PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601566

Primary Business Area

Financial Institutions Group

Disclosure Date

Dec 21, 2017

Country

Congo, Democratic Republic of

Region

Africa

IFC Approval Date

Dec 8, 2016

Status

Completed

Estimated Total Budget

$982,177.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated Start Date

Oct 16, 2016

Project Estimated End Date

Oct 31, 2018

Project Description

The Partnership for Financial Inclusion is a $37.4 million joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance digital financial services in Sub-Saharan Africa. The Partnership has already supported a 3 year project with FINCA to expand access to finance in DRC via agent banking. This second phase project will help FINCA to strengthen the core business and consolidate the gains from the agent network, in order to build necessary foundation for becoming DRCs leading mass market financial institution.

Development Results

E&S Risks / Impacts and Mitigation