IFC tips entrepreneurs on leasing

At least 230 entrepreneurs in the country have benefited from the International Finance Corporation’s [IFC] training workshop on leasing.

At least 230 entrepreneurs in the country have benefited from the International Finance Corporation’s [IFC] training workshop on leasing.

The campaign is to interest Rwandans to go in for leasing deals to capitalise their businesses.  Through leasing, a business is allowed to use an asset owned by the leasing company (lessor) in exchange for specified period payments without necessary assuming ownership of the asset.

And currently, Rwanda Commercial Banks, Fina Bank and the Rwanda Development Bank are offering the leasing product.

With support of the Private Sector Federation [PSF], through Business Development Centers [BDS] entrepreneurs in Rusizi, Huye, Rwamagana, Karongi, Nyagatare, Musanze, Gicumbi, and Rubavu have been trained.

According to Brian Kirungi of IFC Rwanda Competitiveness and Enterprise Development Project (CEDP), “IFC aims at supporting small and medium enterprises in the country through advisory programmes that promote leasing, build entrepreneurial skills, improve the business climate, and increase access to finance.”

IFC fosters sustainable economic growth in developing countries by financing private sector investment, mobilising capital in the international financial markets, and providing advisory services to businesses and government.

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