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