It is a short term cash loan provided by a Bank to a company upon request. The business that receives the credit line can continuously draw from the bank up to a specified amount.

Features

• - It reinforces the cash flow of ones business

• - One is charged according to their deposits

• - It takes 1 week to process

• - Payment period is for 12 months renewable

• - Attractive interest rates

Requirements

• - Business plan required

• - Security

• - MOU of company

• - Financial statements for the last 3 years

• - Copy of ID if Rwandan or passport if foreigner

• - Evaluation documents of the house i.e. land titles

• - Trade license

• - Board resolution

• - Evidence of contracts from tenders

• - Cash flows

FAQ’s

1.    Who is legible to a cash credit line?

 Anyone is legible as long as they are able to fulfill the Banks requirements

2.    How does a cash credit line help in business?

A CCL can be used improve ones business as it helps in reinforcing the working capital, solves the day to day business activities or problems

3.    When my payment period runs out for the CCL, can it be renewed?

Yes, it can be renewed based on your payment structure. If your monthly deposits are equivalent to the payments the Bank requests for, then we can give you an equivalent credit facility and the payment period correspond with what you were given before. However if the deposits are low then we give you a smaller deposit with a shorter payment period.

4.    How is interest charged?

We usually charge interest based on your account balance.