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Customer Information

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Open Account

A.For youth

=>Minimum balance is RWF100

=>Less initial money requested to open an account is RWF 1,100 including a passbook

=>No monthly charges

 

B.For adults

=>Minimum balance is RWF 1000

=>Less initial money requested to open an account is RWF 3500 including a passbook

=>No monthly charges

 

 

At Umutanguha the clients can be divided into a consumer and business group. Within these two categories special attention is given

to the youth: people ranging between 12 – 24 for saving accounts and 18 – 24 for credit accounts.

 

For Umutanguha the loan portfolio is for 82% business related, where the clients are grouped into three different business

categories: 42% agriculture (including livestock and fishing), 34% commerce (including handcraft, restaurant and hotels) and 6%

transport (including warehousing and communications).

 

The average client for Umutanguha is a man (55% of the clients) active in the agriculture and between the age of 22 and 35 with a

small piece of land where they produce crops and may own one or two cows.