Financing the working capital for business

• Business with a need of working capital

• Application letter from the customer
• 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)

Fully secured working capital loan to entrepreneurs with active businesses to all Rwandan registered companies and individuals

• Existing business

• Application letter.
• Project description (customer needs statement) - Financial statement certified.
• 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 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.
• Fire insurance for house and comprehensive insurance for car (applicable for loan beyond 3 Million).
• Notified Board resolution for companies.
• Bank statements for the last 6 months (if account held with another financial institution).

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

• Repayment frequency: bi-weekly or monthly
• Group recomemded / Approved by Local Authority
• Loans should be used for the given purpose

• ID cards,
• Group constitution,
• Recommendation from cell phone company

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.

• 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)

• ID cards,
• Group constitution,
• Recommendation from cell phone company

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.

• 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.

Short term loan from 1 to maximum 12 months which is granted to business customers having procurement contract

• Open account in UB
• Procurement contract, sub-contract or Purchase Order
• 20% of customer contribution
• Experience in business or in tender execution

• Application letter
• Payment domiciliation in UB
• Company Registration Certificate/ID copy of the applicant and his guarantor
• Procurement Contract, Sub-Contract or Purchase Order
• Legal status certificate
• RRA Tax Clearance Certificate
• Valuation report of the collateral (done by a valuer, which has a partnership with UNGUKA Bank

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

Activity in trading

• Identification Card

Short term loans given to coffee exporters for up to 1 year to finance the washing and exporting of coffee

Open

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.

• Matured groups after 12months of formation
• Repayment frequency:Monthly
• Recomemded by an NGO / Facilitating Agency / Local Authority

• ID cards,
• Group constitution,
• Recommendation from cell phone company

• Secured Loans
• Unsecured Loans

• Must be registered as a business in Rwanda.
• Must be an Inkomoko client in good standing (current on payments within due date) for a minimum of three months.
• The business must be in existence and active for at least 6 months.

1. ID of authorized Representative and shareholders.
2. Must be an Inkomoko client in good standing (current on payments within due date) for a minimum of three months.
3. Projects that fits AEC’s mission (eg. Employment creation).
4. Past, current and Projected financial statements.

• Provide account statement, if any
  Ability to repay the loan.
• Good credit history (CRB) with AEC RT or other financial institutions, If any.
• Certificate of company registration.
• Financial Statements.
• In case of a collateral to be pledged, document of the property shall be provided.
• Tax clearance certificate,Bank Account Statements.