HOW TO SET UP A DIGITAL LENDING COMPANY AS NON-DEPOSIT TAKING FINANCIAL INSTITUTION IN RWANDA

Introduction In Rwanda, Non-Deposit Taking Lending Financial Institutions (NDFI) are legal entities that regularly and principally performs financial services in the form of non-deposit taking lending services or related financial services. Unlike other financial institutions such as Banks and micro finance institutions, they do not engage in collection of deposits from customers but are authorized to provide credit services, debt collection services and other financial services that the National Bank of Rwanda may approve. Please note that credit services entail only the business of granting loans either secured or unsecured. How do I set up a NDFI in Rwanda? To … Continue reading HOW TO SET UP A DIGITAL LENDING COMPANY AS NON-DEPOSIT TAKING FINANCIAL INSTITUTION IN RWANDA