Digital financial services company has officially launched operations in , introducing a new loan service aimed at supporting small businesses with quick, collateral-free financing.
The launch event took place in on March 24, 2026, marking a significant step toward expanding access to credit for micro and small enterprises that often struggle to secure funding from traditional financial institutions.
Through the Numida mobile application, business owners can apply for loans ranging from Rwf 800,000 to Rwf 12 million without leaving their premises. Approved applicants receive funds within 24 hours, with repayment expected within 30 days.
To qualify, applicants must own a registered business that has been operational for at least six months, possess valid identification, and provide documentation from the confirming business ownership. A smartphone is also required to access the service.
Numida CEO said the initiative aligns with Rwanda’s Vision 2050 development agenda, which aims to expand financial inclusion and support economic growth.
“Our mission is closely aligned with Rwanda’s Vision 2050, ensuring that financial services are accessible to everyone. We aim to help one million Africans turn their business dreams into reality,” he said.
Officials from the reassured the public about the platform’s credibility. James Rwagasana, who oversees non-deposit-taking financial institutions, confirmed that Numida is a licensed entity, distinguishing it from unregulated online lenders that have previously defrauded users.
One beneficiary, Nishimwe Teddy, said she secured a loan of Rwf 3.5 million through the platform, describing the process as fast and straightforward. She noted that the funds would help her expand her business.
Since beginning operations in Rwanda earlier this month, Numida has already disbursed about Rwf 120 million to 150 entrepreneurs via its digital platform.
Founded in 2017, Numida has been operating in and expanded to in 2023. Across the region, the company has issued more than $150 million in loans to over 100,000 small businesses.
The firm aims to provide loans to at least 5,000 Rwandan entrepreneurs by the end of 2026, further strengthening the country’s growing digital finance ecosystem.