Rwanda
Loan description:
Evangelical Free Church of Rwanda was established on 30/12/1991. It is a protestant church which has more than 3000 Christians. It has many side projects which help not only the Christians but also the local community like schools (Nursery and Primary) and in the future they want to build secondary school and a hospital for local communities who live far away of the hospital. In order to do so, they need to search for money. One way they thought about is using the unused space which is in the church premises by building rooms to rent for businesses. They are applying for a loan in order to build those rooms to rent. They are confident that they will be able to repay through the offerings and the rent because they have a lot of demand from the people nearby as the place has a good positioning near the main street. The Reverend Pastor (who is pictured with the some employees who are building) is supervisor of the work. Once they get the money, they will employ 25 more employees to speed up this work.
Loan added: 15 February 2016
Evangelical Free Church of Rwanda Group's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £465.60 | ||
| £129.33 | ||
| £129.33 | ||
| £129.33 | ||
| £129.33 | ||
| £129.33 | ||
| £129.33 |
The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.
