I&M Bank Rwanda to offer 80% financing for business property purchases in MIC
I&M Bank Rwanda and Muhima Investment Company (MIC) signed a partnership on Wednesday, June 5 to offer financing solutions for businesses and individuals buying properties in the MIC business complex.
The collaboration offers a financing option where the bank will cover up to 80 per cent of the purchase price, repayable over 10 years.
The Memorandum of Understanding (MOU) offers 240 premium properties in the business complex, making ownership more accessible to a wider range of businesses in the country.
Benjamin Mutimura, CEO of I&M Bank Rwanda, announced that the partnership aims to provide a good workspace in the MIC complex and streamline the process for individuals and businesses to obtain loans.
“By providing up to 80 per cent financing repayable over 10 years, we are making it easier for businesses to invest in their future without worrying about having the full purchase price at once.”
He highlighted that this opportunity is available not only to I&M Bank clients but also to those who wish to join.
Chairman of the Board of MIC, Fabrice Shema emphasised the support provided by I&M Bank through their financing solutions saying, “Small and mid-size enterprises (SMEs) looking to establish a presence in the city now have a place to work. Through our partnership with I&M Bank, they can access loans, helping businesses achieve their dreams and contribute to economic development.”
