• 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).

• Existing business

• ID card,
• Patent document

Activity in trading

• Identification card

• 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.

• 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

• 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)

• 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

• 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

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

Activity in trading

• Identification Card