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FPM - Fonds Pour l'Inclusion Financière en RD Congo (Financial Inclusion Fund in DR Congo)
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Legal residence:Dem. Rep. Congo
Organization type:Consulting organization
Funding agencies: World Bank HQ, Other
Sectors: Micro-finance, Poverty Reduction, Social Development
Status:
Active
About
The FPM is a Fund whose vision is the reduction of poverty and the improvement of the living conditions of the populations in the DR Congo. It aims to support the construction and development of an inclusive and responsible financial system by offering technical assistance and refinancing services tailored to financial institutions that serve micro, small and medium-sized enterprises (MSMEs) and low-income working populations. revenues that have real development potential.
The FPM was institutionalized in 2010 as a non-profit association (ASBL) under Congolese law. In 2014, the sister vehicle, the FPM SA , was created to also ensure the refinancing of financial institutions in the DR Congo. The two entities have since been complementary: FPM ASBL provides technical assistance to financial institutions (Banks, Microfinance Institutions (MFIs) and Savings and Credit Cooperatives (COOPECs)) financing MSMEs, and FPM SA is dedicated to refinancing from the same financial institutions.
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