Financing Instruments & Financing Providers
Total results: 51
- 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.
- ID of authorized Representative and shareholders.
- Must be an Inkomoko client in good standing (current on payments within due date) for a minimum of three months.
- Projects that fits AEC’s mission (eg. Employment creation).
- 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.
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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
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This product is offered to active clients, particularly women with small businesses who don’t have collateral and they are in need of a working
Peer guarantee
- Identification card
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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
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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
6
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
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
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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
Fully secured working capital loan to entrepreneurs with active small businesses to all Rwandan registered companies and individuals
- 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
2
The individual loan targets Small businesses and micro - entrepenuers who are in need of working capital or need funds to buy business assets
- Existing business
- ID card,
- Patent document
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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.
Activity in trading
- Identification card
6
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.
- 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).
10
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.
10
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
12
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
- 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
3
Medium and long term facility for acquisition, renovation or construction of residential houses, commercial buildings, schools, medical clinics, etc
- 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)
10
Encourage private sector investment in export oriented production in order to increase availability of goods and services for export.
- 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).
10
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;
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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,
- Appropriate Implementation Capacity
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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,
- Account in Cogebanque
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Financing Facilities
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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