Back to the newsPAIDEK is a microfinance company founded almost 20 years ago, which started out by providing loans to rural communities in Kivu. Its lending activities were aimed at the most disadvantaged segments of this region, promoting group lending. It has been professionalized and transformed to develop a more diversified credit offering, particularly in urban areas.
“PAIDEK’s working area covers the country’s two central-eastern provinces: North Kivu and South Kivu. These provinces are both highly agricultural and highly commercial. The proximity of the borders and the presence of raw materials in the subsoil encourage the circulation of money in these two provinces.
Historically, microfinance in the DRC has been concentrated in the Kivus and the west with Kinshasa. Today, a range of players (COOPECs, companies) are trying to meet the needs of customers, mainly in urban areas”.
PAIDEK operates in North and South Kivu with 09 branches, including 03 in rural areas, providing financial services (loans) to nearly 3,000 borrowers. PAIDEK has recently started offering savings services in all its branches.
