This product covers the outstanding principal and interest of one month of a loan upon death, Total permanent disability, critical Illness of the Borrower and retrenchment. This product is tailor-made to cover short loan balances on reducing balance basis for small scale borrowers (groups and individual level) .It is designed for all MFIs, Saccos, Banks and other micro-lending institutions.


  • Covers loans on a reducing balance basis
  • Age range is between 18 and 65 years at subscription
  • Term 1 months up to 60 Months
  • Single premium payable in advance to cover the loan balance during the entire period of loan

Targeted clientele: Group Loans


  • Pays outstanding loan balances on death or total permanent disablement of the insured member
  • Protect family of insured member from being left with nothing as a result of outstanding debt
  • The Insured will continue giving credit services to the Rwanda community

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