Development Bank of Rwanda (BRD) has designed a collection of ‘Frequently Asked Questions (FAQs)’ in response to the commonly received inquiries or questions in the context of providing better understanding of BRD’s overall mandate.

  1. Briefly, what is BRDs strategic mandate?

In its expanded mandate aligned with the new strategic plan 2016-2020, BRD has set a new course as a purely development focused national development bank. The new vision to “accelerate broad based, sustainable economic transformation and prosperity creation” makes this new mandate clear.

To achieve this vision, BRD has articulated four strategic themes:

  • Focused Investments and Growth: The bank will ensure that it makes investments that are aligned with this strategy and focus areas. And in order to make investments that are sustainable, BRD will ensure that such investments are profitable and facilitate its growth.
  • Building strong partnerships: In order to achieve its development goals, BRD will use every opportunity to build strong and varied partnerships.
  • Maximize Development Impact: At the center of everything that the bank will do is the idea that it must facilitate and generate development impact, in Rwanda and the region. BRD will ensure that this strategic objective is embedded in all its interventions.
  • Increased resource mobilization: In line with the expectations around its development mandate, BRD will more mobilize resources to fund this ambitious strategy. The bank’s financial resources will always be a small fraction of the financing needs of Rwanda’s transformation. The bank will explore options for attracting more investments from new funders and donors, including DFIs, pension funds, impact investors.

Building on this new vision, a new mission and clear priorities centered on five priority sectors have been articulated. These will all be driven by embracing a set of five fundamental values:

  • Pragmatic: BRD will catalyze development finance while keeping a business mindset.
  • Focused: BRD will focus on key high impact flagship interventions since the needs are many but resources are few.
  • Innovative: BRD will structure interventions to achieve more impact with fewer resources.
  • Engaged: BRD will deliberately share new direction and manage expectations of internal and external stakeholders.
  • Inclusive: BRD will deliver broad based development for all Rwandans especially those underserved by commercial banks and a special focus on women and youth.


The Banks’s new mission will be achieved by focused interventions in five priority sectors. These will include investments to:

  • accelerate export development;
  • catalyze agricultural financing;
  • promote affordable housing;
  • manage and facilitate financing for education loans, and
  • Increase investments in energy development.


BRD will address these priority sectors by embracing a: pragmatic, focused, innovative, engaged and inclusive approach that prioritizes women, youth and other underserved groups.

  1. Who are the shareholders of BRD?

The Bank’s major shareholder is the Government of Rwanda (GoR) and Public institutions (including RSSB, NAEB). Other shareholders include local private institutions (such as BK, BRALIRWA, and SONARWA among others) and foreign institutions (such as Belgian Government).

  1. What is BRD’s core banking product and service offerings?

The Bank provides short, medium and long term financing to investment projects that majorly fall under the priority sectors (agriculture, exports, energy, housing, education) which are aligned with the bank’s strategic plan 2016-2020 and the Governments development agenda enshrined in Vision 2020 and EDPRS II.

Any project promoter whose business idea falls within the priority sectors can access the bank’s financing intervention in form of products (including loans, leasing, equity, guarantee funds, line of credits, trade finance) and also take advantage of special programs such as the Export Growth Facility and the Student Loan and Bursary scheme.

The Bank also provides advisory, capacity building and technical assistance services.

  1. Is it possible to access my account anytime? Does BRD have e-Banking services?

With the sale of a portion of its assets (equivalent to 31% of its business) to Atlas Mara Co-Invest Ltd, the Bank expanded and refocused its mandate as a purely development finance institution. This means that all retail banking (such as over the counter transactions, deposit taking and account openings) will be undertaken by BPR (a merger between BRD Commercial and Banque Populaire du Rwanda) which has a dedicated Branch at the BRD headquarters to exclusively serve BRD clients.

To facilitate effective service delivery and ensure customer satisfaction, our clients can access their banking services (bank accounts) through the iBank application on the official BRD website. Also, BPR has a dedicated ATM machine at the BRD headquarters for our clients’ convenience.

For further assistance, please visit the BPR branch at BRD for more details.

  1. What type of business activity or sectors of operation does BRD finance?

BRD finances all sectors of productive investment which generate added value and create employment in form of credit or/and equity participation. In its credit policy, priority is given to the following sectors:

  • Energy development
  • Agriculture financing
  • Education financing
  • Exports development
  • Housing development


  1. What are the key requirements to benefit from BRD financing?

BRD has an open-door policy and we understand and efficiently respond to the needs of all prospective clients. However, the Bank’s credit policy focuses on availing financing to the priority sectors of the Rwandan economy.

To access our financing, please note the following general lending conditions;

  • A feasibility study for the project (technical and financial).
  • Adequate technical capacity in the field of the project for which finance is being sought
  • Capacity to manage the project
  • Adequate market share to ensure a good turn-over level and project profitability
  • A minimum participation by the promoter varying between 30% and 50% of the cost of investment according to the size of the project.
  • Audited financial statements for three previous years for existing project
  • Clearance certificate from RRA for existing project
  • Land title/emphyteutic lease of the project site and securities;
  • Valuation report of securities done by (person recognized by RDB);
  • For expansion projects, the contribution of the Bank can represent the totality of the necessary investment


  1. What is the interest rate applied to the credits? Are there any commission fees?

The interest rate is negotiable between the Bank and the customer and takes into account the cost of resources used for the financing, the collateral security offered, the risk of the investment, the credibility of the investor and the economic and the social impact of the project. The rate currently varies from 12 to 16% according to the cost of resources.

The commissions on credit include a 0.75% service and a 0.5% Management fee levied on the total amount of the given loan.


  1. Does the bank provide a grace period? What is the minimal and maximal period for a loan repayment?

In consideration of the projected cash-flows, BRD provides an appropriate grace period. Additionally, the loan repayment period varies depending on the projected cash-flows. At present, the average repayment period is between 7 and 10 years, which makes BRD the leading financier of long term projects in Rwanda.

  1. Are there any guarantee funds or other credit lines provided by BRD? What is the participation or the intervention of every guarantee fund?

It varies on the existing agreement between BRD and the fund donors. Our clients can benefit from guarantees and investment facilities such as Agriculture Guarantee Fund (AGF); Small and Medium Enterprises (SME) Guarantee Fund; African Solidarity Guarantee (FSA) and Rural Investment Facility Phase II.

  1. How long does an application for investment credit take? (From the submission of the credit request to the approval/disbursement or denial). Apart from accessing BRD services at its headquarters, where else can one access its services?

 To bring services closer to the people, BRD will soon leverage on the large network of our partners such as Business Development Fund (BDF) and BPR to effectively serve all our clients located allover Rwanda.

On receipt of an application for financing, the bank’s service charter sets at least three weeks for projects below Rwf 600 million and six weeks for projects above Rwf 600 million.

For more inquiries, kindly visit/contact us:


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