Incofin cvso supports the enhancement of financial inclusion in DR Congo
This is the second time in less than three years that the financial inclusion fund FPM has decided to invest in the savings and credit cooperative CAHI. The loan was signed at CAHI’s head office in Bukavu in South Kivu. This enables the cooperative to increase its credit portfolio and to actively intervene in the microfinance market. Incofin cvso invests in it through an indirect participation in FPM.
CAHI focuses on supporting micro, small and medium-sized enterprises and people with a low income in South Kivu. ‘This financial support from FPM will enable us to enhance our growth. Then we may consider an expansion in other poor villages and towns where they have no financial institutions yet’, says Patient Choya, manager of CAHI.
With this financial support FPM aims to contribute through CAHI to the enhancement of financial inclusion in DR Congo. ‘Our mission is to strengthen financial institutions, whatever the circumstances. Of course the context is not favourable but what we should definitely not do is hold back when we sense that the institution truly needs us’, says Carlos Kalambay, director of FPM.
FPM is the only professional technical support fund in DR Congo supporting the microfinance sector. They support local and international financial institutions and banks to which they provide long-term financial and technical support. CAHI is one of the oldest cooperatives in South Kivu, and currently it is the largest microfinance institution in the province.
