finca - D.R. Congo
- D.R. Congo
- Resources
- Access to Finance
- Access to Capital
- Access to Capital
Access to financial services in the DRC
Most women who start their own businesses do so with less money than men, and rely more on personal savings or loans from friends or family .
Lack of access to finance is a crucial problem for women entrepreneurs wishing to develop their activities in the DRC.
Given that the financial intermediation rates in the DRC remain one of the lowest in the world, the conditions for granting loans by the banks are difficult and do not allow women to have easy access to them.
Intermediation is a process by which customer deposits are transformed into loans.
Industry Promotion Fund-FPI
After an observation that the Industrial Sector lacked the means to ensure its effective start-up and the insufficient self-financing of companies to cover their investment needs. The Congolese State has therefore created the Fund for the Promotion of Industry-FPI by Ordinance Law No. 89-171 of August 07, 1989, which is an appropriate framework for financing the industrial sector with longer terms and at low interest rates.
This public establishment is established in all the provinces of the Democratic Republic of Congo whose General Management is located in Kinshasa precisely in the commune of Gombe at No. 16 Avenue Lukusa opposite the Cercle Elaeis.
The FPI's main mission is to promote the development of Congolese industry by, among other things:
- Support for existing industries;
- The promotion of new industries;
- The promotion of small and medium-sized enterprises;
In order to promote Small and Medium Enterprises (SMEs), the Congolese Minister of Industry has decided that financing from the Industry Promotion Fund-FPI intended for investment will now be granted at a rate of maximum interest of 6% for all businesses. Specifically the business projects of young and female entrepreneurs will be financed at 4%.
The costs of opening the file are equivalent in Congolese francs to two hundred and ninety US dollars (US$290) at the daily rate and payable to the FPI's accounts housed in commercial banks, while indicating the name of the Promoter Company and the nature of the payment ( Expenses for opening the file ).
Click here to download the funding application form
To contact the head office of the Fonds de Promotion de l'Industrie-FPI
- +243 816 905 362
- dgkinshasa@fpi-rdc.cd
- dprsecretariat@fpi-rdc.cd
Moreover, the only other possible source of financing for women are banks and local microfinance institutions.
A few establishments offer credit services to their clients with particular attention to women entrepreneurs. These are among others:
finca
Provides access to flexible financing that helps clients achieve their practical life goals. Credit products at Finca are tailored to meet individual needs while others may be accessed by and within groups of individuals. Therefore, if you are a business owner or a business entrepreneur who would like to take your business to another level, you can rest assured that one of our various loan products will get you there.
Types of credits, Conditions and advantages at Finca
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nbsp | Requirements | Benefits | Rising |
business credit | Persons or companies with operational activities Applicant must be 18 years of age or older At least 6 months of existence and business activity · Possession of a business license Guarantor nbsp | Credit facility of up to US$30,000 · Flexible repayment terms and periods 3 – 36 Months · Flexible collateral requirements Faster loan processing (within 7 days) Flexible loan long-term repayment plans nbsp | Loan amount depends on business performance hence light burden on client |
Small Business Credit |
nbsp | · Competitive interest rates with minimal fees Fast loan processing time · Personalized service nbsp | Loan amount ranges from US$30,000 to US$100,000 |
Large group credit (Village Banking) | Individual borrowers with active businesses Applicant must be 18 years or older group solidarity · At least 6 months of existence and business activity Granted with outstanding benefits nbsp | Flexible repayment period tailored according to ability or desire and borrowers · No need for a commercial license No collateral or security requirements to get the loan · Competitive interest rate · Is accessible, for a number of cycles insofar as the customer repays well nbsp | Relatively large loan volumes up to US$3,000 nbsp Individual loan amounts in the group ranging from US$100 to US$3,000 |
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Coverage area:
nbsp Kinshasa, Lubumbashi, Kolwezi, Likasi, Bukavu, Goma, Kamina
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Executive management
Avenue Tombalbaye, No. 1286
Crossing of Colonel Ebeya and Hospital avenues
Commune of Gombe, Kinshasa
Hours: Monday to Friday: 8:30 a.m. – 4:00 p.m.
Saturday 8:30 – 12:30
Contact: +243 8155 58 554