Screening criteria

FPM ASBL applies a number of criteria to select its partner financial institutions, as such for:

  • MFIs and cooperatives, it is necessary:
  • To have been in operation for at least two years for existing PFIs, or
  • For PFIs (MFIs only) in a start-up phase, to have an equity level of more than USD 700,000 and a management with at least 5 years’ experience and/or a reference shareholder and be approved by the Central Bank of Congo;

PFIs that have been in existence for more than two years, should have audited accounts (at least for the last year) by an internationally recognized firm or a national firm recognized by the Central Bank.

 

  • Banks, it is necessary:
  • for universal banks targeting SMEs: to have been in business for at least two years and demonstrate willingness to integrate SMEs as a strategic segment;
  • for SME banks: to have been in business for at least two years and have an approval from the Central Bank of Congo;

It is also crucial to have audited accounts for at least the last two years from an internationally recognized firm or a national firm recognized by the Central Bank. For more information, contact us here


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