The Democratic Republic of the Congo (DRC) struggles with a high poverty rate (61% in 2012), an income per capita among the lowest of the world (USD 220 in 2012), and an estimated 2.3 million displaced persons and refugees. Only 11% of adults has an account at a financial institution (compared to average of 29% in Sub-Saharan Africa and 94% in high-income OECD countries).
Established as an NGO in May 2003, and transformed into a financial institution early 2009, FINCA DRC is the largest African affiliate in the FINCA network. FINCA DRC has the broadest outreach of all microfinance institutions in the country, and is predominantly active in urban areas.
Triodos Microfinance Fund and Triodos Fair Share Fund have provided a loan to FINCA DRC. The loan will be used to strengthen the company's commitment to developing its product offering and increasing its outreach while saying true to its social mission.
KEY INDICATORS as of 31 December 2016:
- number of loan clients: 117,858
- average loan amount: EUR 646
- percentage female clients: 53%
- percentage rural clients: 0%
- number of savings clients: 249,687
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.