Fina Bank encourages traders to acquire loans

RUBAVU - Fina Bank called upon the business community in Rubavu and Rutsiro districts to take advantage of the available liquidity in the bank and acquire credit to develop their businesses. The bank made the call, yesterday, in Rubavu District during a one day seminar to avail their new plans and consult with clients in regard to its products. “Many of the clients are still reluctant to acquire loans after the global financial crisis but we assure them of enough liquidity which they should take advantage of,” said Jean Philippe Manzi Gakuba, Rubavu Branch Manager. Gakuba also encouraged the bank’s clients to formulate business plans and bring them forward for advice and correction where necessary. “In the first half of last year, we did not give much credit but in the second half it improved while this year we are targeting giving out Rwf2 billion in loans to small and medium enterprises,” explained Gakuba. Fina’s interest rate stands at 17.5 percent per annum while its margin to the central bank is two percent and a client can not acquire more than 25 percent of the bank’s capital. Immaculate Mukamuhizi, a trader in Rubavu, commended the services offered by the bank but advises it to spread all over the country. Fina Bank gives out loans ranging from one month to five years. Ends