This report provides valuable insights into our progress highlighting the importance of current strategies and initiatives in driving financial inclusion. Notably, Rwanda has achieved an impressive 96% financial inclusion rate, with formal inclusion at 92%, surpassing the NST1 target of 90% by 2024. 

The Rwanda FinScope 2024 findings show that though we are 4% points behind, the NST1 set target (100%), Rwanda is on the right path. There has been a substantial increase in formal financial inclusion (insurance, pension, and mobile money) since 2020, reducing the number of adults who are exclusively dependent on informal mechanisms to just 4% in 2024 from 16% in 2020.