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How to Lend Money to Strangers

Rwanda on the rise, with Sam Tayengwa (TransUnion)

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

52.6K Ratings

🗓️ 7 March 2024

⏱️ 38 minutes

🧾️ Download transcript

Summary

Rwanda is rising as a regional financial centre, catching the East African fintech wave to drive economic and social transformation and to broaden financial inclusion. In today's episode, I'm speaking to TransUnion's CEO for Rwanda and Head of Africa Growth Regions, Sam Tayengwa to hear about the energy and progress that's bubbling to the surface there. We talk about mobile loans, of course, but also the emergence of old classics like mortgages and vehicle loans.



TransUnion is, as Sam said, at https://www.transunion.com/ but also at https://www.transunion.co.za/ and https://www.transunionafrica.com/rwanda (I think he got that a little wrong in the episode)



You can jump straight to Sam at https://www.linkedin.com/in/samtayengwa/, he's well worth the follow, and also check our TransUnion Africa's regional president, Lee Naik at https://www.linkedin.com/in/naikl/ and subscribe to his Elewa newsletter at https://www.linkedin.com/newsletters/elewa-africa-thinking-6706525337850781696/



LinkedIn is where you can find and connect with me: https://www.linkedin.com/in/brendanlegrange (please do reach out, follow the show's page, and share the content with your networks)



Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24



If you have any feedback or questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site.



Keep well, Brendan



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

The narrative on the continent. I'll call it the scramble of Africa version 2, right, or reload, where everybody wants to come in and do something in Africa looking for growth.

0:10.5

Then you have Rwanda, right, which is pivoting to become a change maker on the continent.

0:16.2

Just about 18 million people in the country, but very intentional about technology and financial

0:21.5

hubs.

0:22.5

But more than anything else,

0:23.7

when we talk of financial inclusion,

0:25.7

we have included quite a lot of our people.

0:28.2

But just because now Brandon has access to $10,

0:31.3

does $10 really empower him to do more and better for his family and improve

0:36.6

his livelihood?

0:37.6

Absolutely not.

0:38.8

So how do we deepen that financial inclusion?

0:41.2

Those are now the questions we're talking about.

0:43.0

There's a problem that are real, these are problems that matter and we empower our people.

0:48.0

It was my uncle Stewart who got us into cycling. This was in the mid-80s and early 90s and in our minds

0:58.5

there were only two races in the whole world. The Arga Cycle Tour, which is actually this Sunday, and the Tour de France, which we could only

1:06.4

watch on VHS tapes full of half hour daily highlights that Stuart got from his brother,

1:12.0

who was the one who had the pay channel it was shown on.

1:14.5

We're talking the glory days of Lauren Fignon against Greg Lamand, of Marco Pantani,

1:19.8

destroying the big mountains, of Mario Chippelini and Jumovaleen apt to Japperov.

1:25.0

Then Lance Armstrong stole the joy of the sport for a while, and it was only really when I moved

1:30.0

to Yorkshire and got back onto my own bike that I got back into the sport.

...

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