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Enhancing Inclusive Agriculture Finance in Rwanda: A path to the rapid transformation of the sector

Financial Services 31 January 2024

By Access to Finance Rwanda (AFR)

Over the last decade, the agriculture sector has been contributing 25% of the national gross domestic product (GDP), while the share of agricultural workers in the total workforce stands at 66.4%. The Finscope 2020 Agriculture Finance Thematic Report – a deep dive analysis of the main Finscope 2020 Survey- shows that about 79% of the adult population is engaged in agriculture with 90% of farmers practicing subsistence farming and only 10% engaged in commercial farming. The demographic distribution of farmers is higher in rural areas with 88% of farmers residing in rural settings. Contrary to many other walks of life, more women are engaged in agriculture than men at 56%.

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