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.
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.
GA_googleFillSlot("AllAfrica_Story_Inset");
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.
