FPM SA represented by its Managing Director, Mr. Patrick NKONGO signed, this Monday 08 April 2024, at EquityBCDC’s headquarters in Kinshasa, a financing contract with EquityBCDC Bank, represented by its Managing Director, Mr. Celestin MUKEBA.

With an estimated value of USD 5,000,000, the 5-year senior loan to EquityBCDC is designed to help the bank pursue its growth and consolidate its existing activities, namely the provision of credit to Micro, Small and Medium-sized Enterprises (“MSMEs”).

Eager to develop synergies and innovative programs to promote the middle class and contribute to poverty reduction, FPM SA, through this partnership with EquityBCDC, aims to support the local financial sector by facilitating conditions of access to financing in order to support the process of financial inclusion in the DRC.

EquityBCDC became a subsidiary of Equity Group Holdings Plc, following the acquisition of the majority of BCDC shares by EGH in July 2020. Established in the DRC since 1909, EquityBCDC facilitates access to banking services for all and finances Micro, Small, Medium and Large Enterprises, notably through inclusive financial products and services that socially and economically strengthen consumers, businesses and communities.

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 23,432,100 USD, a volume of funds under loan management of 120,000,000 USD. 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).