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.
Activity in trading
Identification card
36
Project finance, Agriculture Finance and Equipment loan
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,
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)
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
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
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)
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.
RWF 4,545,455
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)
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.
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;
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,
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
EGF WINDOW 2 – Matching Grant Facility- For market-related costs
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.
RWF 890,913,636
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);
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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