On December 29, 2023, FPM SA, through the DRC Ministry of Finance, here represented by the CFEF, received the first instalment of the €20 million refinancing line disbursed by the German Cooperation, via KFW, in favor of Congolese MSMEs.

The aim of this grant is to support MSMEs affected by the Covid-19 pandemic and/or MSMEs vulnerable to the impact of future macroeconomic disruption, in order to support their economic development and enable them to maintain or increase the employment they generate. This objective will be coupled with the promotion of thematic financing for gender, energy, youth and agriculture.

The financing is divided into three components:

• A €15 million refinancing line for target partner financial institutions (PFIs): banks with a focus on MSMEs, microfinance institutions and savings and credit cooperatives. This financing meets the liquidity needs of IFPs operating in the Congolese financial intermediation market, and is designed to support their ability to increase their loan portfolios for the benefit of MSMEs.
• A €4 million portfolio guarantee. The guarantee is an instrument for sharing the counterparty risk incurred on some of the MSMEs benefiting from the financing;
• €1 million in project management costs of.

Within the framework of German-Congolese cooperation, KFW, the German Development Bank, operates in the Democratic Republic of Congo on behalf of the Federal Republic of Germany.These interventions are in the following sectors: biodiversity, water, energy, peace, social cohesion, building resilience and sustainable economic development.

Within the framework of bilateral cooperation via financial cooperation and under the responsibility of KfW, the government of the Republic of Germany subsidizes projects aimed at improving the living conditions of the Congolese population.

KfW is represented in Kinshasa by an office with more than 10 staff.

About FPM SA

FPM SA is a financial institution approved by the Central Bank as a financial company since 2015 with nearly USD 120 million in funds under management. Created by institutional shareholders KFW, CORDAID, BIO and INCOFIN CVSO, FPM SA’s mission is to promote the development of MSMEs and the financial empowerment of low-income people through financial inclusion in the Democratic Republic of Congo.