loader image
Close
  • Home
    • Focus Areas
    • Home Page
  • Services
  • Pages
    • About us
    • Our Team
    • Contact us
    • Contact 2
  • Portfolio
    • Column One
    • Column Two
    • Column Four
      • Umurenge Saccos automation project
      • Digitizing Financial Services
    • Column Three
  • Blog
    • Blogs
  • Slider
    • Column One
    • Column Two
    • Column Three
    • Column Four
Search
Twitter
Linkedin-in
Youtube
Facebook-f
  • Who we are
    • About us
    • Our History
    • How we work
    • Our Team
    • Partners
  • Focus Areas

      Supporting Underserved and Marginalised Groups

      Agriculture Finance for Smallholder Farmers

      Digital Financial
      Services

      Promoting Inclusive Insurance and the Establishment of a Long Term Savings Scheme

      Policy and
      Research

  • Resource Hub
    • Events
    • Infographics
    • Multimedia
    • Publications
    • Researches
  • Our work
    • Our Impact
    • Latest News
    • Work with us
  • Contact us
  • Who we are
    • About us
    • Our History
    • How we work
    • Our Team
    • Partners
  • Focus Areas
  • Resource Hub
    • Events
    • Infographics
    • Multimedia
    • Publications
    • Researches
  • Our work
    • Our Impact
    • Latest News
    • Work with us
  • Contact us
Menu
  • Who we are
    • About us
    • Our History
    • How we work
    • Our Team
    • Partners
  • Focus Areas
  • Resource Hub
    • Events
    • Infographics
    • Multimedia
    • Publications
    • Researches
  • Our work
    • Our Impact
    • Latest News
    • Work with us
  • Contact us
Twitter
Linkedin-in
Youtube
Facebook-f
  • Who we are
    • About us
    • Our History
    • How we work
    • Our Team
    • Partners
  • Focus Areas

      Supporting Underserved and Marginalised Groups

      Agriculture Finance for Smallholder Farmers

      Digital Financial
      Services

      Promoting Inclusive Insurance and the Establishment of a Long Term Savings Scheme

      Policy and
      Research

  • Resource Hub
    • Events
    • Infographics
    • Multimedia
    • Publications
    • Researches
  • Our work
    • Our Impact
    • Latest News
    • Work with us
  • Contact us

Our Impact  ·  Publications

FinScope Survey 2020 Report

By idriss  Published On June 3, 2020
DOWNLOAD THE PDF

According to the FinScope 2020 survey, 93% (from 89% in 2016, 72% in 2012 and 48% in 2008) of Rwandan adults are financially included in terms of accessing and using both formal and informal financial products. Levels of financial inclusion vary from 99% in Gasabo district to about 83% in Rusizi district.

The survey indicates a narrowing gender gap in financial inclusion with only 8% of women excluded compared to 7% of male counterparts. The report underscores that youth within the age range of 16 – 24 years, are the most financially excluded at 18%, significantly higher compared to the national average of 7% exclusion.

About 77% of the Rwandan population access and use formal financial products, including those that are provided by the banking sector and other from formal but non-bank financial institutions such as insurance firms, mobile network operators, Microfinance institutions/SACCOs, etc.

About 36% (from 26% in 2016, 23% in 2012 and 14% in 2008) of adults in Rwanda are banked. The proportion of adults that are banked range from 80% in Gasabo district to only 8% in Ngororero district. Banked population growth has increased by 1.1 million since 2016. About 25% of banked adults use digital financial tools up from 6% in 2016. About 75% of adults in Rwanda use other formal (non-bank) financial products/services. These financial services increase overall levels of formal inclusion.

The informal sector continues to play a significant role in financial inclusion and increasing product portfolio choices with about 78% of adults in Rwanda using informal financial services mainly through saving groups (ibimina).

Download the full report:


Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

*

*

The Role of Inclusive Finance and Digital Finance Technologies in Pandemics
Previous Article
Rwanda Government Launches the National Agriculture Insurance Scheme in Partnership with the Private Sector
Next Article

Access to Finance Rwanda
KG 5 Avenue, House No.13 Kacyiru
P.O BOX 1599 Kigali

Twitter
Linkedin
Youtube
Facebook-f
AFR IS A MEMBER OF THE FSD NETWORK
fsdnetwork
AFR DEVELOPMENT PARTNERS