OXUS DR Congo started its activities in July 2013. OXUS DR Congo is a “Greenfield” microfinance institution financed by OXUS Holding, Proparco and I&P. This project is also supported by the grants provided by Cordaid, by the French Development Agency (AFD) and by the European Union through the ACP / EU Microfinance program.

OXUS DR Congo started its activities in the province of Kinshasa and has now three branches: two in the capital city and one in Kikwit. OXUS DRC counts on extending quickly towards zones underserved in range of financial services. Before 2018, OXUS DR Congo plans to have set up a network of about fifteen branches distributed across various regions of the country.


Since the end of the Second Congo War (1998-2003), the economic situation of the DRC has improved with a GDP growing on average more than 6% per year after dropping of 40% between 1995 and 2000. However, the level of development remains still very low: last estimates in 2006 put the population still living below the poverty line at 64%.

Democratic Republic of the Congo represents however a great potential country: the MFIs’ total portfolio was only USD 62 million at the end of July, 2010 (2) and only few actors are really established, and concentrate their activity essentially in Kinshasa and in Bas-Congo. Although in development, the classic banking sector remains fragile and supports partially the economic growth of the country. Furthermore, banks do not target at present the micro-entrepreneurs and the working poor. The needs of financial services are thus immense and diverse, in particular in the rural zones where the rate of penetration remains the lowest.

OXUS’s experiences in other regions affected by conflicts guided its products’ development strategy in DRC. OXUS DR Congo provides to its clients a diversified range of credit products aiming at the small groups of merchants and the small and medium-sized individual companies. In the short term, OXUS DR Congo will also propose a range of products from savings to international money transfer.

Since its origins, OXUS Group has always granted a particular interest to the protection of its customers. OXUS DR Congo will thus propose ethical activities of microfinance guaranteeing among others, over-indebtedness’s prevention, transparency of the interest rates and the clients’ data privacy.

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Oliver Hesch – Chief Executive Officer

Oliver Hesch has been CEO of Access Bank Liberia for the past 4 ½ years. Previously, Oliver has been Deputy Manager of an IT company in Congo (OFIS) after successfully spending 10 years in France in a bank (Credit Agricole Indosuez), public financial institutions (CDC Participations and French Pension Reserve Fund) and an investment fund (Althenor Capital) as Investment Director. Oliver, German citizen and 48, holds an MBA in International Business from the European Business School (EBS) and a Masters of Public Administration from the Ecole Nationale d’Administration (ENA). Oliver will be based in Kinshasa and in charge of taking over the leadership of OXUS DRC and managing its development.


Martin Pitshou Khiendo – Operations Manager

Martin graduated in economy from the University of Kinshasa in 2002. He worked 8 years for FINCA, first as responsible of individual credit and training for FINCA DRC, then as regional specialist of credit formation for the African Region of FINCA. He joined OXUS DRC as Operations Manager in June 2012.


Joël Kabuya Kanyinda – Chief Financial Officer

Joel graduated in Financial Management from the University of Kinshasa since 2007 and a master degree in audit and accounting of the Haute Ecole Francisco Ferrer obtained in 2013, Joel is a Chartered Accountant of the Institute of Chartered Accountants in DRC. He has 7 years of experience in external audit and consulting including 5 years at PricewaterhouseCoopers DRC, working as manager in audit and advisory assignments in the banking and financial services sector and 2 years in the Belgian firm audit CDP Partners, member of UHY International. Joel joined OXUS DRC as Chief Financial Officer in December 2014.


139 bis Avenue Kasa Vubu, Commune de Bandalunga, Kinshasa

Email: kinshasa@oxus-cd.org

Notes :

(1) Source: Department of Monetary Policy – Central Bank of the Congo

(2) Source: FPM – Outstanding Loan Balance and deposit of MFIs financed by FMP as of July 2010.