Rwanda’s economy is heavily dependent on agriculture, with 72% of its working force involved in the a sector which provides 33% of its national GDP. After the 1994 Genocide, the country’s economy rebounded and was one of the fastest growing economies in Africa, surpassing 10% in 2019 and until 2018, achieving an average 7.5% growth for the previous decade. In the future, it is estimated that the private sector will play a strong role in ensuring Rwanda’s sustained economic growth.
When women are economically empowered, they re-invest in their families and communities, producing greater economic growth. Yet, lack of access to finance is one of the major barriers facing women entrepreneurs around the world. MEDA’s work in Rwanda is dedicated to identifying and testing strategies that remove barriers to women entrepreneurs’ access to capital. MEDA’s work currently focuses on supporting women entrepreneurs in Kenya and Rwanda to qualify for financing from formal lenders.