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Limited access to financial services pushes informal business owners to embrace classical saving schemes

Ndabarasa Eugene

August 01, 2022 |

Royal FM |

Text |

800-1500 Words

Response Location: Rwanda, Kigali

Savings groups called Tontines gather members engaged in informal business, like street merchants, to access financing through peer-to-peer banking and lending. Tontines allow lower-income individuals who typically fail to qualify for bank loans to access financial services and learn to save and manage their money.

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