50MAWS Project engages East African Financial institutions for more financial inclusion. Click on the photo above for the full story
AB Bank Rwanda - Rwanda
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Access to capital for women entrepreneurs in Rwanda
Rwanda has put in place mechanisms to promote financial inclusion.
The Rwandan Ministry of Finance and Economic Planning is now working with different Financial institutions in the efforts to promote financial inclusion.
The country has also initiated the Business Development Fund (BDF) which is providing guarantees and grants to accompany the ongoing financial inclusion initiatives with a deliberate effort targeting marginalised women and young girls.
In the same line, the Ministry of gender and family promotion (MIGEPROF ) and Ministry of ICT and innovation (MINICT) are initiating a Women and youth Investment Facility (WYIF) for new startups mostly emerging women and youth entrepreneurs.
AB Bank Rwanda
Fee/Charges/Rates | ||
AB Bank Rwanda (ABR) is a fully-fledged micro finance bank which offers a wide range of financial products and solutions that serve both retail and corporate clients. AB Bank’s offerings include a variety of deposit products tailored to fit any client’s needs, money transfer services (regional, and local), SMS banking, performance guarantees, and foreign exchange, among others. Notably, foremost to these offerings are the loan facilities that meet the needs and capacities of micro, small and medium-sized enterprises (MSMEs) and other clients in the lower income strata. >FRW25M | ||
Monthly Interest Rate | 2% Per Month | |
Loan Application Fees | FRW 20,000 Per Application | |
Administration Fee | 1.5% to 3% Disbursed Amount | |
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FRW 5M TO FRW25M | ||
Monthly Interest Rate | 2.75% to 3.25% Per Month | |
Loan Application Fees | FRW 10,000 Per Application | |
Administration Fee | 3% to 4% Disbursed Amount | |
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FRW 70,000 to FRW 5M | ||
Monthly Interest Rate | 3.75% Per Month | |
Loan Application Fees | FRW 5,000 Per Application | |
Administration Fee | 3.5% to 5% Disbursed Amount | |
NOTE.
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Stories
The African Development Bank partners with EAC, COMESA & ECOWAS Regional economic blocks to implement the 50 Million African Women Speak Networking Platform Project.The platform is intended to empower millions of women in Africa to start, grow, and scale up businesses by providing a one-stop shop for their specific information needs. Click on the image for more information