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.


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