Women and Financial Inclusion in Rwanda: Promoting greater financial inclusion of women in Rwanda
This paper summarizes the gender differences in the uptake/usage of financial products and services (both formal and informal) and as such reporting Rwanda’s development towards greater financial inclusion of women since 2012. The report finds that the overall gender gap is relatively small with 4% percentage difference in total financial inclusion [86% of women are financially included compared to 90% of men]. Within this context, men’s uptake of financial products/services is consistently ahead of that of women especially for formal financial services [overall, 63% of women are formally served compared to 74% of men]. The uptake of informal financial mechanisms show no gender gap. However, there is a significant gender gap in adults relying exclusively on the informal sector [24% for women compared to 17% men].