DRC: SMEs calling for easier access to credit

Jun 22, 2011

Managers of small and medium-sized enterprises have urged banks and the Government to relax rules on accessing credit.

They pleaded for reforms during a workshop discussing the link between access to banking services and local investment organised on June 17th in Kinshasa by the National Office for Investment Promotion (ANAPI), Le Potentiel newspaper reports.

The main banks and several SMEs attended, with companies saying they want to act as one group in order to submit several solutions to solve their financial problems.

ANAPI's director, Mathias Bwabwa wa Kayembe announced that a report will be forwarded to the government at the end of the workshop, including all of the recommendations from the participants.

Among the suggested strategies, Mr Kayembe said that he wishes to establish a closer relation between banks and SMEs and an understanding between existing commercial banks, reports the news source.

Other solutions could be brought by Development Finance Institutions. For example, last month, the United States Agency for International Development formed a partnership with the International Bank for Africa in Congo to implement a support programme providing loans to SMEs in the agricultural sector.