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The proposed project is a senior loan of up to US$3.5m to Advans Banque Congo. Advans Banque Congo is a microfinance bank in the Democratic Republic of the Congo, operating since 2009. The bank focuses on providing financial services to micro and small and medium enterprises (“MSMEs”) and low-income households. The proposed loan will allow the bank to further expand its lending to low income individuals and micro and small and medium enterprises (MSMEs) in the provincial areas of the Democratic Republic of the Congo
Status
Active
Start Date
2017
Donor
Funding Instrument
Country
Region
Thematic
Unique ID
293
Amount in USD (in million)
3.50