Abstract

The research defines financial inclusion as the process of making sure vulnerable groups,
like low-income individuals and the less privileged, have access to financial services and
reasonable credit when they need it, at an affordable cost. This study focused on
enhancing financial inclusion and socio-economic empowerment among individuals with
disabilities in the Rwanda Union of the Blind. Using a descriptive and correlation research
design, the researcher employed two primary data collection methods: questionnaires
and interviews with structured questions for the respondents. The study involved 2400
members of the Rwanda Union of the Blind, with a sample size of 96 visually impaired
individuals selected using the Yamane formula. Both quantitative and qualitative
methods were used for data analysis, with Pearson’s correlation coefficient used to
establish relationships between variables. The study's findings highlighted a 43% positive
impact of financial inclusion on the socio-economic empowerment of people with visual
impairment. Some respondents, particularly those who accessed loans from banks,
acknowledged that financial services enabled them to excel in economic activities.
Nevertheless, most respondents faced challenges due to discrimination and the absence
of collateral, especially among disabled youth, hindering their access to finance. To
achieve full financial inclusion, the study recommended that Microfinance Institutions or
Banks should ensure equal opportunities and access to credit and financial services for
individuals with disabilities. This can be achieved by providing information in formats
accessible to them and making service points physically accessible. The government
should promote awareness and involvement of visually impaired individuals in incomegenerating
activities. Additionally, it was suggested that people with visual impairment
should be encouraged to confidently apply for financial services.
Keywords: Financial inclusion, Visual impairment, Socioeconomic empowerment,
Financial services, People with disabilities.