Rwanda - Rwanda Finscope Survey 2012, Financial Inclusion in Rwanda 2008-2012

central
Reference ID RWA-NISR-FS-2012-v01
Year 2012
Country Rwanda
Producer(s) Access to Finance Rwanda (AFR)
Sponsor(s) United Kingdom’s Department for International Development - UKaid - Funding
World Bank - WB - Funding
Metadata PDF Documentation in PDF
Created on
May 21, 2015
Last modified
May 22, 2015
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375128

Documentation

Download the questionnaires, technical documents and reports that describe the survey process and the key results for this study.
Questionnaires
FinScope rwanda 2012 Questionnaire
pdf   953.21 KB

Author(s) Access to Finance Rwanda (AFR)
Date 2012-01-01
Country Rwanda
Language English
Contributor(s) The following are key contributors to the development of this resource: - National Bank of Rwanda - Ministry of Finance and economic Planning - National Institute of Statistics of Rwanda - Yakini Development Consulting - Centre for Economic nad Social S
Publisher(s) Access to Finance Rwanda (AFR)
Description This is the questionnaire for FinSope 2012
Download q-rfs-2012-questionnaire-eng.pdf
Reports
Rwanda FinScope 2012
pdf   867.32 KB

subtitle Financial Inclusion in Rwanda 2008-2012
Author(s) Access to Finance Rwanda
Date 2012-01-01
Country Rwanda
Language English
Contributor(s) The following are key contributors to the development of the report: - National Bank of Rwanda - Ministry of Finance and economic Planning - National Institute of Statistics of Rwanda - Yakini Development Consulting - Centre for Economic nad Social Stud
Publisher(s) Access to finance Rwanda (AFR)
Description This is the final report for Rwanda FinScope 2012
Download rfs-2012-final-Report.pdf
FinScope 2012 Technical Report
pdf   1.97 MB

