FPM was created in 2007 on the initiative of the United Nations Development Programme (UNDP) and UNCDF, in close collaboration with the Government of DRC. KfW joined UNDP/UNCDF a year later, and then the World Bank shortly thereafter.
Originally, FPM was a component of the Microfinance Sector Support Programme (MSSP). It was authorized to operate as a non-profit organization under Congolese law in 2010 (ASBL). FPM then became a private entity with its own governance structure and capable of being sustained over time. The management of FPM was then entrusted to the Frankfurt School of Finance and Management, a German consulting firm based in Frankfurt.
The 2010 institutional transition enabled FPM to respond to the new challenges of development finance in DRC and to make significant progress, particularly in terms of effectiveness and efficiency.
At that time, FPM provided its partners mainly with technical assistance, although some refinancing was also done through an agreement with a commercial bank (BCDC) which was coupled with a guarantee mechanism. Naturally, this system was rather cumbersome and had obvious limitations. A non-profit organization is not an adequate tool for conducting refinancing operations.
The non-profit-making FPM has therefore worked to create a specific entity dedicated to refinancing.
Company Details
- Employees
- 92
- Founded
- -
- Address
- Immeuble Ecobank, Avenue Kasa-Vubu, N°2, Croisement Boulevard Du 30 Juin, Commune De La Gombe, Kinshasa,kinshasa,congo, The Democratic Republic Of The
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- fpm.cd
- HQ
- Kinshasa, Kinshasa
Fpm Questions
Fpm's website is fpm.cd
Fpm's LinkedIn profile is https://www.linkedin.com/company/fpm-asbl
Fpm has
92 employees.
View email and phone details for 92
employees at Fpm.
Fpm's industry is
Financial Services
Fpm's top competitors are
Ecobank Rdc,
Rawbank,
Firstbank Drc,
Imf Procfin S.a,
Crdb Bank Congo,
Fpm,
Equitybcdc,
Bensizwe,
Smf Ifod Sa,
Advans Congo.
Fpm's categories are Financial Services
Fpm's founding year is 2010
