I&M Bank (Rwanda) Plc expanded its Ryoshya Iwawe campaign on Friday, January 17, by partnering with Smart Retails – Danube Home, providing customers with the chance to furnish their homes with stylish, high-quality furniture. This partnership builds on the bank’s previous collaboration with Hotpoint, which focused on financing home appliances such as refrigerators, TVs, speakers, coffee makers, and more. ALSO READ: I&M Bank Rwanda launches ‘Karame’ campaign with 24-hour retail loan response Through the Ryoshya Iwawe campaign, customers can access loans of up to Rwf5 million with a six-month interest-free repayment option, on a 24-hour response time. Yves Kayihura, Head of Retail Banking at I&M Bank, emphasised that the partnership with Danube Home aims to help customers acquire essential home items at an affordable cost. “Through this product, we are offering Rwf5 million at 0% interest, and we’re open to reviewing this amount in the future to better meet our clients’ needs. This is just one of the many benefits of banking with I&M Bank,” Kayihura said. ALSO READ: I&M Bank equips developers, homeowners with tailored financial products He added, “The product is available to all our current customers, as well as those who wish to join I&M Bank. Additionally, we offer a wide range of other products for building, buying, and enhancing homes.” Danube Home by Smart Retails is a leading provider of home furnishings and interior solutions in Rwanda. Established in 2019, Danube Home offers a wide range of high-quality furniture, décor, and lifestyle essentials, combining style and functionality to meet the diverse needs of every household. Joel Ngoga, the Operations Manager at Smart Retails, noted the importance of the partnership. “This collaboration brings us great satisfaction as we’ve been gathering feedback from our clients for some time. Many of them have expressed the need for financing options to access our products more conveniently. This partnership will help us reach even more customers,” Ngoga said. ALSO READ: Danube Home enters Rwandan market He emphasised three key benefits the partnership offers: “First, it provides accessibility by offering a budget-friendly financing option for our clients. Second, it allows flexibility with payments, enabling customers to pay over six months while already using the product. And third, there are no hidden costs, making it even more appealing.” Ngoga explained that their staff is available to assist customers throughout the process. Customers simply visit the store, select their desired appliance, and fill out a loan application form. The form is then submitted to the nearest I&M Bank branch. Loan approval is typically granted within 24 hours, allowing customers to quickly collect their desired items.