Author(s) Access to Finance Rwanda (AFR)
Date 2013-01-01
Country Rwanda
Language English
Contributor(s) The following are key contributors to the development of this technical report: - National Bank of Rwanda - Ministry of Finance and economic Planning - National Institute of Statistics of Rwanda - Yakini Development Consulting - Centre for Economic nad
Publisher(s) Access to Finance Rwanda (AFR)
Description This is the technical report for Rwanda FinScope 2012 survey
Table of contents List of Tables
Executive Summary 1
1. Introduction 3
2. FinScope 5
3. FinScope Rwanda 6
4. FinScope Rwanda 2012 7
4.1. Survey and instrument design 7
4.2. Sampling and listing 7
4.3. Fieldwork 7
4.4. Data processing 8
4.5. Data analysis and reporting 8
4.6. Supply side data 9
4.7. Qualitative assessment 9
5. Defining Financial Inclusion 10
5.1. The dimensions of financial inclusion 11
5.2. The determinants of financial inclusion 11
6. Financial Inclusion in Rwanda 12
6.1. Physical access to formal financial institutions 12
6.2. Eligibility 14
6.3. Levels of financial inclusion 15
6.4. Drivers of increased levels of financial inclusion 18
6.5. Overlaps in uptake of financial products/services 20
6.6. FinScope Financial Access Strand 21
6.7. Usage of financial products and services 25
7. Landscape of Access 26
8. Commercial Bank Product Uptake and Usage 29
9. Non-bank Formal Product Uptake and Usage 32
9.1. Microfinance institution product uptake and usage 33
9.2. Umurenge SACCOs uptake and usage 35
9.3. Insurance and pension product uptake 38
10. Informal Mechanisms Used 40
11. Drivers of Financial Inclusion 42
11.1. Geographical distribution of the adult population 42
11.2. Demographic characteristics of the adult population 43
11.3. Attitudes and perceptions of the adult population 44
11.3.1. Attitudes and perceptions about money management 44
11.3.2. Attitudes and perceptions about financial products and institutions 46
11.4. Money management practices 50
11.4.1. Transacting and remitting 50
11.4.2. Saving 51
11.4.3. Borrowing 54
11.5. Risks and risk mitigation 57
11.6. Household and community environments 60
11.6.1. The household 60
11.6.2. The community 61
12. Access Frontier for Formal Inclusion 63
13. Conclusion 68
Annexure: Questionnaire 71
Financial Inclusion in Rwanda 2012
Contents
Figure 1: Framework of analysis 9
Figure 2: Segments of the financially served population explored by FinScope 10
Figure 3: Rwandan districts 12
Figure 4: Geographical distribution of commercial bank access points 13
Figure 5: Geographical distribution of microfinance institution access points 13
Figure 6: Geographical access of Umurenge SACCOs 13
Figure 7: Level of financial inclusion amongst Rwandan adults 15
Figure 8: Level of financial exclusion amongst Rwandan adults: Urban-rural comparison 15
Figure 9: Level of financial exclusion amongst Rwandan adults: Provincial comparison 16
Figure 10: Level of financial exclusion amongst Rwandan adults: Gender comparison 16
Figure 11: Level of financial exclusion amongst Rwandan adults: Age group comparison 17
Figure 12: Level of financial exclusion amongst Rwandan adults per highest level of education achieved 17
Figure 13: Level of financial exclusion amongst Rwandan adults: Main income generating activities compared 17
Figure 14: Level of financial exclusion amongst Rwandan adults: Ubudehe categories compared 17
Figure 15: Trends in formal and informal inclusion: 2008 – 2012 18
Figure 16: Trends in bank and non-bank formal product/service uptake: 2008 – 2012 19
Figure 17: Trends in uptake of products/services provided by non-bank formal institutions: 2008 – 2012 19
Figure 18: Trends in informal financial activities: 2008 – 2012 20
Figure 19: Overlaps in uptake of financial products/services 20
Figure 20: FinScope Rwanda Financial Access Strand: 2008 – 2012 21
Figure 21: FinScope Rwanda Financial Access Strand: Urban-rural comparison 22
Figure 22: FinScope Rwanda Financial Access Strand: Provincial comparison 22
Figure 23: FinScope Rwanda Financial Access Strand: Gender comparison 23
Figure 24: FinScope Rwanda Financial Access Strand: Age group comparison 23
Figure 25: FinScope Rwanda Financial Access Strand per highest level of education achieved 24
Figure 26: FinScope Rwanda Financial Access Strand: Comparing main income generating activities 24
Figure 27: FinScope Rwanda Financial Access Strand: Ubudehe category comparison 24
Figure 28: Usage of formal financial products: Formally served 25
Figure 29: Usage of formal financial products: Rwandan adults 25
Figure 30: FinScope landscape of access: Rwandan adults 26
Figure 31: FinScope landscape of access: 2008 – 2012 27
Figure 32: FinScope landscape of access: The role of the informal financial sector 27
Figure 33: FinScope landscape of access: Urban-rural comparison 28
Figure 34: FinScope landscape of access: Comparing main income generating activities 28
Figure 35: Landscape of bank product access 30
Figure 36: Bank product usage 31
Figure 37: Main reasons for non-usage cited by banked adults who were not using their bank products 31
Figure 38: Products/services used by adults served by non-bank formal financial institutions 32
Figure 39: Landscape of non-bank formal product access 32
Figure 40: MFI product usage 34
Figure 41: Main reasons for non-usage cited by MFI clients who were not using their MFI products 34
Figure 42: Umurenge SACCO product usage 37
Figure 43: Main reasons for non-usage cited by Umurenge SACCO members who were not using their SACCO products 37
Figure 44: Insurance and pension product uptake 38
Figure 45: Rwandan Financial Access Strand if Mutuelle de Sante membership was regarded as formal financial inclusion 39
Figure 46: Reasons for not using commercial bank services: Unbanked adults 49
Figure 47: Reasons for not using insurance products: Uninsured adults 49
Financial Inclusion in Rwanda 2012
List of Figures
Figure 48: Reasons for being unwilling to use mobile money: Adults who reported they won’t use mobile money 49
Figure 49: Reasons for not borrowing: Adults who did not take credit in the 12 months prior to FinScope 2012 50
Figure 50: Remittance mechanisms used by adults who sent money in the six months prior to FinScope 2012 51
Figure 51: Main reasons for saving: Adults who were saving at the time FinScope 2012 was conducted 51
Figure 52: Savings mechanisms: 2008 – 2012 52
Figure 53: FinScope 2012 Saving Strand 53
Figure 54: Main reasons for borrowing money: Adults who borrowed in the 12 month prior to FinScope 2012 54
Figure 55: Sources of credit: 2008 – 2012 55
Figure 56: Sources of in credit: Adults who borrowed from informal sources in the 12 months prior to FinScope 2012 55
Figure 57: FinScope 2012 Credit Strand 56
Figure 58: Opportunities for increased formal inclusion: Determining the access frontier 63
Figure 59: Income trend curves 63
Figure 60: Socio-economic status: Percentage adults per Ubudehe household category 64
Figure 61: Segmentation analysis 65
Figure 62: District map 66
Figure 63: Relative distribution of adults in the ‘opportunity’ segment per district 66
Figure 64: Relative distribution of adults in the ‘development’ segment per district 67
Figure 65: Relative distribution of adults in the ‘poor’ segment per district 67
Figure 66: Country comparison of Financial Access Strands: Countries where FinScope surveys have been conducted 69
Financial Inclusion in Rwanda 2012
List of Tables
Table 1: FinScope indicators used to describe the level of financial inclusion amongst adults 10
Table 2: Adults’ perceptions about access to facilities 14
Table 3: Adults’ perceptions about public transport 15
Table 4: Level of financial exclusion amongst Rwandan adults: District comparison 16
Table 5: Changes in the banking sector: 2008 – 2012 19
Table 6: Characteristics of the banked population 29
Table 7: Bank products held by the banked population 30
Table 8: Characteristics of MFI clients 33
Table 9: Products held/used by MFI clients 34
Table 10: Characteristics of Umurenge SACCO clients 36
Table 11: Characteristics of informally served adults 40
Table 12: Informal mechanisms used by informally served adults 41
Table 13: Geographical distribution of the adult population 42
Table 14: Demographic characteristics of the adult population 43
Table 15: Attitudes and perceptions of Rwandan adults about money management 45
Table 16: Attitudes and perceptions of Rwandan adults about financial institutions and products 48
Table 17: Risk events experienced by Rwandan adults in the six months prior to FinScope 2012 57
Table 18: Financial coping mechanisms applied by Rwandan adults when exposed to risk events in the six months
prior to FinScope 2012 58
Table 19: Financial coping mechanisms put in place by Rwandan adults to cope with main life events 59
Table 20: Physical resources within Rwandan communities 62
Table 21: Communal support within Rwandan communities
Download rfs-2013-technical-report.pdf
Technical documents
Sample Design and estimation Procedures
pdf   1.27 MB

