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ARTICLE · 29 APRIL 2024

Key Points On How To Set Up A Digital Lending Company In Rwanda

Koriat & Co
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As of January 2023, Rwanda had about 5 million internet users with the country's internet penetration rate standing at 30.5% of the total population of 13.78 million.

NigeriaFinance and Banking
Koriat & Co
Koriat & Co

Why set up a digital lending business in Rwanda?

There is a promising future for the Rwandan digital economy and the spending habits of the Rwandans as well as stable democratic regime, ease of doing business policies and the government's impressive drive towards technology infrastructural development to support digital businesses.

As of January 2023, Rwanda had about 5 million internet users with the country's internet penetration rate standing at 30.5% of the total population of 13.78 million. Available data shows that Rwanda's digital payments market is on a strong upward trend, with a total transaction value of about USD 1,417 million in 2023.

How do I set up a digital lending in Rwanda?

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