Tuesday, March 11, 2008

Rwanda: Housing - BCR Launches Mortgage Financing

By Kabona Esiara of The New Times (Kigali)

"Rwanda Commercial Bank (BCR) has launched mortgage financing, paving the way for many Rwandans to generate individual wealth and own homes.

The funding comes at a time a World Bank study has discovered that Rwanda is short of houses by 25,000 units annually.

The study also discovered that only 20 per cent of the housing units in the country are planned, meaning 80 per cent of the structures are illegal."


Category: Rwanda + Housing + Banking

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