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Programme d’Appui au Secteur de la Microfinance : Phase II (PASMIF II : 2010-2016) - Reports



The United Nations Development Programme (UNDP) and United Nations Capital Development Fund (UNCDF) have established a Joint Programme entitled "Programme d’Appui au Secteur de la Microfinance : Phase II (PASMIF II : 2010-2014)".

This Programme follows the strategic guidelines of the “Strategie Nationale de Microfinance” (SNMF) adopted by the Government of DRC and aims to reduce poverty and achieve the Millennium Development Goals (MDGs) by promoting an inclusive finance. PASMIF supports the development of a policy and a national microfinance strategy, as well as a legal and regulatory framework, in order to develop a sustainable, structured, and expanded access to financial services provided by microfinance institutions professionals.

Phase I of the "Programme d’Appui au Secteur de la Microfinance" was initially a joint initiative between the Government of the DRC, UNDP and UNCDF, whith an initial 3 year duration ending 31 December 2009. Given the strong demand for financial services in the DRC and its huge potential highlighted in the final evaluation of its first phase, it expanded to Phase II in order to consolidate the sector with innovative initiatives for greater financial inclusion in the DRC.

The ultimate beneficiaries are the disadvantaged and low-income populations, especially those excluded from local financial services in rural areas. Other direct beneficiaries include Financial Services Providers (PSF), institutions responsible for sector regulation (Minister of Finance, Central Bank of DRC, Ministry of Small and Medium Enterprises, National Committee for Microfinance and the Microfinance Promotion Fund), professional associations under the categories prescribed by law (IMF and Coopec), as well as private providers of technical services to IMFs.

With a 4 year duration, the total estimated budget of PASMIF II is $ 14,000,000.


Assistance Strategy

PASMIF is part of the Action Plan of the “Strategie Nationale de Microfinance” (SNMF), UNDP’s UNDAF for 2008-2012, and UNCDF’s Institutional Management Plan UNCDF for 2010-2013.

PASMIF II has the specific objective of capitalizing on the gains of the first phase of the programme by consolidating the capacity-building abilities of various stakeholders, at macro-, meso- and micro-economic levels, as well as   supporting the development of sustainable financial, qualitative, and accessible services to diverse disadvantaged populations in rural and urban areas.

The program strategy of PASMIF II will focus on (i) improving the regulatory and institutional framework, (ii) structuring of the profession; and (iii) capacity-building on aspects related to the effective and professional management of Microfinance Institutions and Saving and Credit Cooperatives, financial education and customer protection, financial transparency, risk management and the strengthening of partnerships between microfinance and other financial sector institutions (banks, insurance companies etc.). The expected outcomes are the following:

  • Outcome 1 [Macro level]: Enhanced and secured economic, legal, regulatory and institutional harmony.
  • Outcome 2 [Meso level]: Strengthened technical infrastructure of financial and inclusive finance.
  • Outcome 3 [Micro level]: Strengthened capacities offered and diversified products/services, especially for women and youth, by viable and sustainable creation/development of professional IMFs, particularly in  rural areas.
  • Outcome 4: Establishment of a Program Management Unit (PMU) for a joint/coherent implementation and support to the sector.

After four years, the results on beneficiaries should be the following: (i) a greater range of Financial Service Providers (PSF) provide support to approximately one million customers, i.e. twice as much that of Phase I, and among which 50% are women; (ii) at least 70% of supported PSFs having achieved operational self-sufficiency; (iii) greater amount/amplified first phase financial innovations and coverage on the national territory; (iv) further strengthening of the capacities of actors at the meso- and macro- levels; (v) updated National Microfinance Strategy (SNMF) and developing of a national strategy for financing micro and small enterprises; (vi) better sector coordination and (vii) continued support to the Action Plan for the DRC Central Bank.



PASMIF II supports the Government in implementing the “Strategie Nationale de Microfinance” (SNMF) and follows the guidelines of the Comite de Pilotage, in which the relevant national authorities are represented. Close work with the national counterparts of the program is undertaken to ensure a smooth implementation of the programme.

The Comite de Pilotage is the executive body and includes representatives of all stakeholders. It meets quarterly and is in charge of monitoring the Action Plan of the Strategy. It reports its activities to members of the Comité National de Microfinance. The presidency is rotational and non-renewable, and is open to all members for a one year period.

