BPR Plc introduces Financial system to support customers facing Coronavirus effects

On 29 April 2020 at 02:30

Banque Populaire du Rwanda (BPR Plc), recalled its customers who paid their April salaries to help those affected by Coronavirus, providing them with a special type of loan equalling to the monthly salary and other benefits (lump sum) for those who usually receive and borrowers to make it easier for them not to pay this month.

As the world continues to face the Coronavirus epidemic, Rwanda has taken steps to prevent its spread, where many activities have been suspended, residents are being urged to stay home, travel between regions and borders is closed.

As a result, senior government officials have agreed to dedicate April’s salaries to Rwandans to help them with their work affected by the COVID-19 epidemic.

To help customers who will not get paid including executives and other employees who have volunteered, BPR Plc, has set up a type of loan [personal Loan] where customers who sacrificed their salaries are allowed to borrow the same amount of money equal to his salary plus an additional amount [Lump sum] if they are paid employees.

The BPR management also explains that this loan is to keep in check people who will not be paid because they sacrificed their salary for them to fulfill their family responsibilities.

BPR also states that those who sacrificed their salaries and will not be able to repay the loans they were already paying, will be given one month without paying because it is known that they will not be paid.

This personal loan is repayable for up to 12 months depending on the will of the customer. BPR explains that this new loan the customer is given to repay it at the same rate as he or she was already repaying the loan he had. Those who do not have a loan are given a normal bank interest.

Requirements for those who sacrificed their April salary and need a loan are to write to BPR Plc at [email protected] stating the names and requirements of the applicant. For those who are working in companies that have a problem in paying them these days, they are asking for months to postpone the repayment of the loan.

The employer can also write to BPR Plc, requesting that it help its employees who will not be able to repay the loan because it will not pay them. They should apply via email [email protected] requesting permission to not repay the loan within three months. For those who need more information call 1,500 for free.