Rwanda - Development Bank of Rwanda

The project seeks to provide a 10 year (upto 2 year grace period) LoC to Development Bank of Rwanda (BRD) amounting to USD 20 million. The LoC will contribute to the financing of BRD’s pipeline which comprises enterprises in various transformational sectors including in agriculture, energy and manufacturing, affordable housing, with special emphasis on energy financing sectors. BRD aims to focus on high impact lending to the private sector while maintaining sustainable financial growth. Overall, the lending will avail important longer term resources to SMEs and corporate companies in Rwanda especially in the areas focused on Energy, Agribusiness and Manufacturing. This targeted lending shall therefore enable BRD to contribute to poverty alleviation and sustainable economic transformation in Rwanda.