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Rwandan Banks Urged To Work With Village Saving Groups

Rwandan Banks Urged To Work With Village Saving Groups  ; Banks have been urged to work with village savings groups as part of efforts aimed at deepening formal financial inclusion. National Bank of Rwanda, governor John Rwangombwa said banks must ...

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    Default Rwandan Banks Urged To Work With Village Saving Groups



    Banks have been urged to work with village savings groups as part of efforts aimed at deepening formal financial inclusion.
    National Bank of Rwanda, governor John Rwangombwa said banks must create strong linkages between the informal and formal financial market segment to further strengthen the robustness of the sector.

    Rwangombwa urged financial institutions to leverage new technologies, including mobile financial services, to increase their reach, especially hard-to-reach areas and challenged banks to design products that will boost formal financial inclusion.
    The government targets to boost financial inclusion to 80 per cent and 100 per cent by 2017 and 2020, respectively.


    "Cowards die many times before their deaths but the valiant never taste of death but once, of all the wonders that I yet have heard,It seems to me most strange that men should fear;Seeing that death, a necessary end,Will come when it will come."




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