After Bukavu, Savings and Credit Cooperative Chahi Operational in Kinshasa

KINSHASA, DR Congo – The Chahi Savings and Credit Cooperative (CSCC) has officially launched its operations in Kinshasa, marking a significant expansion after over five decades of service in Bukavu, located in the conflict-affected South Kivu province. This move to the Congolese capital signifies a strategic decision to extend vital financial services to a broader population, with a particular focus on supporting members displaced by the ongoing insecurity in eastern regions.

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A major mutualist institution in the DRC must have a branch in Kinshasa. After 50 years of existence, it was important for us to get closer to the authorities and the community.

Patient Choya, the managing director of CSCC, emphasized that the establishment of a branch in Kinshasa is crucial for a major mutualist institution in the DRC. He highlighted the cooperative's commitment to accompanying members who have refused to collaborate with armed groups, offering them proximity services, savings, credit, and financial education. This initiative directly addresses the needs of vulnerable populations who have been forced to flee their homes due to escalating violence, providing a lifeline of financial support and stability.

The decision to open the Kinshasa branch was driven by the need for greater security and operational continuity. Choya explained that the cooperative's board chose a location offering more security guarantees, ensuring that services can be reliably delivered. This pragmatic approach acknowledges the challenging security landscape in parts of the DRC while demonstrating the cooperative's resilience and determination to serve its members effectively.

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Many members refused to collaborate with armed groups, and it was necessary for their institution to come and support them through proximity services, savings, credit, and financial education.

CSCC is actively seeking to broaden its reach, extending an invitation to small and medium-sized enterprises (SMEs), youth, and especially women. Choya specifically underscored the importance of supporting women, recognizing their pivotal role in bolstering the national economy. This expansion into Kinshasa is not merely about increasing membership; it's about fostering financial inclusion and community development, even amidst the persistent security challenges plaguing the eastern Democratic Republic of Congo. The cooperative aims to solidify its role in financing community initiatives and promoting economic empowerment across the nation.

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We want to get closer to everyone. That is why we call on SMEs, young people, and especially women. I particularly insist on supporting women, because they play an essential role in supporting the national economy.