Author(s) Access to Finance Rwanda (AFR)
Date 2012-01-01
Country Rwanda
Language English
Contributor(s) The following are key contributors to the development of the report: - National Bank of Rwanda - Ministry of Finance and economic Planning - National Institute of Statistics of Rwanda - Yakini Development Consulting - Centre for Economic nad Social Stud
Publisher(s) Access to Finance Rwanda(AFR)
Description This is the sampling design and methodology for FinScope 2012
Download fs-2012-sampling-and-methodology.pdf
Other materials
FinScope Rwanda 2012 Stakeholders Workshop
pdf   2.01 MB

subtitle Consumer Survey
Author(s) Irma Grunding and Ivan Murenzi
Date 2013-05-01
Country Rwanda
Language English
Publisher(s) Access to Finance Rwanda(AFR)
Description This is the presentation used during the stakeholders workshop
Download rfs-2012-presentation-stakeholders-workshop.pdf
FinScope Rwanda 2008
pdf   687.15 KB

Author(s) Access to Finance Rwanda (AFR)
Date 2013-01-01
Country Rwanda
Language English
Contributor(s) The following are key contributors to the development of this resource: - National Bank of Rwanda - Ministry of Finance and economic Planning - National Institute of Statistics of Rwanda - Yakini Development Consulting - Centre for Economic nad Social S
Publisher(s) Access to Finance Rwanda (AFR)
Description This are key highlighs from FinScope 2008
Download rfs-2008-key-findings.pdf

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