A loan designed for women engaged in business who lack sufficient capital and collateral.
Loan Structure :
- Loan amounts range from RWF 500,000 to RWF 5,000,000.
- Applicants must save 30% of the loan amount before approval, earning 3% annual interest on savings.
- Monthly repayments include a 10% savings contribution.
- Loan repayment period: up to 24 months.
- Collateral: 70% guaranteed by BDF, plus a 30% savings contribution.
Eligibility Criteria :
- Women engaged in income-generating activities for at least six months.
- Must have business registration documents.
- Must have valid identification.
- Must have an active COPEDU Plc account for at least one month.
- No outstanding loans in other financial institutions.
Advantage :
- Empowers women to leverage loans for business growth.
- Encourages a savings culture.
- Provides access to credit without immovable collateral.
Disadvantage :
- Failure to adhere to the repayment schedule may reduce eligibility for future loans..
- Non-compliance with repayment may affect credit history, limiting access to financial services.
