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Contribution to financial inclusion in the DRC: the BDEAC and the Charden-Farell group reach a financing agreement

11/12/2022
Categories: Index/Markets

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The President of the Development Bank of Central African States (BDEAC), Dieudonne Evou Mekou, and the Deputy CEO of the Charden-Farell Group, Jean Paul Kihouari signed a financing agreement on December 7, 2022 in Brazzaville. This financing aims to relaunch the activities of this Congolese microfinance and to grant credit to users.

Signed in the presence of the Minister of Industrial Development and Private Sector Promotion, Antoine Nicéphore Thomas Fylla Saint-Eudes, the partnership contract aims to contribute to financial inclusion in the Republic of Congo and to the transformation of the Charden-Farell microfinance institution, created in 2003. According to Dieudonne Evou-Mekou, president of the BDEAC, this financing represents his institution's contribution to the post-Covid-19 economic recovery in Congo.

This is in fact a support for artisans, merchants, and development project leaders. According to the president of the BDEAC, “Through this transaction, the BDEAC is also strengthening its interventions in favor of the Congolese private sector. It contributes to the achievement of the bank's objectives. I would like to invite the Charden Farell Group to do everything possible to deserve the trust of the BDEAC, the resources made available must be exclusively used for the needs of the project.”

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