On the occasion of its 10ᵉ anniversary, FPM SA held a press conference this Monday, September 30, 2024, at 4:00 pm, in the prestigious Ubangi Room of the Hilton Hotel. The event marked a key milestone in the history of this institution, highlighting a decade of significant contributions to financial inclusion in the Democratic Republic of Congo (DRC).

Created in 2014, FPM SA has rapidly established itself as a key player in the Congolese financial sector. Through its support for financial institutions, FPM SA has enhanced access to financial services for micro, small and medium-sized enterprises (MSMEs) as well as low-income populations, contributing to the emergence of a more inclusive economic fabric.

A tangible impact after 10 years of activity

Over the past decade, FPM SA has recorded some remarkable achievements, testifying to its growing impact on the Congolese economy. These achievements include

• The disbursement of a credit volume reaching nearly 120 million USD;
• The granting of more than 480,000 loans to MSMEs via partner financial institutions;
• The launch of the Partial Portfolio Guarantee Fund (GPP) in collaboration with the World Bank and KFW, enabling financial institutions to de-risk their loan portfolios and grant loans to MSMEs excluded from the traditional financial sector.

Greater transparency : publication of the Pillar III Report

In accordance with instruction 55 of the Banque Centrale du Congo on market discipline, the Managing Director of FPM SA also published his Pillar III report to June 30, 2024. This report provides detailed quantitative and financial information, reflecting the financial health and risks to which the institution is exposed. The Pillar III report is of vital importance, as it ensures greater transparency in risk and solvency management, in line with the BCC’s regulatory requirements.

An ambitious future

Patrick NKONGO MAMBU, Managing Director of FPM SA, presented the institution’s future ambitions. Among the priorities, he emphasized the diversification of the portfolio with products dedicated to women, young entrepreneurs and startups, the agricultural and renewable energy sectors, housing finance, leasing and factoring. He also emphasized the continued support of financial institutions by increasing the volume of loans to better meet the needs of a rapidly expanding market.

An exceptional 2023 balance sheet

During the conference, the Managing Director of FPM SA, who is also Managing Director of FPM ASBL, presented the 2023 annual report. This report highlights the outstanding achievements of both institutions. Among these facts, FPM SA concluded a partnership of 37 million USD with the Congolese government for the management of a guarantee fund, facilitating the granting of credits to MSMEs for a total amount of 148 million USD and the receipt of the first tranche of 15 million EUR from the KfW financing line. At the same time, FPM ASBL has strengthened the capacities of over 212,000 MSMEs through 112 technical assistance projects. Together, these initiatives continue to support financial inclusion across the country, particularly for women, young entrepreneurs and projects linked to renewable energies and agriculture.

New Directors and Management approved by BCC

The Managing Director of FPM SA also gave a brief presentation of the new members of the Board of Directors and Management of FPM SA, recently approved by the Central Bank of Congo, whose skills and expertise strengthen the institution:

• Bruno Kambaja Mubalamata

Mr. Kambaja, approved by the Banque Centrale du Congo (BCC) as an independent director of FPM SA, has over 33 years’ experience with PricewaterhouseCoopers-RDC. A specialist in auditing and accounting revision, he has solid expertise in banking legislation in the DRC and OHADA. He has audited the Central Bank of Congo and coordinated several major financial projects.

• Yvonne Chika Nabintu

Ms. Chika, approved by the BCC as an independent director of FPM SA, holds an Executive MBA from Frankfurt Business School and a degree in International Public Law. With a wealth of experience in human resources management and leadership, she manages Hodari SARL and chaired the Board of Directors of Gracias Group, an agribusiness specialist financed by the World Bank and DFID.

• Séraphin Mukuta

Mr. Mukuta, recently approved by the BCC as Deputy Managing Director of FPM SA, has a degree in Commercial and Financial Management and nearly 15 years’ experience in the financial sector. He has held various management positions, notably at IMF Opportunity International and Microcred RDC. He is recognized for his budget management and leadership skills.

• Firmin Nyalulerha Zagabe

Mr Nyalulerha, approved by the BCC as FPM SA’s Risk and Compliance Director, has a degree in international law and over 10 years’ experience in risk and compliance management. He has held senior positions at Bank of Africa RDC and ProCredit Bank Congo, with expertise in financial security and internal control.

A partnership based on trust

FPM expresses its deep gratitude to all its shareholders and investors, whose unwavering support has enabled the company to achieve its ambitious objectives and position itself as a key player in the promotion of financial inclusion, in line with the Congolese government’s vision for 2028.