Congo SA’s offices in Gombe, 407 Avenue du Roi Baudoin, FPM SA and Advans Congo SA signed loan agreements for senior and subordinated debt financing.

The senior debt of USD 2,800,000 is intended to finance the growth of the credit portfolio for micro, small and medium-sized enterprises over the medium and long term.

The subordinated debt of $700,000, with an 80% risk-sharing mechanism, will strengthen Advans Congo’s solvency and help accelerate its growth by financing entrepreneurs, while complying with regulatory monitoring indicators.

As a reminder, FPM SA is a financial company licensed by the Central Bank of Congo in February 2015. FPM SA has a share capital of USD 23,432,100, a volume of funds under loan management of USD 120,000,000. FPM SA’s shareholders include KfW (German Development Bank), BIO (Belgian Investment Company for Developing Countries), Cordaid (Dutch International Development Organization) and Incofin cvso (Cooperative Society with Limited Liability for Social Purposes