Microfinance improves access to bank credit – Fed paper

Photo of Kigali

A Rwandan microfinance initiative provided borrowers a bridge to regular bank credit, according to a recent Federal Reserve working paper.

Serving the Underserved: Microcredit as a Pathway to Commercial Banks looks at data from the Umurenge network of savings and credit co-operatives (U-Sacco). The study analyses the period between January 2008 and December 2018, during which U-Sacco began operating (in 2011). Eventually, more than 90% of Rwandans lived within three miles of a U-Sacco outlet.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: