The trade facilities we offer as a Bank covers the requirements of our importers and exporters. We provide specialist processing of documentary transactions from letters of credit, negotiated bills i.e. bill of loading and bankers acknowledgement to all trade finance facilities.

Features

• - Attractive interest rates

• - Processing period of up to 2 weeks

• - Payment period is up to a maximum of 1 year

Requirements

For the case of importers we require;

• - Copy of ID if Rwandan or passport if foreigner

• - Financial statements for 3 consecutive years

• - Opening balance sheet and provisional income statements

• - Importation program for 12 months

• - Condition of payment to foreign suppliers using L/C

• - Proforma invoices

• - Proposed security and its evaluation

For the case of exporters we require;

• - Copy of the legal documents if it's a company i.e. Memorandum of Association,

• - Articles of Association and Certificate of Registration.

• - For the case of individuals we require a copy of ones identity card.

• - Financial statements for 3 consecutive years

• - Contract with the foreign buyer

FAQ’s

1.    How is Interest charged?

We charge interest on a monthly basis

2.    When the payment period runs out for the trade credit facility, 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 is equivalent what you were given before. However if the deposits are low then we give you a smaller deposit with a shorter payment period.

3.    How is interest charged?

We usually charge interest basing on ones account balance

4.    How is this facility given?

We usually give this loan inform of a cash credit Line, license of credit, stock loan or investment loan.