Congolese organization the Impulse, Guarantee, and Support Fund (FIGA)
has granted on January 22 a $23.4 million guarantee line to small- and medium-sized enterprises (SMEs) in the
Republic of Congo.
This initiative represents a crucial step in transforming the national entrepreneurial ecosystem, as FIGA has increased its guarantee limits and eased eligibility criteria to broaden access to financing.
Banks such as the Congolese Housing Bank, the Sino-Congolese Bank for Africa and the Postal Bank, along with non-financial partners like the National Fund for Employment and Apprenticeship Support, the National Union of Economic Operators of Congo (UNOC) and the Directorate General of Land Transport, took part in the initiative.
FIGA also introduced the "Omega" program, a partnership with UNOC designed to help micro-enterprises transition to more sustainable and competitive business models.