Moise M. Bahati<\/b><\/p>\n
Africa-Press – Rwanda. <\/strong><\/span>I&M Bank Rwanda Plc has launched a new campaign called \u201cIyubake na I&M Bank,\u201d which will enable micro, small and medium enterprises (MSMEs) to access financing by using residential and rental properties.<\/p>\n Under I&M\u2019s \u201cIyubake\u201d campaign, businesses or business owners no longer have to struggle to raise capital for expansion and growth. The loan package facilitates them to leverage on the value of their property to qualify for a loan of up to 70 per cent of the value of a residential or commercial house\u2019s value, and 53 times of their rental income.<\/p>\n \u201cIyubake is transformative for MSMEs in Rwanda that were already stretched with limited solutions of access to capital\/finance to grow businesses. It is an inclusive, convenient, fast, and flexible solution that is a step ahead of what the local market is currently offering,\u201d Olivier Gakuba, Director of Business Development at I&M, said.<\/p>\n \u201cWe are enabling business owners to leverage on their residential houses or investment properties for people in the real estate sector. We rolled up our sleeves, embraced the challenge and now I say to entrepreneurs in Rwanda, \u2018The wait is no more.\u2019\u201d<\/p>\n Business owners have been encouraged to visit the nearest I&M branch and get suitable packages for their business.<\/p>\n Robin Bairstow, I&M\u2019s CEO, said that with initiatives like \u201cIyubake\u201d, which are aimed at revolutionising the MSME sector, the bank\u2019s promise to its customers, \u2018We Are on Your Side,\u2019 takes on true meaning.<\/p>\n \u201cWith MSMEs contributing up to 55 per cent of the GDP and 70 per cent of the local total employment, access to funds has remained a significant obstacle, with up to 30% of businesses unable to secure financing,\u201d Bairstow said.<\/p>\n \u201cIyubake is another novel way to address the challenge of finance. We are more than just a bank; we aspire to be a partner in our customers\u2019 journey towards success.\u201d<\/p>\n Incorporated in 1963, I&M Bank Rwanda is the oldest bank in the country and one of the leading players in the industry with a strong footprint across the country.<\/p>\n The bank offers the full range of personal, business, institutional and corporate banking products throughout its locations.<\/p>\n A subsidiary of I&M Group, a leading regional financial services group in Eastern Africa, I&M Bank Rwanda Plc has been listed on Rwanda Stock Exchange since March 2017.<\/p>\n For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Moise M. Bahati Africa-Press – Rwanda. I&M Bank Rwanda Plc has launched a new campaign called \u201cIyubake na I&M Bank,\u201d which will enable micro, small and medium enterprises (MSMEs) to access financing by using residential and rental properties. Under I&M\u2019s \u201cIyubake\u201d campaign, businesses or business owners no longer have to struggle to raise capital for […]<\/p>\n","protected":false},"author":84,"featured_media":46888,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,758],"class_list":["post-46890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\n