be.
Grace period of up to 12 months may be granted to allow adequate time for completion of works and commencement of cash flow generation.
In all cases a second way out must be provided in the form of tangible security. This may include the following:
A registered mortgage over commercial or residential property.
An undertaking to mortgage over commercial or residential property pending receipt of title deeds for buildings under construction.
A charge over the operating assets of the business - for the full amount of the limit extended where a loan is extended along with working capital finance. A list of current assets at the time of disbursement and specific fixed assets financed by investment loan must be attached to the charge document.
Insurance must be taken over the property/equipment/vehicle/stock showing the bank as loss payee.
In instances where there is a significant element of construction in the investment project, loans to applicants without deeds of tangible securities (property), preliminary documents (authorization to build, deed plan and a 20 years lease agreement), leading to establishment of perfectible deeds must be presented to the bank in original form before disbursement.
Facility letter signed by the customer to confirm their acceptance of the terms of the bank’s offer
For a company (LTD):
Copy of the company’s certified statutes and Copy of the certificate of registration.
Resolution by the Board of the company authorizing the company to borrow from the bank
Check the covenants
For partnerships:
All documents must be aligned with partners’ deed.
For sole traders:
Copy of the certificate of registration
Tax certificate
Insurance
Security documentation appropriate for the security concerned as per the Credit Policy checklist.
A copy of latest tax clearance certificates otherwise the current account with RRA.
Full secured loan by discounting the invoices that have extended maturity dates to enable our clients to overcome their cash flow shortage -. Maximum 80% of invoice value
Open account in UB
Procurement contract, sub-contract or Purchase Order
20% of customer contribution
Experience in business or in tender execution
The invoice has to be paid through your UB account
Automatic deduction from your account once in voice payment is made
Loan Payment period is equal to the invoice maturity
Invoice Discount is a structured finance facility provided by the Bank in FRW to enable its customers to access to cash while awaiting settlement of their invoices. Maximum up to 70% of the invoice value.
The source of repayment for invoice discount is the proceeds from the pending invoice itself.
The facility will be settled upon receipt of funds. In the event that there are no funds on repayment due date, the RM must immediately take action.
In all cases a second way out must be provided in the form of acceptance and easily realizable security. This may consist of the following: A registered mortgage over residential or commercial property; b. Floating charge over the operating assets of the business for the full amount of the facility; Right of Set off on deposits held with the Bank
Bank guarantees
Adequate insurance where applicable
Promissory Note, Assignment of Receivables, and Joint surety of shareholders are taken.
Facility letter signed by the customer to confirm his acceptance of the terms of the bank’s offer.
Original invoice approved by the buyer.
For a company:
Copy of the company’s certified statutes and Copy of the certificate of registration
Resolution by the Board of the company authorizing the company to borrow from the bank
For partnerships:
All documents must be signed by all partners (associates) or in accordance with the powers stated in the partnership deed.
Copy of the certificate of registration must be obtained
For sole traders:
Copy of the certificate of registration must be obtained.
Security documentation appropriate for the security concerned as per the Credit Policy checklist.
A copy of latest tax clearance certificates or the current account statement with Rwanda Revenue Authority.
The invoice Discount Facility enables customers to bridge the debtors' gap and continue with their business activitieswhile waiting settlement of invoices
Existing business with current on going contract and none settled invoices
An overdraft loan is a lending arrangement on a current account that permit the customer to over withdraw on current account up to the specific limit with a specific expiry date
£3,681,818
Open account in UB
Procurement contract, sub-contract or Purchase Order
20% of customer contribution
Experience in business or in tender execution
Project description (customer needs statement)
Application letter
Company Registration Certificate/ID copy of the applicant and his guarantor
Legal status certificate - RRA Tax Clearance Certificate
Valuation report of collateral (done by a valuer who has a partnership with UNGUKA Ban
Product designed for clients in need of working capital for clients with emergency of money for finance their tenders or any other urgent need justified by the client.
To finance fully fluctuating working assets of a business, mainly stocks and trade debtors and not intended to finance permanent working capital, business expenses nor any form of long term assets.
