PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599276

Primary Business Area

Access To Finance

Disclosure Date

Sep 8, 2013

Country

Congo, Democratic Republic of

Region

Africa

IFC Approval Date

May 21, 2013

Status

Completed

Estimated Total Budget

$1,975,400.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Dec 30, 2016

Project Description

This project will be implemented through FINCA International, Inc. which will support the scaling up of its affiliate operating in the Democratic Republic of Congo, FINCA DRC. FINCA DRCs vision is to be the leading full service, retail micro finance institution meeting the needs of the DRC market with a focus on the low-income segment. FINCA DRC sees savings as a significant driver of growth, and most importantly, provides its clientele with a secure place for their savings; thus, FINCA DRC will massively scale up savings mobilization in the coming years and will do so, in part, via the deployment and roll out of delivery channels. In the first two years FINCA DRC will focus on further penetrating the vast underserved markets of Kinshasa and Lubumbashi, adding a third region by third year of the project.

Development Results