Handing over funds to Congolese entrepreneurs in Kinshasa
Monday, July 31, the Congo Entrepreneurship Guarantee Fund (FOGEC) organized a ceremony to hand over funds to micro, small and medium-sized enterprises in Kinshasa. In total, 1,800,000 USD were distributed to 90 business managers spread across 15 provinces of the DRC.
During this ceremony, the beneficiaries expressed their joy and gratitude for having obtained this funding. Some of them shared their journey and encouraged other Congolese entrepreneurs to apply to benefit from this funding.
The Director General of FOGEC, Laurent Munzemba, explained that this financing has a duration of three years with an interest rate of 5% per year. He also stressed that FOGEC’s mission is to help Congolese entrepreneurs access financing by negotiating more flexible credit conditions in their favor.
This project benefits from the partnership of ECOBANK and BGFI Bank, which support FOGEC in its mission to support Congolese entrepreneurs.
This initiative to provide funds to Congolese entrepreneurs is excellent news for the economic development of the DRC. It will support local businesses, stimulate entrepreneurship and create jobs.
FOGEC thus plays an essential role in supporting Congolese entrepreneurship by facilitating access to financing and creating an environment conducive to business growth.
This remittance of funds marks an important step in the development of the entrepreneurial sector in the DRC and demonstrates the commitment of the Congolese government to supporting the economic development of the country. It also encourages Congolese entrepreneurs to take initiatives and develop their activities, thus contributing to the economic prosperity of the nation.
In short, the delivery of funds by FOGEC to Congolese entrepreneurs is a laudable approach which promotes the economic development of the country and supports local entrepreneurship. It represents a valuable opportunity for Congolese entrepreneurs to realize their projects and actively contribute to the economic growth of the DRC.