Rwanda recorded a 39 percent growth in the number of customers taking up loans with commercial banks in 12 months to June 30, 2023. Disclosures by the National Bank of Rwanda (NBR) indicate that the number borrowers in banks grew considerably to 949,778 in June 2023 from 683,851 in June 20, 2022. those in microfinance institutions (MFIs) and the Savings and Credit Co-operative Societies (Saccos) declined by 15 percent to 306,186 from 3