Brazzaville our sample!
According to the numerical data of the report of the mapping of the informal sector in Congo (http://www.csic2018.grhif.com) , our capital is full of almost half of the employees (46%) of the sector in the country. Hence the choice of the AccLab to deploy exclusively there.
This mapping mission in the field, conducted in the major markets of Brazzaville, and with incubators, startups, microfinance and commercial banks, allowed us to know a little more about the difficulties faced by these actors on a daily basis.
The difficulties encountered by the actors, a brake on the recovery of the informal sector.
Actors in the sector in general, mainly face very limited access to credit because of their lack of structure, entrepreneurial training and their inability to provide financial and material guarantees to financial entities. We found that there is a disagreement between traders and some microfinance institutions. They require them to provide guarantees even before they get the credit.
These guarantees are not returned to them by some microfinance, even when the loans are well repaid.
Conversely, some microfinance companies find it difficult to establish themselves in the city's markets due to a lack of guarantees for traders. The tax and customs pressure exerted on these actors, through the level of taxation of their activities by the State services, sometimes exceeds their turnover. The absence of the State throughout the chain of support for actors in this sector is a major bottleneck.
To better the approach, these challenges, some solutions with a financial majority developed were mapped during this mission. They made it possible to observe developments in the financing of the informal sector in Congo in order to contribute effectively to the UNDP Revolving Credit Fund mechanism.