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Société de Microfinance GUILGAL

Microfinance institution in D.R.C. that offers consumer credit for clean cooking solutions

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TECHNOLOGY AND BUSINESS MODEL

Consumer finance provider for clean cooking solutions

COUNTRIES OF OPERATION

Democratic Republic of Congo

E&S RISK CLASSIFICATION

FI-3 - Low Risk

SPARK+ INVESTMENT

$1.45 million senior unsecured debt investment

USE OF PROCEEDS

Capital for on-lending to consumers for the purchase of clean cooking solutions  

WEBSITE

Guilgal Cooperative was created in 2012 in Kinshasa as an initiative of the Chairman of the Microfinance Chair of the Protestant University in Congo, Professor Kalala. In 2020, the MFI converted into a company limited by shares. The MFI offers several products such as group loans, individual loans, deposits, and various green microfinance loans, including for clean cooking products. Since its inception, Guilgal has expanded its reach and now provides services to more than 70k depositors and borrowers through a network of nine branches.

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