Financial inclusion in Rwanda 2012

The implementation of FinScope Rwanda in 2008 was driven by a lack of credible information to guide policy interventions and financial service providers in their efforts to expand the reach and depth of the financial system. This decision was urged by the National Bank of Rwanda (BNR) as the overall custodian of Rwanda’s financial sector. The 2012 FinScope survey was commissioned by Access to Finance Rwanda (AFR) and not FinMark Trust. The study which was launched in March 2010 at the request of the Government of Rwanda, and with support from the United Kingdom’s Department for International Development (DFID) and the World Bank. The core objective of AFR is to remove systemic barriers to financial services by putting the poor at the centre of its interventions. In pursuit of this objective, AFR needed information about how the landscape of access to, and usage of, financial services had changed since 2008. A review of the implementation of the Economic Development and Poverty Reduction Strategy EDPRS 2007 – 13 (EDPRS-1) concluded that substantial progress had been made in meeting the targets set (Ministry of Finance and Economic Planning 2012) for financial sector development. However, it is clear that economic transformation and growth will need to be accelerated if Vision 2020 is to be realised.