Frequently asked questions.
Get quick answers to common questions about RDF Ghana's services and processes in our FAQ.
FAQs
Common Questions
Eligible institutions include financial intermediaries such as banks, rural banks, savings and loans companies, and other entities that meet RDF Ghana’s criteria for providing loans or credit guarantees to MSMEs in agriculture and renewable energy sectors.
A financial institution can access up to GHS 5,000,000 at a time, depending on RDF Ghana’s total exposure limit and the institution’s ability to meet the eligibility and financial requirements.
A facility may be declined if the applicant fails to meet RDF Ghana’s eligibility criteria, demonstrates poor financial performance, submits incomplete or unauthentic documents, or presents risks that compromise sustainability or operational standards.
To access RDF Ghana’s fund, financial institutions must provide the following documents:
Proof of Registration – Official registration documentation of the institution.
Business Plan/Proposal – Details of how the funds will be used.
Financial Statements – Recent balance sheets and income statements.
Risk Assessment – Information on the institution’s risk management.
Legal Compliance Documents – Necessary certifications or legal proofs.
These documents ensure the institution meets the criteria for funding and aligns with RDF Ghana’s objectives.
There is no specific deadline mentioned for applications to RDF Ghana’s fund. However, it’s important to check for any updates on application windows or cutoff dates on their official website or contact them directly for more details. RDF Ghana operates with an ongoing process, meaning institutions can apply as long as funding is available.
Yes, a financial institution can submit more than one application at a time to RDF Ghana, provided that each application meets the eligibility criteria and the necessary documentation is provided for each request. Institutions should ensure that all requirements are met for each application they submit.
The specific fees payable on a loan facility from RDF Ghana are not detailed in the information available so far. For an accurate and comprehensive breakdown of any fees associated with the loan facility, it would be advisable to contact RDF Ghana directly or check the specific terms and conditions of the loan application.
No, RDF Ghana does not determine the rate that financial institutions give to their clients. While RDF Ghana offers lines of credit to financial institutions for on-lending to MSMEs, especially within sectors like agribusiness and renewable energy, it does not set the interest rates for those loans. The financial institutions are responsible for determining the rates they offer to their clients.
Yes, loans can be disbursed in tranches, depending on the agreement and the financial institution’s assessment. The disbursement process may be structured in stages, with funds released based on the progress of the project or the requirements set by the financial institution and RDF Ghana. Each tranche is typically linked to specific milestones or criteria that must be met before the next portion of the loan is disbursed.
Yes, RDF Ghana does offer moratoriums for loan repayments. The specific terms and duration of the moratorium may vary depending on the project, the financial institution’s assessment, and the conditions agreed upon at the time of loan approval. This allows borrowers to delay repayments for a certain period, usually to help with cash flow during the early stages of a project. However, institutions should confirm the exact details of the moratorium period when applying for the RDF Ghana loan.
Yes, there are penalties for delayed repayment of RDF Ghana’s loan facilities. Financial institutions that fail to meet the agreed-upon repayment schedule may incur penalties, such as additional charges or interest on the overdue amount. These penalties are designed to encourage timely repayment and maintain the integrity of the loan system.
The specific penalties and terms for delayed repayment can be found in the loan agreement, and institutions are advised to ensure they understand these terms before accepting the loan.
Yes, a facility can be paid off before the maturity date. Financial institutions are allowed to settle the outstanding loan amount earlier than the agreed-upon date. However, there may be terms outlined in the loan agreement regarding early repayment, such as the possibility of prepayment penalties or specific conditions attached. It is important for institutions to review the loan terms to understand any potential fees or requirements related to early repayment.
Yes, a financial institution can access a top-up on an existing facility. The top-up is typically subject to review by RDF Ghana based on the institution’s performance and current loan repayment status. The conditions for a top-up may include the institution meeting specific financial criteria and submitting relevant documentation. It’s essential for the financial institution to contact RDF Ghana to inquire about the specific process and requirements for accessing a top-up.
Green growth refers to promoting economic growth while ensuring environmental sustainability. It focuses on reducing ecological footprints, increasing resource efficiency, and supporting renewable energy, sustainable agriculture, and eco-friendly projects. This approach aims to balance environmental protection with economic development.
