Housing & Infrastructure
In pursuit of accelerating Rwanda’s urbanization as stipulated in the National Strategy for transformation, as a Development Bank we are involved in financing housing projects that increases access to decent and affordable homes. These include projects for immediate homeownership, rental schemes, rent-to-own, sustainable projects and climate Friendly Housing, informal settlement upgrade, and financing for the setting up of factories for Alternative & Innovative Building Technologies. We are involved in financing value-adding infrastructure projects that are geared to support the development of a competitive private sector while taking at the heart transformation, resilience, and innovation. These infrastructures are crosscutting from Transport, ICT & digital economy, Health, Trade, Logistics, Industrial Parks, Education, Tourism, Public utilities, etc.
We are also involved in wholesale lending to financial institutions with the aim of increasing access to affordable housing finance to first-time homeowners (households) to get preferential interest rates of 11% per annum for over 20-year tenure for affordable housing mortgage loans.Â
Our Impact in 2021
Our Interventions
Through mortgage financing and production of bankable housing BRD is involved in the financing of affordable housing supply and financing off-takers through Financial Institutions. BRD also finances middle-end housing to off-set housing deficit and support pro-jects that spur urbanization.
To ensure social transformation and improved health system. BRD is involved in providing financing solutions to the health sector to meet financing needs for the health sector such as construction of health facilities such as hospitals, polyclinics etc. expansion projects to acquire modern medical equipment’s, setting up research and development (R&D) centers, pharmaceutical manufacturing plants and other medical consumables.
ICT is highly considered as a crosscutting enabler and driver for economic growth and development and we take the sector as a strategic sector of intervention to spur social economic development in the country. In this space, we finance infrastructural development projects related to ICT  such as financing of broadband infrastructure, internet penetration , IT platform developments, ICT gadgets assembly plants, e-commerce facilities, and other ICT projects with proven social economic impact.
Investments in the transport sector  lowers  the costs for the movement of factors of production which drives productivity and growth of the economy. We finance transport infrastructure and other transport solutions with proven social economic impact such as Transport of goods and services i.e., Public Passenger Transport, Cargo Trucks, scalable maintenance and auto repair workshops, Taxi Parks, Auto Assembly points, Aviation projects, e-moto charging bulk infrastructure to mention but a few.
To achieve sustainable development, investments in human capital is required to increase people’s productivity and creativity required for growth and development. We have identified the education sector as one of its sectors of intervention by providing it with through provision of development finance. We support education projects such as construction and renovation of schools, setting up of education facilities such as laboratory, research, and development centers, specialized and inclusive education facilities such as schools for people with disabilities, sports academies etc.
We finance infrastructural development that facilitates regional and international trade with the aim of facilitating the flow of goods and services. These projects include the construction and upgrading of modern trading markets, warehousing facilities, Bulk storage centers, in-land ports to mention but a few.
We view public infrastructure as as strategic avenue to improve social wellbeing of the country and we are financing public goods type of infrastructure such as; Waste, Water and Sanitation projects, energy generation and transmission, amusement parks, modern parking yards, construction of stadiums, cultural theatres, and arenas etc.
Key Requirements
Well-designed business plan and technical feasibility study with an investment plan with a minimum of 30% of own contribution. This plan should clearly
- demonstrate envisioned social economic development outcomes,
- an Investment Plan showing items that will be financed through equity and debt. Pre-operating expenses and other expenses incurred towards the project shall be backed by satisfactory proof acceptable to BRD. Items to be financed by the Bank shall be supported by proforma invoices, signed contracts or any other equivalentÂ
- The business plan should demonstrate technical, economic, financial, and commercial viability of the project as well as governance competency to achieve the desired outcomes.Â
Bills of Quantities, Designs, drawings & Architectural Plans for the projects involving civil works construction.
Company profile/ project promoter profiles ( CVs etc.), Corporate Governance showing Board of Directors and the Management team with brief profiles, copies of identifications ID’s or passport and working permits where applicable.
Shareholder’s profiles with brief CV’s, assets and liabilities of shareholders, copies of identifications e., ID’s or passport and working permits where applicable.
3 most recent years Audited Financial Statements and latest management accounts for businesses with existing operations and forecasted financials for start-ups.
6 months bank statements for borrowing companies/individuals  for the major bank accounts maintained.
Copies of relevant contracts with project implementation partners i.e., contractor, supervising companies, project managers and their track record showing similar projects executed in the past backed by certificates of good completion. Â
Copy(ies) of the Land documents for the project to be financed , Valuation reports of collaterals done by recognized valuers and certified by the Institute of Real Property Valuers in Rwanda (IRPV).
Construction permit , Environmental Impact Assessment, EIA report and conditions of approval ( where applicable depending on the project).
Full RDB registration certificate , Investment License (where applicable)Â and other operating licenses and authorizations from relevant authorities that may be applicable to the project.
RRA & RSSB clearance certificates.
Terms & Conditions
The project must be in line with BRD’s sectors of intervention and able to demonstrate social economic development outcomes such as job creation, import substitution, sustainability, scale, value addition, climate friendliness, youth, and gender responsive, human development and skills transfer, digitalization etc.
Projects accepted for financing are those with a minimum financing amount of Frw 50 million.
A minimum of 30% own contribution is required and injected in the project upfront.
The financing must be secured by acceptable collaterals that meets the acceptable collateral coverage for the Bank. Collaterals may include project sites with title deeds, Landed Properties & Immovable Properties, the joint and several guarantees of shareholders (where applicable), corporate guarantees, credit guarantees form credit guarantee agencies etc.
Grace period is granted inline with the project implementation schedule and when the project will start to generate cashflows with an option of interest capitalization at the end of grace period or servicing interests during grace period.
This depends on the investment time horizon of the project and the maturity of financial resources held by the Bank.
This is only done for projects whose sales/revenues are denominated in foreign currency.
These must be in line with the Bank’s tariff.