The bank loan acquired during the construction of Dove Hotel belonging to ADEPR is among heavy burdens the church is dealing with.
The loan is equivalent to Rwf3 billion as the church’s Executive Secretary, Herman Budigiri disclosed during a press briefing on Friday 29th April 2022.
He explained that the church initially paid the interest rate that the outstanding balance currently stands at Rwf2 billion.
Despite the fact the hotel is operational, the management says that the debt is huge enough and cannot be paid in a short time span.
Budigiri has said that the church has had more debts including more than Rwf600 million in land tax arrears paid gradually where the unsettled amount is Rwf58 million.
Other debts include delayed payments of other bank loans due to effects of COVID-19 which left churches closed for quite some time.
“We are delighted for having negotiated with banks last year to agree on how the payments will be cleared. We are currently paying well even though the effects of COVID-19 have affected the church’s resources,” he said.
Pastor Isaïe Ndayizeye heading ADEPR, has said that the church is making possible efforts to avoid debts and put much emphasis on clearing the outstanding.
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