Case Study 4: Rwanda’s Financial Inclusion Success Story
In Rwanda, community savings and credit cooperatives have been a financial inclusion success story. In just three years, these cooperatives, known as Umurenge SACCOs, have attracted over 1.6 million customers. SACCOs and other MFIs currently serve almost the same number of people as the entire banking sector. In a country where access to financial services was once sparse, more than 90 percent of Rwandans now live within a 5 km radius of an Umurenge SACCO.
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