Equity BCDC | EquityBCDC launches the Libanga Account: an inclusive banking solution for the informal sector in the DRC

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True to its mission of financial inclusion and supporting all socio-economic groups, EquityBCDC announces the launch of the Libanga Account, an innovative, simple, and accessible banking solution designed to meet the needs of informal sector workers in the Democratic Republic of Congo.

The Libanga Account opens the doors of the formal financial system to millions of Congolese who, until now, have not had access to traditional banking services: motorcycle taxi drivers, market gardeners, small traders, domestic workers, nannies, refugees, and internally displaced persons.

With the Libanga Account, EquityBCDC offers attractive terms tailored to the daily lives of informal workers:

Zero account maintenance fees Opening from
USD 1 or CDF 2,900
Free local card
Free withdrawals and internal transfers
Monthly fee of only USD 0.25

Quick and easy account opening To open an account, simply:

Reside in the DRC
Present a valid ID (voter's card, passport, or driver's license)
Have a monthly income of less than USD 300

The Libanga Account is exclusively available through EquityBCDC Express agents and Libanga Ambassadors, who are stationed outside branches to guide and assist new customers.

By launching this product, EquityBCDC reaffirms its vision of championing the socio-economic prosperity of Africans, and Congolese people in particular. "The Libanga Account is a revolution for financial inclusion in the DRC." “We are finally giving informal sector workers the keys to access the banking system and seize real opportunities,” said Willy Mulamba, CEO of EquityBCDC. “Lobi te Lelo! Fungola Compte Libanga, zua ba avantages ekuba!”

About EquityBCDC

EquityBCDC is a subsidiary of Equity Group (EGH) Holdings Plc, following EGH’s acquisition of a majority stake in BCDC in July 2020. The bank has been operating in the DRC since 1909. EquityBCDC facilitates access to banking services for all and finances micro, small, medium, and large enterprises through inclusive financial products and services that empower consumers, businesses, and communities economically and socially. EquityBCDC's vision is to champion socio-economic prosperity for the people of Africa by transforming lives, restoring dignity, and creating opportunities for wealth creation.

Media Contact:

Lesly Tungwa

lesly.tungwa@equitybcdc.cd

Director of Communications and Marketing

Equity Commercial Bank of Congo

https://equitygroupholdings.com/cd/

Call Toll Free: 0800 211 178

Eazzy Banking

EquityBCDC launches the Libanga Account: an inclusive banking solution for the informal sector in the DRC

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