BANQUE POPULAIRE DU RWANDA LIMITED
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Banque Populaire du Rwanda (BPR) is Rwanda’s second largest bank by assets. It is part of the Atlas Mara Group, a financial services institution listed on the London Stock Exchange and with a presence in seven sub-Saharan countries. BPR has set ambitious objectives to further support SMEs and corporates in Rwanda. It intends on building on its extensive network of branches throughout the country to reach out to urban and rural businesses alike. In particular, BPR is committed to supporting SMEs via traditional banking products and also Fintech and digital banking, to improve the competitiveness of existing and new businesses.
What is our funding objective?
FMO provides BPR with a USD 15 million loan as part of a USD 30 million credit facility arranged by Proparco, the French development finance institution. With the proceeds of the facility, BPR will finance privately-owned SMEs and corporates in Rwanda.
Why do we fund this investment?
The facility is in line with Proparco’s and FMO’s mission to serve sustainable development through their support to the private sector, accounting for 9 out of 10 job creations in developing countries.
- Website customer/investment
- http://www.bpr.rw
- Region
- Africa
- Country
- Rwanda
- Sector
- Financial Institutions
- Effective date
- 10/16/2017
- End date
- 8/31/2020
- Total FMO financing
- USD 15.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B