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Launch of the FGPP in favor of SMEs: the DRC disburses 37 million USD

08/09/2023
Source : ORISHAS FINANCE
Categories: Sectors

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On Tuesday, September 5, 2023, the Partial Guarantee Fund for Credit Portfolios (FGPP) was launched in Kinshasa. It is funded to the tune of 37 million USD and is part of the second component of the Transform Project.

The second component of the Transforme Project, the fruit of the partnership between the Congolese Government, the World Bank and the DRC Financial Inclusion Fund, is dedicated to improving access to credit and financial inclusion for SMEs. For the Deputy Director General of the ASBL Fonds for Financial Inclusion (FPM), the institution's mission for the benefit of entrepreneurs is to allow women and young entrepreneurs who do not have sufficient guarantees to access finance. Ease warranty coverage requirements

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