Democratic Republic of the Congo

Financial services

Funding granted

loan of 466 000€ *
(equivalent in local currency

Foundation partner

since 2014
(3 loans granted)

*Outstanding amount at grant value
Partner website

Context:

In 2015, agriculture accounted for 20.6% of GDP and employed a large percentage of the workforce. Despite a subsoil rich in mineral and natural resources, the DRC is marked by weak economic development and persistent poverty.

The Institution:

Created in 2013, BAOBOB RDC is a microfinance institution that has been operating since 2017. BAOBAB works to improve its range of financial products and thus contribute to the dynamism of the Congolese economy.

Impact:

The institution’s mission is to provide accessible, simple and reliable financial services to people excluded or underserved by the traditional financial system, in particular micro, small and medium-sized businesses.

News