| Financier | Commitments |
|---|---|
| IDA Credit | 150.00 |
Rwanda Housing Finance Project
Abstract*
The development objective of the Housing Finance Project for Rwanda is to expand access to housing finance to households and to support capital market development in Rwanda. It has two project components. First component, Provision of Long-term Finance to Expand Housing Finance includes a Line of Credit (LoC) to support the provision of housing loans by Rwandan financial institutions; and Second component, Technical Assistance and Implementation Support... Show More
Development Objective
To expand access to housing finance to households and to support capital market development in Rwanda.
Key Details
Project Details
P165649
Active
Brice Gakombe , Leyla Castillo
Government of Rwanda
Rwanda
April 5, 2018
(as of board presentation)
November 29, 2018
April 10, 2019
US$ 150.00 million
Development Bank of Rwanda
2019
US$ 150.00 million
F
Not Applicable
October 31, 2025
No
BANK APPROVED
March 12, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 150.00 |
| IBRD + IDA Commitment | 150.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 150.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Mar 2, 2023 | IDA-63430 | Loan Disb | 2,121,463.50 |
| Mar 6, 2023 | IDA-63430 | Loan Disb | 39,296,292.00 |
| Oct 15, 2022 | IDA-63430 | Int Charges | 115,009.59 |
| Oct 15, 2022 | IDA-63430 | Int Charges | 55,406.42 |
| Oct 15, 2022 | IDA-63430 | Int Charges | 30,639.44 |
| Oct 15, 2022 | IDA-63430 | Loan Disb | -28,824,580.00 |
| Oct 15, 2022 | IDA-63430 | Loan Disb | 28,824,580.00 |
| Oct 15, 2022 | IDA-63430 | Int Charges | 66,681.58 |
| Apr 15, 2022 | IDA-63430 | Int Charges | 145,823.05 |
| Apr 15, 2022 | IDA-63430 | Int Charges | 26,846.37 |
| Apr 15, 2022 | IDA-63430 | Int Charges | 58,426.62 |
| Oct 15, 2021 | IDA-63430 | Int Charges | 1,694.34 |
| May 31, 2022 | IDA-63430 | Loan Disb | 4,431,093.00 |
| Jun 2, 2022 | IDA-63430 | Loan Disb | 13,148,666.00 |
| Apr 15, 2021 | IDA-63430 | Int Charges | 31,344.56 |
| Apr 15, 2021 | IDA-63430 | Int Charges | 177,839.14 |
| Apr 15, 2021 | IDA-63430 | Int Charges | 10,795.07 |
| Oct 15, 2021 | IDA-63430 | Int Charges | 3,596.71 |
| Oct 15, 2021 | IDA-63430 | Int Charges | 157,510.19 |
| Oct 15, 2021 | IDA-63430 | Int Charges | 28,998.00 |
| Oct 15, 2021 | IDA-63430 | Int Charges | 63,109.29 |
| Apr 17, 2020 | IDA-63430 | Int Charges | 166,621.90 |
| Apr 17, 2020 | IDA-63430 | Int Charges | 32,992.56 |
| Oct 15, 2020 | IDA-63430 | Int Charges | 179,973.98 |
| Oct 15, 2020 | IDA-63430 | Int Charges | 42,893.75 |
| Jan 20, 2021 | IDA-63430 | Loan Disb | 6,010,901.00 |
| Mar 24, 2021 | IDA-63430 | Loan Disb | 11,452,455.00 |
| Apr 15, 2021 | IDA-63430 | Loan Disb | -17,523,790.00 |
| Apr 15, 2021 | IDA-63430 | Loan Disb | 17,523,790.00 |
| Jun 27, 2019 | IDA-63430 | Loan Disb | 7,657,946.50 |
| May 15, 2019 | IDA-63430 | Fee Charges | 362,750.40 |
| Oct 15, 2019 | IDA-63430 | Int Charges | 62,582.96 |
| Oct 15, 2019 | IDA-63430 | Int Charges | 173,362.48 |
| Oct 15, 2019 | IDA-63430 | Int Charges | 23,105.87 |
| Oct 15, 2019 | IDA-63430 | Loan Disb | -7,413,651.00 |
| Oct 15, 2019 | IDA-63430 | Loan Disb | 7,413,651.00 |
