by Jason Benedict
RCE Strategist
One of the things the students learned to do last week was calculate loan payments. Here in Rwanda, interest rates on commercial loans are around 18% (no that’s not a typo) and loan terms are fairly strict. We spend a considerable amount of time in the program helping our students find creative ways to start businesses that have serious growth potential, but a small up front capital requirement.
Please pray for our students as they bring everything they have learned together and prepare to launch their businesses – they will be facing all kinds of challenges including where to get capital.
From our experience with the first cohort, most of these students will want a prayer partner – someone who will commit to pray regularly for them and their business. Perhaps that person is you. If so let us know. There are a lot of other things to pray about as well.
We (our visiting executives and I) had lunch this week with a government official, who has been very helpful to us. This gentleman has a real heart to help his country. I asked what led him to take his current role with the government. As he related the story, I could see that his life had been orchestrated. I made the comment that it seemed like he had been specially prepared step by step for this role.
With that, the conversation turned to Lord, and God really blessed the time. We began talking about God’s purposes in our lives, and businesses, and were able to share from the Word of God. He seemed to hang on every word. It was a real opportunity to share truth and see just how much opportunity we have through our center here to touch those who are crafting government policy and influencing the future of Rwanda.
RCE Strategist
One of the things the students learned to do last week was calculate loan payments. Here in Rwanda, interest rates on commercial loans are around 18% (no that’s not a typo) and loan terms are fairly strict. We spend a considerable amount of time in the program helping our students find creative ways to start businesses that have serious growth potential, but a small up front capital requirement.
Please pray for our students as they bring everything they have learned together and prepare to launch their businesses – they will be facing all kinds of challenges including where to get capital.
From our experience with the first cohort, most of these students will want a prayer partner – someone who will commit to pray regularly for them and their business. Perhaps that person is you. If so let us know. There are a lot of other things to pray about as well.
We (our visiting executives and I) had lunch this week with a government official, who has been very helpful to us. This gentleman has a real heart to help his country. I asked what led him to take his current role with the government. As he related the story, I could see that his life had been orchestrated. I made the comment that it seemed like he had been specially prepared step by step for this role.
With that, the conversation turned to Lord, and God really blessed the time. We began talking about God’s purposes in our lives, and businesses, and were able to share from the Word of God. He seemed to hang on every word. It was a real opportunity to share truth and see just how much opportunity we have through our center here to touch those who are crafting government policy and influencing the future of Rwanda.
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