Tenders are invited for Provide Advisory Service to Support Selected Financial Service Providers to Extend and Tailor Financial Products to the Needs of Young Entrepreneurs and MSMEs in the Digital Economy. Location: Kigali Deadline: Monday, 08/06/2026 12:00 BACKGROUND: Rwandas long-term development vision, Vision 2050, sets out an ambitious pathway for the countrys transformation into a high-income, knowledge-based economy. Digitalization is identified as a key driver of this transformation, with strong emphasis on innovation, entrepreneurship, and private sector led job creation. In recent years, the Government of Rwanda has made significant progress in strengthening the enabling environment for the digital economy through investments in digital infrastructure, skills development, and reforms aimed at improving the business and investment climate. These efforts are further articulated under the National Strategy for Transformation II (NST2), which positions MSMEs and digital entrepreneurship as central to accelerating inclusive growth, productivity, and employment creation, particularly for youth and women. NST2 highlights financial inclusion as a foundational enabler of enterprise development and economic participation, underscoring the importance of expanding access to affordable, appropriate and diversified financial services that respond to the evolving needs of a digitally enabled economy. Rwanda has made substantial progress in expanding access to financial services, driven largely by the widespread adoption of mobile money and digital payment systems. These advances have strengthened transactional inclusion, enabled more efficient business operations, and reduced barriers to entry for individuals and small enterprises engaging in the digital economy. As a result, an increasing number of young entrepreneurs are actively using digital financial tools as part of their day to day business activities. Building on this progress, evidence suggests that further gains can be achieved by strengthening access to finance that is better aligned with enterprise development and growth needs, particularly for young entrepreneurs operating in the digital economy. While many of these enterprises are digitally enabled, existing financial products are often designed around traditional business models and do not yet fully reflect the cash flow patterns, income structures, or investment needs associated with digital and platform based activities. This can limit entrepreneurs ability to invest in digital tools, working capital, innovation, and market expansion, especially beyond the startup phase. Under Outcome 1 of the project, the focus is on creating jobs in the digital economy through policies and investment growth in sustainable enterprises. Within this outcome, particular emphasis is placed on enhancing access to finance for entrepreneurs in the digital economy, recognising that finance is a key constraint to enterprise growth and job creation. To this end, the project supports measures that strengthen the readiness of young entrepreneurs to engage with formal finance, while at the same time reinforcing linkages between business development services and financial service providers (FSPs), in order to improve the relevance and accessibility of financial products for businesses in tech and for digitally enabled enterprises. These efforts build on existing national initiatives and financial inclusion mechanisms that have expanded basic access to financial services, while seeking to strengthen the transition from grant-based inclusion to more sustainable, enterprise-oriented finance. By strengthening FSPs understanding of the business models, risk profiles and growth trajectories of young digital entrepreneurs, the project aims to complement ongoing access to finance efforts and support the design and piloting of youth-friendly financial products that are better aligned with the realities of technology-driven businesses. Under the leadership of The Ministry of Youth and Arts (MOYA) and in alignment with existing national youth financing initiatives, the ILO project seeks to engage a consultant to provide advisory services to a selection of FSPs. The assignment will support FSPs and relevant stakeholders in extending and tailoring financial products and services to the needs of young entrepreneurs in the digital economy. By doing so, the consultancy will contribute to improved access to finance, stronger enterprise sustainability, and increased decent job creation for young women and men. [Disclaimer: The above text is machine translated. For accurate information kindly refer the original document.] Tender Link : https://www.jobinrwanda.com/job/terms-reference-individual-consultants-onlyconsultant-provide-advisory-service-support-selected