| Nov 29, 2018 | IDA-63430 | Loan Commitment | 150,000,000.00 |
| Apr 16, 2024 | IDA-63430 | Int Charges | 37,495.63 |
| Apr 16, 2024 | IDA-63430 | Int Charges | 333,554.20 |
| Apr 16, 2024 | IDA-63430 | Int Charges | 195,209.48 |
| Apr 16, 2024 | IDA-63430 | Int Charges | 424,840.75 |
| Apr 16, 2024 | IDA-63430 | Int Charges | 858,854.75 |
| Apr 16, 2024 | IDA-63430 | Int Charges | 1,129,195.20 |
| Apr 15, 2024 | IDA-63430 | Loan Disb | -19,501,228.00 |
| Apr 15, 2024 | IDA-63430 | Loan Disb | 19,501,228.00 |
| Oct 18, 2023 | IDA-63430 | Int Charges | 171,172.70 |
| Oct 18, 2023 | IDA-63430 | Int Charges | 372,528.78 |
| Oct 18, 2023 | IDA-63430 | Int Charges | 753,101.20 |
| Oct 18, 2023 | IDA-63430 | Int Charges | 990,153.75 |
| Oct 15, 2023 | IDA-63430 | Int Charges | 11,275.58 |
| Oct 18, 2023 | IDA-63430 | Int Charges | 138,297.81 |
| Oct 18, 2023 | IDA-63430 | Int Charges | 52,507.97 |
| Dec 22, 2023 | IDA-63430 | Loan Disb | 18,271,168.00 |
| Dec 22, 2023 | IDA-63430 | Loan Disb | 1,905,292.80 |
| Apr 15, 2023 | IDA-63430 | Loan Disb | -43,049,940.00 |
| Apr 15, 2023 | IDA-63430 | Loan Disb | 43,049,940.00 |
| Apr 15, 2023 | IDA-63430 | Int Charges | 6,812.81 |
| Apr 15, 2023 | IDA-63430 | Int Charges | 96,516.94 |
| Apr 15, 2023 | IDA-63430 | Int Charges | 122,656.61 |
| Apr 15, 2023 | IDA-63430 | Int Charges | 266,941.56 |
| Apr 15, 2023 | IDA-63430 | Int Charges | 539,647.00 |
| Apr 15, 2023 | IDA-63430 | Int Charges | 2,494.53 |
| Sep 20, 2022 | IDA-63430 | Loan Disb | 13,181,496.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Moderately Satisfactory | 2025-01-08 |
| Project Management | Satisfactory | 2025-01-08 |
| Progress towards achievement of PDO | Satisfactory | 2025-01-08 |
| Financial Management | Satisfactory | 2025-01-08 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2025-01-08 |
| Monitoring and Evaluation | Satisfactory | 2025-01-08 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of housing loans financed by this project Value 0.00 4517.00 6000.00 Date December 31, 2017 October 31, 2023 October 31, 2025 Comment Number of housing loans financed by financial institutions Value 0.00 49.00 30.00 Date December 29, 2017 October 31, 2023 October 31, 2025 Comment Number of bonds issued by BRD Value 0.00 0.00 1.00 Date December 29, 2017 October 31, 2023 October 31, 2025 Comment Volume of bonds issued by BRD Value 0.00 0.00 10000000.00 Date December 31, 2018 October 31, 2023 October 31, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of Participating Financial Institutions (LoC) Value 0.00 9.00 5.00 Date December 29, 2017 October 31, 2023 October 31, 2025 Comment Number of entities receiving technical assistance Value 0.00 11.00 8.00 Date December 29, 2017 October 31, 2023 October 31, 2025 Comment Number of new affordable residential housing units receiving GoR Infrastructure Support Value 0.00 574.00 1800.00 Date September 30, 2020 October 31, 2023 October 31, 2025 Comment Average maturity of housing loans financed by the project Value 0.00 15.00 10.00 Date December 31, 2018 October 31, 2023 October 31, 2025 Comment Project beneficiaries satisfied with access to housing finance Value 0.00 83.50 80.00 Date December 31, 2018 October 31, 2023 October 31, 2025 Comment