Sale of Vehicle by Way of Public Auction
RICEM is registered in Rwanda Development Board (RDB) as a company limited by guarantee, located in Kigali City. The equal owners are the Association of Microfinance Institutions of Rwanda (AMIR) and the National Cooperative Confederation of Rwanda (NCCR).

Background
Rwanda Institute of Cooperatives, Entrepreneurship, and Microfinance (RICEM) is a professional training academy organization located in Kabusunzu. RICEM offers its services to Cooperatives, Small Businesses (SMEs), Microfinance (MFIs), and Individual or Group by assisting in capacity building and other business advisory through training provision. Our mission statement is to enable our beneficiaries from Cooperatives, Entrepreneurship and Microfinance in Rwanda and in the region to perform better in business by providing technical capacity building services through short- and long-term trainings, consultancy, research, technical business support and coaching. Our vision statement is to be the leading institution in providing competitive capacity building for Cooperatives, Entrepreneurship and Microfinance in Rwanda and within the region.

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Description
The following features are present in the vehicle to be sold:
Vehicle Brand: Toyota/Hiace
Type: Minibus
Year Of Manufacture: 2005
Chassis N˚: Jtgjs02p1550013452
Plate N˚raf013h
The car will be offered for sale "in it is current condition." On November 7, 2022, between 10:00 and 16:00, the vehicle will be available for inspection at RICEM.
On Friday, November 14, 2022, at 10:00 a.m., interested parties or businesses should bring their sealed envelopes marked "Public Auction of TOYOTA HIACE RAF013H" to the RICEM office at KN 193 St., Kigali, formerly IKIGO IWACU KABUSUNZU.
Upon RICEM's acceptance of their bids, the successful bidders must transfer/pay 30% of the accepted bid amount right away to the GT Bank account number 211-217267-1-5100-0.
Within 7 days, the remaining 70% must be paid. The highest bidder will forfeit their entire bid if they don't deposit 30% of it. The subsequent will be taken into account. The car is being offered for sale in "it current condition.
In case the remaining balance is not paid within 7 days; the auction shall be canceled and the deduction of 2% will be applied on the 30% deposited on the account as processing fees.
The vehicle and related documents will be delivered to the successful bidder after payment of the remaining balance. The vehicle should be removed within 7 days from the date of notification.
The auctioned vehicle may be taken only after full payment and the issuance of "Acte de vente" by RICEM.
If the amount quoted in the tender falls short of RICEM's expectations, no vehicle is purchased.
For any enquiry, you can write to ricem.company@gmail.com , in at least one day before the bids submission deadline.
Done at Kigali, on 28th October 2022
Sincerely,
Dr. MUKULIRA Olivier
RICEM Managing Director