Financing Instruments & Financing Providers
Total results: 52
Koramuhinzi Agricultural Loans products targets small holder farmers in rural communities, providing them with finance for their farming needs including loans for Inputs,
- 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
6
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.
- Original purchase order/contract from the buyer.
- Identification proof
6
Turn your business goals into reality with Bank of Kigali.
- 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
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
12
This is a short to medium term loan granted to customers for purchase of moveable capital assets including agricultural equipment
- 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).
5
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
5
Financing agribusiness
- 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
5
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;
10
Turn your business goals into reality with Bank of Kigali.
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
12
Turn your business goals into reality with Bank of Kigali.
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
Financing Facilities
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