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MICROCAPITAL BRIEF: Financial Illiteracy Blamed as Default Rates in Rwanda
According to figures attributed to the National Bank of Rwanda, the country’s central bank, non-performing loans owed to microfinance institutions (MFIs) rose from RWF 3.6 billion (USD 5.8 million) in 2010 to RWF 4.2 billion (USD 6.8 million) in December ...
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