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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

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:

angle-left Financial Institution for Development Works – IFOD

Financial Institution for Development Works – IFOD

The Microfinance company quotFinancial Institution for Development Worksquot, Limited Company with Board of Directors, SMF IFOD SA with CA in acronym, was initiated by the National Episcopal Conference of Congo (CENCO in acronym) to promote social development. -economic of the Congolese population.

IFOD is operational only in the capital Kinshasa.

nbsp Type of loans organized by the SMF IFOD:

  • Group Commercial Credit (LISANGA) : is a loan granted to a group of people each carrying out a lucrative commercial activity. The interest rate as well as the repayment schedule remain the most interesting;

  • Individual Commercial Credit (MOMBONGO) : it was specially designed for tenants of income-generating activities. This offer has the advantage of strengthening your capital for business growth. It is granted according to the performance indicators presented by the commercial activity;

  • Salary Credit : is a loan benefit granted to customers for whom SMF IFOD SA provides the PAY ROLL . Reimbursement is planned in such a way as to maintain the client's financial balance.

  • SME credit : This is a loan granted to formal companies, more or less structured, with social capital and complying with the legislation relating to small and medium-sized enterprises. The loan amount is more than 10,001 USD, the loan term can be up to two years with a competitive interest rate.

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Contact :

P +243 829 884 800

P +243 829 884 809

M marketing@ifodsa.cd

Facebook: https://www.facebook.com/ifodsa/

Website: https://www.ifodsa.cd/services.html

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