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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...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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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

  • F

  • Not Applicable

  • October 31, 2025

  • No

  • BANK APPROVED

  • March 12, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 150.00

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

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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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

Footnotes

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

INDICATORBASELINECURRENTTARGET
  • Number of housing loans financed by this projectValue0.004517.006000.00
    DateDecember 31, 2017October 31, 2023October 31, 2025
    Comment
  • Number of housing loans financed by financial institutionsValue0.0049.0030.00
    DateDecember 29, 2017October 31, 2023October 31, 2025
    Comment
  • Number of bonds issued by BRDValue0.000.001.00
    DateDecember 29, 2017October 31, 2023October 31, 2025
    Comment
  • Volume of bonds issued by BRDValue0.000.0010000000.00
    DateDecember 31, 2018October 31, 2023October 31, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of Participating Financial Institutions (LoC)Value0.009.005.00
    DateDecember 29, 2017October 31, 2023October 31, 2025
    Comment
  • Number of entities receiving technical assistanceValue0.0011.008.00
    DateDecember 29, 2017October 31, 2023October 31, 2025
    Comment
  • Number of new affordable residential housing units receiving GoR Infrastructure SupportValue0.00574.001800.00
    DateSeptember 30, 2020October 31, 2023October 31, 2025
    Comment
  • Average maturity of housing loans financed by the projectValue0.0015.0010.00
    DateDecember 31, 2018October 31, 2023October 31, 2025
    Comment
  • Project beneficiaries satisfied with access to housing financeValue0.0083.5080.00
    DateDecember 31, 2018October 31, 2023October 31, 2025
    Comment