Verifiable net operating cash flow (averaged over 2 years) equal to or greater than (4) times the size of the proposed overdraft limit.
Tangible and readily realizable security in one or more of the following forms: a. Charge over the operating assets of the business for the full amount of the limit; b. Goods in transit being shipped to the order of the bank (bills of lading made out to the order of the Bank); c. Pledge of specific stocks under the control of the bank in a bonded warehouse; d. A full set of Bills of Lading with BPR endorsed as consignee; e. A registered mortgage over residential or commercial property with a forced sale value (FSV) by an approved valuer of 125% of the limit
Fixed charge over fixed assets
Set off on deposits held with the Bank
Bank guarantees
Negotiable instruments with acceptable liquidity such as Bonds, Repos etc.
All security is required to be fully insured in sufficient amount to repay BPR, with BPR as the named loss payee. Current insurance policies from acceptable insurers to be held.
Overdrafts are high risk credit products and their use should be restricted to situations where other short term credit products are inappropriate or unworkable
Businesses that demonstrate good current account credit turnover (banking) or businesses that hold relatively high levels of stocks and debtors evidenced by periodic reports. In all cases, the account must record fluctuation of at least 50% of the facility amount per quarter.
A minimum of Rwf 5 Mio should be allowed.
Facility letter signed by the customer to confirm his acceptance of the terms of the bank’s offer
Signature by the borrower to the Bank’s Standard Terms and Conditions for Credit Facilities
Overdraft agreement on the bank’s standard form setting out the conditions for conduct of the overdraft.
For a company:
Copy of the company’s certified statutes and Copy of the certificate of registration.
Resolution by the Board of the company authorizing the company to borrow from the bank We should check for any negative covenants
For partnerships:
All documents must be aligned with partners’ deed and signed in accordance with the powers stated in the partnership deed.
For sole traders:
Copy of the certificate of registration must be obtained.
Tax clearance certificates
Adequate Insurance
Security documentation appropriate for the security concerned as per the Credit Policy checklist.
A copy of latest tax clearance certificates otherwise the current account with RRA.
List and ageing of debtors and creditors (if applicable)
12
Project finance, Agriculture Finance and Equipment loan
Safi product is targeting Self help groups and Voluntary Savings and Loan Association (VSLA's) in the deep rural areas. We partner with NGO’S who link their Savings Groups with VFR to access higher loans.
£3,682
Matured groups after 12months of formation
Repayment frequency:Monthly
Recomemded by an NGO / Facilitating Agency / Local Authority
This product targets mainly active clients particularly women and youth. These are clients who are graduated from the community bank to join the Solidarity group after finishing a certain number of cycles for them to access a high loan amount
Clients/prospects in the various business units’ target markets fulfilling the risk acceptance criteria set by the Bank, but with a proven record of monthly income to be channelled in our books.
£1,472,727
The IPF will be used to finance all types of insurance policies except medical and life insurance policies.
The Bank will only finance premiums for insurance policies that are current and continuing or newly written policies.
A commitment from the insurance company guaranteeing the repayment of the unutilized premium portion in case the customer fails to honor its repayment obligations within a period not exceeding 7 days.
Upfront payment of first two installments.
Personal guarantee of the shareholders for the total facility amount plus accrued interests.
Additional collaterals may be requested depending on the risk profile of the client.
Ubwizerane is a graduation product offered to Community bank customers who have demonstrated growth, and who require larger loans to continue growing their businesses, and who have a good repayment record.
£3,682
Crops can be: Seasonal Repayment holiday with monthly interest
Livestock can be: 1 to 6 month grace period then monthly principal and interest (P&I)
Urunana product is offered for Community Banking, basically group of people who have self-selected into groups of min 8 to max 15 individuals. The priority is given to Low income and micro entreprenuers particularly women and youth living inperi - urban and rural areas
The Financing Gateway provides you with a free listing of the many financing instruments available for MSMEs. It enables you to filter the instruments that match your needs and click through to the –financing provider’s Internet pages or Contact agent details to find out more and apply.
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