The connection between RDF Ghana and SPSD III Fund Ghana is that both organizations work toward financing sustainable development initiatives in Ghana, specifically focusing on supporting Micro, Small, and Medium Enterprises (MSMEs) in sectors like agribusiness and renewable energy.
To contact RDF Ghana for more information, you can use the following contact details:
Address: No. C141/14B Crescent, Dzorwulu-Accra
Phone: +233 302 791 635
Working Hours: Monday to Friday, 8:00 am to 4:00 pm
Additionally, you can visit their website for more contact options or information.
Institutions interested in applying to RDF Ghana can follow these general steps:
Eligibility Check: Ensure the institution meets the eligibility criteria for the RDF fund.
Application Submission: Submit the required documents and application forms. These may include financial statements, business plans, and any other documents that RDF Ghana specifies.
Assessment and Approval: RDF Ghana will review the application, assessing the institution’s qualifications and proposed projects.
Further Documentation: Additional documents may be requested depending on the type of facility being applied for.
For detailed instructions, it’s recommended to visit the RDF Ghana website or contact them directly for specific application guidelines.
RDF Ghana defines MSMEs (Micro, Small, and Medium Enterprises) as businesses categorized based on their size, annual revenue, and number of employees. Generally, MSMEs are classified into:
Micro: Businesses with fewer than 10 employees and annual turnover of up to GHS 100,000.
Small: Businesses with 10-49 employees and an annual turnover of GHS 100,000 to GHS 3 million.
Medium: Businesses with 50-99 employees and an annual turnover of GHS 3 million to GHS 10 million.
This definition is used to help target businesses that can benefit from RDF Ghana’s funding and support programs.
Institutions that qualify for technical assistance from RDF Ghana typically include those that have received funding or are seeking to improve their capacity in sectors such as agribusiness, renewable energy, or other areas of growth. The technical assistance focuses on strengthening institutional frameworks, improving operational efficiency, and enhancing service delivery. Specific eligibility requirements may vary, and institutions must meet these criteria to benefit from such services.
For more detailed information, institutions should contact RDF Ghana directly or consult their website for the latest updates on qualifying criteria for technical assistance.
Frequently Asked Questions (FAQ)
Everything you need to know about partnering with RDF Ghana LBG
On what basis can a facility be declined?
A facility could be declined based on several reasons. Generally, this would be after our assessment of the financial institution’s ability to meet our requirements and standards of evidence, potential risk elements, the authenticity of documents submitted, and the overall credibility of the Financial Institution.
What documents are required before a financial institution can access your fund?
Refer to the list of basic requirements attached to the main Application Form.
Is there an application deadline?
Yes. RDF Ghana calls for applications at specific periods, and completed applications are expected to be submitted within the set time span. We call for applications four (4) times 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 GHS 5,000,000.00.
Can institutions enjoy lower pricing if their indicators are in excellent status?
Yes.
Does RDF offer moratoriums for loan repayments?
RDF structures its facilities in line with the use of funds and the timing of the customer’s expected cash flows. We may therefore apply moratoriums on a case-by-case basis.
Can a facility be extended beyond its normal duration if something unexpected happens to a financial institution?
Generally, no. Extreme cases can be discussed.
What is the connection between RDF Ghana and SPSD III Fund Ghana?
All Danida-sponsored projects fall 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 for other information?
We prefer that you send us an email via info@rdfghana.com. Alternatively, you can reach us by telephone at 0302 791 635.
Can financial institutions take on additional debt after accessing RDF Ghana funds?
Yes.
How do institutions apply to RDF Ghana?
Application forms can be downloaded from our website: www.rdfghana.com (direct link to the form will be available on the site).
What is RDF Ghana’s definition of MSMEs?
Micro: Enterprises with up to 5 employees and total assets up to GHS 50,000.00
Small: Enterprises with 5–50 employees and total assets up to GHS 250,000.00
Medium: Registered entities with over 50 employees and total assets above GHS 250,000.00
Who qualifies for Technical Assistance?
Partner / potential partner financial institutions of RDF Ghana and target clients of our partner financial institutions.
