WHICH INSTITUTIONS CAN APPLY FOR THE RDF FUND?
Universal Banks, Rural and Community Banks, Savings &Loans, and Microfinance Institutions.
WHAT IS THE ELIGIBILITY CRITERIA FOR AN INSTITUTION TO QUALIFY FOR RDF GHANA’S FUND?
Please see pre-qualification criteria.
DOES RDF TAKE COLLATERAL?
It is on a case by case basis and taking of collateral largely depends on our overall assessment of the institution.
HOW MUCH CAN A FINANCIAL INSTITUTION ACCESS AT A TIME?
Financial Institutions (FIs) can assess a maximum of GHS 5million dependent on their capital base, and following assessment by RDF.
ON WHAT BASIS CAN A FACILITY BE DECLINED?
A facility could be declined based on several reasons. But generally, this would be after our assessment for the financial institutions in meeting our requirements and standards of evidence or potential risk element, the authenticity of documents submitted, and the credibility of the Financial Institution could all contribute to a decline.
WHAT DOCUMENTS ARE REQUIRED BEFORE A FINANCIAL INSTITUTION CAN ACCESS YOUR FUND?
Refer to the list of the basic requirements attached to the main Application Form.
IS THERE AN APPLICATION DEADLINE?
Yes. RDF Ghana calls for applications at a particular period and completed applications are expected to be submitted within a set time span. RDF calls for applications four (4) times in a year.
CAN A FINANCIAL INSTITUTION SUBMIT MORE THAN ONE APPLICATION AT A TIME?
Yes. For different Products and at the discretion of RDF. However, RDF’s total exposure to a single institution or related institutions shall not exceed GHS5,000,000.00
WHAT IS RDF GHANA’S INTEREST RATE?
Our model is based on an inflation base plus / minus a premium, depending on the risk assessment of the institution.
WHAT FEES ARE PAYABLE ON A LOAN FACILITY?
0.50% on the approved amount.
AS A FINANCIAL INSTITUTION ASSESSING RDF LINES OF CREDIT FOR ON-LENDING TO MSMES WITHIN AGRIBUSINESS / RENEWABLE ENERGY, WILL RDF DETERMINE WHAT RATE FINANCIAL INSTITUTIONS GIVE TO THEIR CLIENTS?
There will be a cap on interest rates at which financial institutions can lend to their clients.
ARE LOANS DISBURSED IN TRANCHES?
Loans are disbursed once at a time.
DOES RDF OFFER MORATORIUMS FOR LOAN REPAYMENTS?
RDF structures its facilities in line with the use of funds and timing of the customer’s expected cash flows. RDF may therefore apply moratoriums on a case by case basis.
ARE THERE ANY PENALTIES FOR DELAY IN REPAYMENT OF FACILITY?
Yes.
CAN A FACILITY BE PAID OFF BEFORE THE MATURITY DATE?
Yes. Prepayments are allowed and can be discussed.
CAN A FINANCIAL INSTITUTION ACCESS A TOP UP?
Yes, that can be discussed.
CAN A FINANCIAL INSTITUTION OFFLOAD THE TOTAL LOAN AMOUNT ACCESSED TO ONE CLIENT WHO MEETS THE CRITERIA?
No.
WHAT IS GREEN GROWTH?
Green growth means fostering economic growth and development whiles ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies.
Green Growth is in line with sustainable development where it aims to encourage businesses to pursue their business in a sustainable way without harming its natural habitat.
WHAT IS THE CONNECTION BETWEEN RDF GHANA AND SPSD III FUND GHANA?
All Danida sponsored projects are under SPSD III. Our sister entity focuses on building relevant skills of institutions and business advocacy, and where necessary we can make a recommendation.
HOW CAN I CONTACT RDF GHANA WITH OTHER INFORMATION?
We prefer that you send us a mail via info@rdfghana.com. Alternatively, you can reach us on telephone number 0302 791 635.
HOW DO INSTITUTIONS APPLY TO RDF GHANA?
Click on the Apply tab on the top Menu and click on Download Application Forms.
WHAT IS RDF GHANA’S DEFINITION OF MSMES?
Micro: Enterprises are companies with up to 5 employees and a total asset up to Ghs 50,000.00;
Small: Enterprises are companies with 5-50 number of employees with a total asset up to Ghs 250,000.00;
Medium: Enterprise must be registered entities with over 50 employees and a total asset above Ghs 250,000.00.
WHO QUALIFIES FOR TECHNICAL ASSISTANCE?
Partners / potential partner financial institutions of RDF Ghana and target clients of partner financial institutions.