\t\t
\t\t
\u2013 Microfinance and financial inclusion\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
![\"personne-recevant-nourriture-rue\"](\"https:\/\/rdc.yearbook-media.com\/wp-content\/uploads\/elementor\/thumbs\/personne-recevant-nourriture-rue-scaled-e1734549194927-r3clztc3ixwp4rw4jim6aaqqn196q7lda0a7855lxq.jpg\" "\\"person-receiving-street-food\\"")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\tThe importance and place of the microfinance sector in the inclusive development process of the Democratic Republic of Congo (DRC) is essential.\u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t \t\t The Board of Directors of the African Development Fund, the concessional lending window of the African Development Bank Group, approved, on December 1, 2022, the allocation of a $12 million grant to the DRC to implement the Financial Sector Development and Financial Inclusion Support Project in the country.<\/p>\n The funding will support reforms in the DRC's financial sector and improve the financial inclusion of rural populations, vulnerable populations \u2013 particularly women and young people \u2013 as well as micro, small and medium-sized enterprises. <\/p>\n In October 2019, the President of the Republic launched the Accelerated Presidential Program to Combat Poverty and Inequality in Kinshasa. This program aims to combat the multidimensional nature of poverty, which affects nearly 691,000 Congolese people living primarily in rural and peri-urban areas. Microfinance is proving to be the essential tool for achieving these goals. <\/p>\n The participation of the two professional microfinance organizations in the DRC (ANIMEF and APROCEC) in this program makes it possible to reach out to the most deprived, to reach people who cannot open accounts in major banks. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t \t\t Microfinance is a sector of activity (microcredit, savings, money transfers, and microinsurance) aimed at people who lack access to traditional financial institutions due to their poor socioeconomic profile. In the specific case of the DRC, the sector's expansion has started slowly.\u00a0<\/span><\/p> Financial technologies, or "fintech," and in particular the widespread adoption of mobile telephony, have facilitated the expansion of access to financial services for hard-to-reach populations at low cost and with minimal risk. Microfinance also serves to encourage small entrepreneurs and boost micro-entrepreneurs.<\/p> Since 2008, UNDP and UNCDF have been working together in the areas of microfinance and inclusive finance to help the DRC Government address development challenges, particularly those related to poverty reduction, inclusive growth, and inequality reduction. Through the ACTIF (Action, Change, Transformation through Financial Inclusion) project, UNDP and UNCDF, in partnership with the Swedish Embassy, are working to digitize savings and credit cooperatives and microfinance institutions in the DRC.<\/p> The Central Bank of Congo has created a website to help microfinance institutions submit their periodic statements and consult the various legal and regulatory texts in force: http:\/\/microfinance.bcc.cd\/.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t