BOOSTING HOUSEHOLD SAVINGS IN RWANDA - Policy Brief - A. Setting the scene

How do Rwandans choose the form of saving? (small survey) Figure 1: Reason for saving Figure 2 shows that in 79 percent of the cases, the form of saving is chosen mainly for reasons of trust in (and reputation of) the institution, easy access to the savings accounts, and the possibility of using the saving as collateral, i.e., non-financial reasons. [...] Second, the analysis identified the and lack of knowledge of saving are the main reasons household characteristics affecting the amounts saved in for not saving. [...] On the other hand, Figure 3 last quadrant shows that the higher the consumption, Wealth is positively associated with the decision to use a the higher the propensity to save in an account. [...] These findings complement the views The factors affecting the contribution to tontine are hence obtained from Key Informants that the saving products different from the ones affecting savings in the account. [...] Recommendations The officials and stakeholders underlined the importance target of awareness campaigns about the goals of household savings as a driving force for domestic and forms of saving in accounts in financial investment.