Revolving Loan
Are you a farmer? Or are you involved in some part of the agro-business value chain? A revolving loan is a tailored facility to enable you draw several loan tranches, each with a fixed repayment schedule, on a revolving basis in order to finance your working capital requirements. This enables you handle your stocks and debtors on a short term basis without necessarily having an overdraft on the current account.
This facility is also suitable for crop financing (e.g. coffee, tea, cereals, etc.).
Features
- Repayment spread over an extended period, matching the life of the asset financed or the cash-flow providing repayment.
Basic Application Requirements
- Copy of the statutory documents (Statutes/Memorandum of Association and Articles of Association, Certificate of registration or a copy of identity card for individuals)
- Financial statements for 3 consecutive years (Balance sheet & Income statement) if it has been in operation. For the start ups we require opening balance sheet and provisional income statement.
- Cash flow projections for the period of the facility.
- Tax clearance certificate from the RRA no more than three months old
- Proposed security and its valuation.
For detailed information, visit the nearest Branch or contact:
Jeanne Gasengayire
Tel: + 250788 30 28 86
Callixte NYILINDEKWE
Tel: + 250788 30 42 27
Maurice IYERA
Tel: + 250788 30 24 31
