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Access to capital for women entrepreneurs in Rwanda

Rwanda has put in place mechanisms to promote financial inclusion.

A National Financial Inclusion Strategy that is focusing on products and opportunities dedicated to helping women and girls to access capital has been developed and adopted.

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.

angle-left Business Development Fund

Business Development Fund

About the institution

BDF

As part of the financial infrastructure to promote SMEs, BDF was established in 2011 as a wholly owned subsidiary of the Development Bank of Rwanda (BRD), with the objective of assisting SMEs to access finance, particularly those without sufficient collateral to obtain credit from traditional financial institutions at reasonable rates.

 

 

List of products provided

 

 

 

 

1.     Business loan

Interest rate

Pending

 

collateral

cover a between 50 and 75% of collateral required by the lending institution. The maximum guaranteed amount is 500 million francs for Agriculture campaign and 300 million francs for other sectors within a maturity period of 10 years.

 

Grace period

Varies

 

Duration

Varies

 

Repayment terms

Varies

 

Requirements
  • Approach your financial institution (Bank/MFI/SACCO) to go through the full credit application process.
  • The financial institution will do the due diligence of your project and also determine the additional credit guarantee required to add on your contribution.
  • The financial institution will apply for BDF credit guarantee on your behalf.
  • After the application is received at BDF, you will get a notification via SMS on the status of the application.

    2/ How to apply for BDF Grants:

  • Need to have an account on the BDF Loan Management System
  • Login to the system, and find the desired service (in this case Grants for RDDP)
  • Follow the indicated instructions to apply.

 

 

 

2.     Going to school loan

 

No

 

 

 

 

 

 

3.     Construction loan

 

No

 

 

 

       ….

 

 

 

 

 

 

 

 

         Contact details

 

Contact info

Call: 4777

Email: info@bdf.rw

H.Q: Nyarugenge, M. Peace Plaza, 5th Floor

 

 

 

 

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