Signature of the partnership agreement between FPM ASBL and AFRILAND
FPM signed a technical assistance partnership on November 19, 2018 with Afriland First Bank CD, a subsidiary of the Cameroonian group Afriland to provide this bank with support in improving the service offer for Micro, Small and medium-sized enterprises (MSMEs) and low-income households.
Knowing the many challenges inherent in such a strategic orientation, FPM ASBL technically supports Afriland Bank in repositioning itself by integrating the MSME segment as one of the bank’s institutional development bases for the coming years.
The support of FPM ASBL will essentially consist in providing the bank with its experience gained in the Congolese market with a view to developing an adequate strategy for offering services to this segment in an efficient and less risky manner, particularly in the implementation of the infrastructure, organization and tools needed to manage its customers micro, small and medium businesses.
Established in the DRC since 2005, Afriland is anxious to expand its social reach in the DR Congo through the SME department to contribute to both the socio-economic development of the country but also to diversify its business portfolio.
As a reminder, FPM, Fund for Financial Inclusion in DR Congo is a fund that contributes to the reduction of poverty in DR Congo by promoting the development of a sustainable offer of financial services accessible to Micro, Small and Medium Enterprises ( MSME) and low-income populations.
To achieve this, FPM relies on financial institutions to provide technical assistance and financing. Technical assistance services include the following:
– Direct technical assistance (for the benefit of partner financial institutions);
– Forums and training for Congolese financial market professionals;
– Market studies to improve financial inclusion.
Thanks to its network of 13 agencies in DR Congo, Afriland first bank is a pan-African bank based in the DR Congo since 2005 with the aim of participating in the financing of the public and private sector through traditional banking services and specialized financial services. It is a subsidiary of Afriland Firsts Group which, for more than 25 years, has been working to “give back to the African his dignity and his pride of belonging to a great civilization and the emergence of a new class of entrepreneurs and African leaders able to take up the challenge of globalization “. Afriland First Group is headquartered in Geneva, Switzerland and present in ten countries in Africa (Cameroon, Equatorial Guinea, Sao Tome and Principe, Liberia, Zambia, Benin, South Sudan, Guinea, Ivory Coast, DRC and the Republic of from Congo …).