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Unguka Bank
Unguka Bank Plc (UB), commonly known as Unguka Bank, is a microfinance bank in Rwanda. It is one of the banks licensed by the National Bank of Rwanda, the country's banking regulator. Overview , UBL was a small but growing financial service provider, whose total asset valuation and shareholders' equity were publicly unknown at this time. At that time, the bank had 556 shareholders and 14 branches. History The institution was founded in 2005, as Unguka Microfinance Limited, by 215 investors with total capital of about US$538,400 ( RWF:321.1 million). In 2008, the bank's processes were automated. In 2012, the institution transformed into a microfinance bank, following the issuance of a microfinance banking licence by the National Bank of Rwanda. The bank rebranded as Unguka Bank Limited. Ownership The stock of Uguka Bank is privately owned by corporate and individual investors. At this time, the detailed shareholding in the bank is not publicly known. 35% shareholding is owned b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kigali
Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali has been Rwanda's economic, cultural, and transport hub since it became the capital following independence from Belgian rule in 1962. In an area controlled by the Kingdom of Rwanda from the 17th century and then German East Africa, by the German Empire, the city was founded in 1907 when Richard Kandt, List of colonial residents of Rwanda, the colonial resident, chose the site for his headquarters, citing its central location, views and security. Foreign merchants began to trade in the city during the German era, and Kandt opened some government-run schools for Tutsi Rwandan students. Belgium East African campaign (World War I), took control of Rwanda and Burundi during World War I, forming the mandate of Ruanda-Urundi. Kigali remained the seat of colo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the delive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005 Establishments In Rwanda
5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. It has attained significance throughout history in part because typical humans have five digits on each hand. In mathematics 5 is the third smallest prime number, and the second super-prime. It is the first safe prime, the first good prime, the first balanced prime, and the first of three known Wilson primes. Five is the second Fermat prime and the third Mersenne prime exponent, as well as the third Catalan number, and the third Sophie Germain prime. Notably, 5 is equal to the sum of the ''only'' consecutive primes, 2 + 3, and is the only number that is part of more than one pair of twin primes, ( 3, 5) and (5, 7). It is also a sexy prime with the fifth prime number and first prime repunit, 11. Five is the third factorial prime, an alternating factorial, and an Eisenstein prime with no imaginary part and real part of the form 3p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2005
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Rwanda
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Rwanda
The economy of Rwanda has undergone rapid industrialisation due to a successful governmental policy. It has a mixed economy. Since the early-2000s, Rwanda has witnessed an economic boom, which improved the living standards of many Rwandans. The Government's progressive visions have been the catalyst for the fast transforming economy. The President of Rwanda, Paul Kagame, has noted his ambition to make Rwanda the "Singapore of Africa". History Before the civil war and genocide In the 1960s and 1970s, Rwanda's prudent financial policies, coupled with generous external aid and relatively favorable terms of trade, resulted in sustained growth in per capita income and low inflation rates. However, when world coffee prices fell sharply in the 1980s, growth became erratic. Compared to an annual GDP growth rate of 6.5% from 1973 to 1980, growth slowed to an average of 2.9% a year from 1980 through 1985 and was stagnant from 1986 to 1990. The crisis peaked in 1990 when the first meas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Rwanda
