General Assessment

    Variable(2017)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
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    Notes: planned/proposed for civil servants but not yet adopted
    Notes: $67 is average monthly salary for formal sector work
    Notes: 24-32
    Notes: 35.2 billion FRW outstanding loans; 4,947.53 million FRW non perfroming loans (UMURENGE SACCO only) For all MF products 17,080.69 Mio RWF NPL; 222.9 Mio Rwf outstanding
    Notes: adopted in 2017 but not yet implemented
    Notes: adopted yet not implemented (see subsidized funding sources for mortgage lenders)
    Notes: Base year
    Notes: BNR: Yield curve shape on 23rd March 2018
    Notes: BRD already stopped providing mortgages itself and instead will furnish smaller banks with funds for mortgages under conditions yet to be elaborated (as adopted with Affordable Housing Fund, but not yet operational).
    Notes: Commercial Bank of Africa was licensed as a microfinance bank in 2016
    Notes: Credit Replacement Indemnity
    Notes: Disclosure Initiative, following IASB
    Notes: Equity Bank, BK, UOB, EcoBank, I&M, Crane Bank, KCB, Cogebank, Access, BPR
    Notes: Extrapolation based on RNRA (Rwanda National Resources Authority)
    Notes: Figure calculated as of June 30, 2012
    Notes: Figure calculated as of June 30, 2013
    Notes: Figure calculated as of June 30,2013
    Notes: for selling
    Notes: Houses built with Wood/Mud
    Notes: Illegal transfers of converted agricultural land prevent this figure from being fully complete
    Notes: in the capital city
    Notes: Land lease fee
    Notes: Modal value
    Notes: Most are outside of Kigali and the main urban areas in general but located on former farm land; very rough estimate
    Notes: No national minimum wage, but some sectors, such as construction benefit from a minimum wage.
    Notes: Only few have not been registered through NLTRP (National Land Tenure Reform Program) due to unidentified owners or unresolved ownership disputes
    Notes: Percentage of vacant units is negligible. Some owners of property are not identified/found after the 1994 genocide
    Notes: planned through Affordable Housing Fund
    Notes: planned through Affordable Housing Fund
    Notes: planned/proposed for civil servants but not yet adopted
    Notes: Process usually ends in reorganization/liquidation
    Notes: Soon BRD will be subsidized as a source for mortgage lenders (Development bank of Rwanda)
    Notes: subsidies provided to civil servants through Affordable Housing Fund
    Notes: subsidized interest rate reduction planned through Affordable Housing Fund
    Notes: There is a wide range from 25,000 - 125,000
    Notes: urban: 49.2 m2 rural: 36.8 m2
    Notes: Wide range from 25,000 - 125,000