allAfrica.com: Rwanda: Housing - BCR Launches Mortgage Financing (Page 1 of 1)


allAfrica.com: Rwanda: Housing - BCR Launches Mortgage Financing: "David Kuwana"

Kabona EsiaraKigali
Rwanda Commercial Bank (BCR) has launched mortgage financing, paving the way for many Rwandans to generate individual wealth and own homes.
The funding comes at a time a World Bank study has discovered that Rwanda is short of houses by 25,000 units annually.
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The study also discovered that only 20 per cent of the housing units in the country are planned, meaning 80 per cent of the structures are illegal.
The product: "Own your home mortgage finance" is the first of its kind in the country and is targeting all income groups, including; the low, middle and big income earners.
David Kuwana, BCR managing director said investing in modern housing is helping government in its development campaign.

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