This is a list of banks in Rwanda ; Commercial banks # Guaranty Trust Bank (Rwanda) plc - commonly referred to as GTBank Rwanda #Bank of Kigali # I&M Bank (Rwanda) - Formerly Commercial Bank of Rwanda (BCR) # Compagnie Générale de Banque (Cogebanque) # Equity Bank Rwanda Limited # Ecobank Rwanda # BPR Bank Rwanda Plc (a subsidiary of KCB Group). # Access Bank Rwanda # NCBA Bank Rwanda #Urwego Bank ; Microfinance banks #AB Bank Rwanda #Unguka Bank ; Development banks # Development Bank of Rwanda (BRD) - Owns 100% of Housing Bank of Rwanda (Banque de l'Habitat du Rwanda) (BHR) ; Cooperative banks # Zigama CSS. # Co-operative Bank Rwanda (In development) See also * List of banks in Africa * National Bank of Rwanda * Economy of Rwanda References External links Website of National Bank of Rwanda {{Africa topic, List of banks in Banks Rwanda Rwanda Rwanda (; rw, u Rwanda ), officially the Republic of Rwanda, is a landlocked country in the Great Rift Valle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rural Impulse Fund II
In general, a rural area or a countryside is a geographic area that is located outside towns and cities. Typical rural areas have a low population density and small settlements. Agricultural areas and areas with forestry typically are described as rural. Different countries have varying definitions of ''rural'' for statistical and administrative purposes. In rural areas, because of their unique economic and social dynamics, and relationship to land-based industry such as agriculture, forestry and resource extraction, the economics are very different from cities and can be subject to boom and bust cycles and vulnerability to extreme weather or natural disasters, such as droughts. These dynamics alongside larger economic forces encouraging to urbanization have led to significant demographic declines, called rural flight, where economic incentives encourage younger populations to go to cities for education and access to jobs, leaving older, less educated and less wealthy populati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Rwanda
The National Bank of Rwanda ( rw, Banki Nkuru Y'u Rwanda, french: Banque Nationale du Rwanda) is the central bank of Rwanda. The bank was founded in 1964. The current governor of the bank is John Rwangombwa. Location It is quartered at the National Bank of Rwanda Building, on KN6 Avenue in the central business district of Kigali, the capital and largest city in Rwanda. The coordinates of the bank's headquarters are 01°56'56.0"S, 30°03'49.0"E (Latitude:-1.948889; Longitude:30.063611). Overview The Bank is active in promoting financial inclusion policy and is a leading member of thAlliance for Financial Inclusion It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration during the 2011 Global Policy Forum held in Mexico. Governors Governors of the National Bank of Rwanda * Johan A. Brandon: 1964-1965 * Masaya Hattori: 1965-1971 * Jean Berchmans Birara: 1971-1985 * Augustin Ruzindan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rwandan Franc
The Rwandan franc (sign: FRw,National Bank of Rwanda.Currency characteristics" Accessed 2017-02-20. and possibly RF or R₣; ISO 4217: RWF) is the currency of Rwanda. It is subdivided into 100 centimes.National Bank of Rwanda.Legal tender." Accessed 2011-02-25. History The franc became the currency of Rwanda in 1916, when Belgium occupied the previously German colony and the Belgian Congo franc replaced the German East African rupie. Rwanda used the currency of the Belgian Congo until 1960, when the Rwanda and Burundi franc was introduced. Rwanda began issuing its own francs in 1964, two years after gaining independence. A proposal exists to introduce a common currency, a new East African shilling, for the five member states of the East African Community. Whilst originally scheduled to occur by the end of 2012, as of December 2020, a common currency has still yet to be introduced. Coins In 1964, coins were introduced for 1, 5 and 10 francs, with the 1 and 10 francs in cupronic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rwanda
Rwanda (; rw, u Rwanda ), officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of Central Africa, where the African Great Lakes region and Southeast Africa converge. Located a few degrees south of the Equator, Rwanda is bordered by Uganda, Tanzania, Burundi, and the Democratic Republic of the Congo. It is highly elevated, giving it the soubriquet "land of a thousand hills", with its geography dominated by mountains in the west and savanna to the southeast, with numerous lakes throughout the country. The climate is temperate to subtropical, with two rainy seasons and two dry seasons each year. Rwanda has a population of over 12.6 million living on of land, and is the most densely populated mainland African country; among countries larger than 10,000 km2, it is the fifth most densely populated country in the world. One million people live in the Capital city, capital and largest city Kigali. Hunter-gatherers settled the territory in the St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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