Editor,

RE: "Make interest rates more affordable and friendly” (The New Times, September 2).

We need a truly entrepreneurial approach (and an equally suitably enabling financial system supervisory structure, not just one geared solely for conventional banking and finance) to financial intermediation-an approach that is more effective in mobilising the savings of as a wide cross-section of Rwandans (both in the formal and informal economies, the city and town dwellers as well as village folk) and is more efficient in directing those savings to Rwandans with good business ideas but who lack the minimum conditions to access funding from conventional financial institutions.

What are our financial regulatory and supervisory authorities doing to encourage the emergency of such financial entrepreneurs?

Mwene Kalinda