Micro Working Capital


Product Description

Fully secured working capital loan to entrepreneurs with active small businesses to all Rwandan registered companies and individuals.


Features
  • Repayment is monthly (Capital + Interests).
  • Interest rate is 21% flat.
  • Repayment term up to 2 Years.

Benefits
  • Repayable up to 2 years.
  • In 14 days terms and condition applies.
  • Increase the amount of articles.
  • Add new articles.
  • Avoid stock shortfall.
  • Empower small business capacity.
  • Stock increase.

Requirements
  • 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..
  • Notified Board resolution for companies.
  • Bank statements for the last 6 months (if account held with another financial institution).