The FPM ASBL represented by its Director General, Mr. Jean Claude THETIKA signed on Wednesday 27/10/2021 in Bukavu a technical assistance contract with the MFI PAIDEK sa, represented by its Director General Mr. René RAMAZANI MUSONGO. By signing this technical assistance partnership, the FPM ASBL (FPM’s technical assistance vehicle) and the MFI PAIDEK sa intend to jointly contribute to a better offer in favour of the DRC’s #SMEs and low-income people, which constitute a strategic sector for the country’s development. This partnership aims to strengthen the institutional foundations of the MFI PAIDEK sa in order to enable it to better exploit its growth...
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The FPM SA has signed a financing agreement with the Microfinance Company SMICO SA established in Goma in the province of North Kivu. Indeed, it is through Mr. Carlos Kalambay KABANGU, Managing Director of FPM SA and Mr. Pacifique NDAGANO, Managing Director of SMICO SA that the official signing ceremony took place. In his speech, Mr. Carlos Kalambay KABANGU noted that the granting of this new financing is a pride for this financial company in the accomplishment of its role, that of offering to banks, COOPEC and MFIs the capacity to better serve in credits, the active low-income...
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FPM SA represented by its General Manager, Mr. Carlos KALAMBAY KABANGU signed, this Thursday 12 August 2021 at the headquarters of HEKIMA in the city of Goma a financing contract in favor of the MFI HEKIMA, represented by its General Manager M. Laurent Daddy YAMBA MENAYAME. In this time of health crisis and natural disasters that affect the province and by ricochet, the micro, small and medium enterprises, the FPM SA has deemed useful to support the MFI HEKIMA by granting a loan of 24 months maturity. This financial support will allow the latter to increase its credit portfolio. The loans will be intended for micro and small enterprise clients. The HEKIMA MFI is a microfinance institution operating in the Kivu regions (North and South Kivu) and was created in 2003 by World Relief, with financial support from USAID. It has undergone two institutional transformations: in 2007 it became a 2nd category microcredit company (without the possibility of collecting savings), then in 2017 with the support of the FPM ASBL it became a microfinance company, where it expanded its product and service offering (including...
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The FPM SA represented by its general manager, Mr. Carlos Kalambay signed, on Monday, August 9, 2021 at the headquarters of PAIDEK Bukavu a financing contract with the MFI PAIDEK SA, represented by its general manager Mr. René RAMAZANI MUSONGO. This is a financial support whose objective is to finance the growth of the portfolio of loans to SMEs. PAIDEK is an institution specialized in microfinance working since 1993 thanks to a program aiming at revitalizing the popular economy as well as the actions of microcredit in the North and the South Kivu of the RD...
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he FPM, for financial inclusion in DR Congo, through its financing vehicle, the FPM SA represented by its General Manager, Mr. Carlos KALAMBAY KABANGU signed, Tuesday, August 10, 2021 at the headquarters of BAGIRA in the city of Bukavu a financing contract in favor of the COOPEC, represented by its manager Mr. Christophe MUSHIZI BAGIRA is a savings and credit cooperative operating in Bukavu in the Democratic Republic of Congo since 1976. Its mission is to offer accessible, simple and reliable financial services to its members through a diversified offer such as – Housing credit, – commercial credit, – group credit and social credit etc. Note that COOPEC BAGIRA currently has 1 branch, however it is working effectively to improve and diversify its offer of financial products that contributes to the development of the economy in the region of South...
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FPM has signed a technical assistance partnership November 11, 2019 with CAMEC Mbanza-Ngungu in order to bring the savings and credit cooperative support in enhancing the service offering designed for Micro, Small and medium-sized enterprises (MSMEs) and low-income households. After a period of restructuring, CAMEC Mbanza-Ngungu wants to upgrade its range of financial products and services, adapting the institutional architecture to best practices. To do this, the support of FPM ASBL aims to consolidate the work already accomplished by the management team and to help perpetuate the achievements. FPM ASBL offers technical support in three sequential phases with suspensive conditions in order to increase the involvement and the degree of ownership. These include: (i) institutional audit to make an in-depth inventory credit, accounting and MIS, (ii) strengthening the institutional architecture to strengthen the essential pillars in the institution’s management and finally (iii) risk management and internal control to strengthen the audit system and internal control. Founded in 1988, CAMEC Mbanza-Ngungu is a savings and credit cooperative operating in the province of Kongo Central in the territory of Mbanza Ngungu. As of July 31, 2019, it had nearly 17,811 members, 34% of whom were women, compared to a sector average of 20%. However, this number remains low compared to the potential of the Mbanza-Ngungu territory, which has an active population of around 260,436 inhabitants. To recap, FPM, Financial Inclusion Fund in DR Congo is a Fund that contributes to poverty reduction in the DRC by promoting the development of a sustainable supply of financial services accessible to Micro, Small and Medium Enterprises (MSME) and to low-income populations. To achieve this, the FPM relies on financial institutions, to which it provides technical assistance services and financing. The technical assistance services include the following axes: Direct technical assistance (for the benefit of partner financial institutions); Forums and training for Congolese financial market professionals; Market research aimed at improving financial...
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