Our Loan Products
RUFI provides inclusive and market-led loan products designed to support entrepreneurs, farmers, small businesses, refugees, and host communities across Uganda and South Sudan.
Group Loans are RUFI’s main product which has reached many clients. These are loans provided to low income entrepreneurs especially women who lack collaterals to secure a conventional loan.
A minimum of 3 members is allowed per group who can take a loan maturing between 3-8 months with weekly or bi-weekly repayments. They should be willing to co-guarantee each other.
These loans are provided to entrepreneurs whose capital
requirements cannot benefit from the Group Loan or have graduated from the group loan product. All individual loans must be secured by a combination of documented collateral. The loan period ranges from 3-12 months with bi-weekly or monthly repayments.
The borrower and enterprise should meet the following major conditions:
1. Applicant should be residing and operating within RUFI’s operation areas. If a corporation, it should have a valid registration certificate.
2. The business should have operated for at least one-year full time and have valid operating license.
3. Should provide a personal guarantor to secure the loan.
Individual loans are RUFI’s major product in volume of
transactions as well as earning.
These loans are provided to commercially oriented farmers dealing in annual crops. The methodology is both group and individual. Borrowers are given grace periods and loans mature within 12 months.
Members or individuals should show evidence of having farmed the previous year and should meet the following conditions.
1. Should have experience in farming, have at least two
Feddans or Acres to farm and some knowledge of the
crops being farmed.
2. For groups, they should all be operating within the same area and willing to co-guarantee each other.
3. For individuals they should provide collateral to secure the loan.
4. Members and Individuals should be residing in the same community in which they farm.
RUFI is the major MFI in South Sudan that is providing financing to farmers. RUFI is also providing the same product to refugees who have secured farmland from the host communities for commercial farming.
This product is specifically for mature Village Savings and Loan Association (VSLA) Groups with good savings and loan performance but have a greater need for loan capital more than their internal savings can support.
Loans are given to VSLAs as an entity other than individual members. The entity then can on-lend to members and also recover from them. The loan period ranges from 3-10 months as it follows the shared out period.
This is one of the product with the biggest clients especially the women and refugees who are able to access finance for consumptions, meet emergency and some have started their businesses as well increased capital through this loan product.
This is an in-kind loan facility where clients procure solar products and energy savings stoves from RUFI and then pay in installments.
Under this product, RUFI sources for genuine green energy products from reputable vendors which products are then issued in terms of loans to the clients. For clients who have an outstanding loan but have effectively serviced 3 loans previously, they can be allowed to take a Green Energy Loan as a second loan while the parent loan is still outstanding.
Loan period ranges between 3 – 10 Months with repayment modes varying between bi-weekly and monthly. Unlike other loan products, there is no need for additional security as the item procured acts as the security for the loan.
These are loans provided to Small and Medium Enterprises (SMES) that employ not less than 5 staffs. The SME should have operated for at least 2 years and have valid operating license.
A combination of marketable collateral should secure the loan, which can mature between 8-24 months with repayment modes ranging from Monthly, Bi-Monthly and Quarterly.
The SME and applicant should meet the below addition conditions.
- Individuals and entities should provide proper
documentation and identification. - Should provide guarantors to secure the loan
- Provide bank statements for the past 6 months
- Should provide landed property as the major security.
This product has greatly benefitted schools and other entities that need bigger loans and flexible repayment modes to fit their cash flow.
As a leading provider of inclusive cross-border financial services, RUFI is dedicated to supporting both refugees and host communities engaged in business across the borders of South Sudan and Uganda.
Recognizing the unique challenges faced by these communities, we offer tailored financial products and services to foster economic stability and growth.
