Working Capital

Account Description

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

  • Repayment is monthly (Capital + Interests).
  • Interest rate is 18-21% declining.
  • Repayment term up to 4 Years.

  • Repayable up to 4years.
  • In 14 days terms and condition applies.
  • Increase the amount of articles.
  • Add new articles.
  • Avoid stock shortfall.
  • Empower business capacity.

  • 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).