The Small Loan is offered to a female entrepreneur only. The core objective is to empower the women in the country so that they can contribute to the economy effectively.
The key features of this loan are:
- The loan is for expansion of small businesses only.
- Helps underprivileged to overcome the dependency on moneylenders.
- Develops a self-help mentality and self-employment capacity of the entrepreneurs.
- Makes the underprivileged communities self-reliant through involving in income-generating activities.
Loan ceiling (1st loan) | RWF 100,000 – 400,000 |
Increment of Loan
| Not more than RWF 300,000 , Maximum increment up to 1,500,000 RWF |
Insurance / loan processing fees | Applicable |
No. of instalments | 23,16,45 |
Loan duration / period | 6 months, 4 months and 12 months |
Processing time for 1st loan | 1 - 2 weeks |
Grace period | 1 week |
Age limit | For all loans: 18 - 60 |
Collateral requirement | Not required |