Small business loans are offered to both male and female entrepreneurs.
The key features of this loan are:
- The loan is for existing business expansion only
Loan ceiling (1st loan) | RWF 401,000 – 1,000,000 Not more than RWF 500,000, maximum increment up to RWF 3,000,000 on other cycles. |
Follow-on loan | Up to RWF 20,000 |
Insurance / loan processing fees | Applicable |
No. of instalments | 23/16/45 |
Loan duration / period | 6,4 and 12 months |
Processing time for 1st loan | 1 - 2 weeks |
Grace period | 4 weeks |
Age limit | 18 – 60 |
Collateral requirement | Applicable |