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Unguka Bank eyes commercial bank status

The central bank upgraded Unguka to a microfinance bank status last month after it surpassed the required Rwf1.5 billion minimum investment capital to set up a microfinance bank.

After becoming a microfinance bank, Unguka is now in a position to deploy a wider range of product offerings. This will allow the bank to expand to rural areas which is a major milestone in the bank’s strategy.