At macro- and meso- levels, support directed towards professional associations and other bodies of the SNMF will be implemented by a Programme Management Unit (UGP).The UGP team is in charge of supporting actions at macro and meso levels. UGP  will provide expertise and disseminate best practices to the authorities to facilitate  institutional and technical implementation of the SNMF, and act as technical advisor for UNDP, UNCDF and other partners. As such, support to the Banque Centrale du Congo, the establishment of professional associations and other actions decided by the Comite de Pilotage will be under the responsibility of the UGP.

At the micro level, the Microfinance Promotion Fund (FPM / ASBL) will succeed the Microfinance Promotion Fund (FPM), which operated so far under a project mode as part of PASMIF. The PASMIF II will contribute to the financing of the Microfinance Promotion Fund (FPM) now institutionalized in the form of a non-profit association (ASBL).

Support at micro-level operated under the FPM will follow FPM’s policy and procedure manual. Microfinance Promotion Fund (FPM / ASBL) is managed by a Technical Service Provider (TSP) who is reporting to the Board of Directors, the latter acting as the Investment Committee of FPM.

To see the governance structure, please click here.



Resources will come from UNDP and UNCDF, the Kreditanstalt für Wiederaufbau, the World Bank, as well as from contributions from donors and investors wishing to harmonize their efforts in supporting the microfinance sector.

Funding from UNDP and UNCDF will be in the form of direct grants from FPM. The DIM modality will be applied to those resources. The implementing partner appointed by UNDP and UNCDF will sit, on their behalf, in FPM’s Assemblee Generale and Conseil d’Administration –which will act as the Investment Committee of the Programme.

The Multi-Partner Trust Fund Office (MPTF Office) of the United Nations Development Programme (UNDP) will act as Administrative Agent (AA) for all "non core" resources mobilized for the program. The “non core” resources of the programmes are managed as a Joint Programme [JP – DRC Microfinance II], and the MDTF uses a pass-though mechanism for the distribution of funds in accordance with UNDP financial rules and regulations.

The AA is responsible for concluding Standard Administrative Arrangements (SAAs) with donors and Memorandum of Understanding (MoU) with Participating Organizations, as well as for the receipt, administration, and management of contributions from donors; the disbursement of funds to the Participating UN Organizations; the consolidation of financial reports produced by each of them, as well as for the submission of these reports to the donor(s).

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Key Figures
Funding Status
Participating Organizations are required to submit final year-end expenditures by April 30 in the following year; Interim expenditure figures are submitted on a voluntary basis and therefore current year figures are not final until the year-end expenditures have been submitted.
Total as of
Values in US$
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Funds with Administrative Agent
Contributions from Donors 9,439,206  
Interest and Investment Income (from Fund) 26,048  
Interest (from Participating Organizations) 2,523  
Refunds by Administrative Agent to Contributors -312,838  
Total source of funds   9,154,939
Transferred to Participating Organizations 9,344,788  
Refunds from Participating Organizations -284,407  
Administrative Agent Fee 94,392  
Direct Cost 0  
Bank Charges 166  
Total use of funds   9,154,939
Balance with Administrative Agent   0
As a percentage of deposits   0%
Funds with Participating Organizations
Transfers to Participation Organizations 9,344,788  
Total resources   9,344,788
Participating Organizations' Expenditure 9,060,381  
Refunds from Participating Organizations -284,407  
Total expenses     9,344,788
Balance with Participating Organizations   0
As a percentage of transfers   0%
Total Balance of Funds   0
As a percentage of deposits   0%
Delivery Analysis
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Administrative Agent Issues in DRC


Administrative Agent Issues in New York

Multi-Partner Trust Fund Office (MPTF Office), Bureau of Management, United Nations Development Programme; Fax: +1 212 906 6990;  

  • Ms Eva Sáenz de Jubera, Fund Portfolio Manager, Telephone: +1 212 906 6594; E-mail:
  • Mr Sean Chen, Portfolio Associate, Telephone: +1 212 906 6061; E-mail: 
  • Mr Aamir Maqsood Khan, Finance Specialist, Telephone: +1 212 906 6259; Email:
  • Ms Anita Bansi, Operation Associate (Finance), Telephone: +1 212 906 5529; E-mail:
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