Challenges in Financial Sector

The challenges include the following;

  • Poor infrastructure more especially in rural areas has hindered the financial service penetration.
  • Poor credit culture has been attributed to the influx of donations after the 1994 conflict and this has led to low financial penetration in the country.
  • Limited institutional capacity is another challenge hindering the financial penetration in Rwanda.
  • Poor loan quality and high non-performing loans remain a challenge for the Rwandan financial service institutions.
  • Financial exclusion is a major limitation of financial service penetration within the country.
  • A number of Rwandans borrow from an external source hence limiting the growth of the local financial sector.


About The Author

Related posts

Visit Us On TwitterVisit Us On FacebookVisit Us On Google PlusVisit Us On YoutubeVisit Us On LinkedinCheck Our Feed