This decision follows the government's official announcement about integrating BDF into BRD, a strategic move aimed at enhancing service delivery, improving efficiency, and increasing access to finance for businesses across Rwanda.
The integration of BDF into BRD is expected to yield several benefits for Rwandan businesses. Entrepreneurs seeking loans through partner banks and microfinance institutions will experience faster turnaround times, with reduced delays in accessing credit guarantees. Additionally, the merger will provide a wider range of financing options tailored to the needs of startups, growing businesses, and large-scale investment projects.
From the end of the year, all former BDF clients will be served directly by BRD. These services will be available through BRD's digital service platform at online.brd.rw.
By consolidating BDF services under one roof, BRD aims to streamline processes, improve coordination, and provide clearer, faster, and more efficient services to clients across the country. With improved accessibility through both digital channels and local presence, more entrepreneurs, especially those in rural areas, will benefit from development finance.
BDF has supported over 40,000 businesses through credit guarantees and other financing products, while BRD has played a pivotal role in funding national development priorities, including agriculture, manufacturing, infrastructure, and affordable housing.
The integration combines BDF's grassroots reach and specialized support for Micro, Small, and Medium Enterprises (MSMEs) with BRD's financial strength, sectoral expertise, and large-scale lending capacity.
As part of the government's broader vision, this restructuring will allow BRD to become a more agile and impactful development finance institution, helping unlock the private sector's potential as a key driver of economic transformation.
The newly restructured BRD will continue to offer all current BDF products, facilities, and support systems, now managed under BRD's umbrella.
IGIHE
Source : https://en.igihe.com/news/article/brd-to-take-over-all-bdf-services-by-31st-december
