• 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

• 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.
• Original purchase order/contract from the buyer.
• Identification proof

• Usually based on the cyclical nature of planting and harvesting seasons.
• There are also large-scale projects that take a longer duration depending on the financing needs that may include process mechanization.
• A moratorium is normally provided where customer meets the interest payments and repays the loan in bulk on receipt of harvest sales.

• Application letter
• Completed application form
• Copies of valid identification documents
• Proof of land ownership since it is used as collateral

• 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

• Initiated business with equipment needs

• 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 of 100% of forced value (done by a valuer which has a partnership with UNGUKA Bank Ltd).
• Collateral title documents.
• Act of lending property if the collateral doesn’t belong to the borrower.
• Life insurance is mandatory.
• Asset insurance.
• Proforma invoice or Provision sales agreement.
• Notified Board resolution for companies.
• Bank statements for the last 6 months (if account held with another financial institution).

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

• 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;

Open

• Loan Application Letter
• Company registration documents
• Company financials for the last three months
• A solid business plan in case of a new business
• Shareholder identification documents
• Proposed collateral property with valuation report
• Copy of the title deed for the security, if it is a house or plot

Open

• Loan Application Letter
• Company registration documents
• Company financials for the last three months
• A solid business plan in case of a new business
• Shareholder identification documents
• Proposed collateral property with valuation report
• . Copy of the title deed for the security, if it is a house or plot

Open

• Loan Application Letter
• Company registration documents
• Company financials for the last three months
• A solid business plan in case of a new business
• Shareholder identification documents
• Proposed collateral property with valuation report
• Copy of the title deed for the security, if it is a house or plot

• 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.

Open

• Loan Application Letter
• Company registration documents
• Company financials for the last three months
• A solid business plan in case of a new business
• Shareholder identification documents
• Proposed collateral property with valuation report
• Copy of the title deed for the security, if it is a house or plot

Open

• Loan Application Letter
• Company registration documents
• Company financials for the last three months
• A solid business plan in case of a new business
• Shareholder identification documents
• Proposed collateral property with valuation report
• Copy of the title deed for the security, if it is a house or plot

Peer guarantee

• Identification card

• 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.

• 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,
• Account in Cogebanque

• 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)
• Collateral title documents

• 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.

• 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);
• Rwanda Environment Management Authority (REMA) certificate;
• Rwanda Revenue Authority (RRA) certificate;
• Rwanda Bureau of Standards (RBS) certificate;
• ID of owner or company/Cooperative registration certificate;
• Promoter's contribution of at least 30% of the total cost of the project;
• Payment of service commission (1% of the Loan + VAT).

• 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);
• Rwanda Environment Management Authority (REMA) certificate;
• Rwanda Revenue Authority (RRA) certificate;
• Rwanda Bureau of Standards (RBS) certificate;
• ID of owner or company/Cooperative registration certificate;
• Promoter's contribution of at least 30% of the total cost of the project;
• Payment of service commission (1% of the Loan + VAT).

• 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.

• 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,
• Appropriate Implementation Capacity

• 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.

• Open

• Contract of employement
• Clean Credit Reference Bureau report

• 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;

• Business with a need of asset

• 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)

• Existing business

• ID card,
• Patent document

Activity in trading

• Identification card

• Existing business with need of insurance premium finance

• Application letter
• ID/TIN
• Proof of neeed of insurance premium

• 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.

• Business in operation

• Application letter
• ID/TIN

• 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
• Finance of up to 80% of invoice proceeds
• 5 days Maximum processing period

• 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.

• Existing business with current on going contract and none settled invoices

• Application letter
• ID/TIN
• Contract
• Non settled invoices

• Open account in UB
• Active business (experience for 6 months)
• Loan Security
• The business has to be located in Rwanda

• Project description (customer needs statement)
• Financial statement certified
• 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, which has a partnership with UNGUKA Bank Ltd)
• MICRO WORKING CAPITAL LOAN 21: - 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 - Notified Board resolution for companies
• Bank statements for the last 6 months (if account held with another financial institution

• Open account in UB
• Regular income (from: salary, business, livestock, rent, etc...)
• 30 % for other customers

• Application letter
• Company Registration Certificate/ID copy of the applicant and his guarantor
• Legal status certificate - RRA Tax Clearance Certificate
• Valuation report of the property and bill of quantity of remaining work (done by a valuer, which has a partnership with UNGUKA Bank Ltd)
• 34: Construction permit
• Collateral title documents
• Act of lending property if the collateral doesn’t belong to the borrower
• Life insurance is mandatory
• Fire insurance
• Provision sales agreement for purchase
• Notified Board resolution for companies
• Bank statements for the last 6 months (if account held with another financial institution)

• 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

• Existing business with need of overdraft

• Application letter
• ID/TIN

Activity in trading

• Identification card

• 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)

• 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.

• 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

Open

Activity in trading

• Identification Card

• 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

• 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.

• 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

• 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