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Guilgal Issue 1: 5.5% Bond

24 months to mature 5.5% interest

Guilgal Issue 1: 5.5% Bond



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invested £3,800 (on average) will provide microfinance to a client

Guilgal provides financial and nonfinancial services to low-income individuals, groups and businesses in the DRC

households 50 - 80 - microfinance clients will benefit

Guilgal will be able to reach approximately 50 - 80 clients with £250,000 raised from this issue

Guilgal SA's mission is to provide loans to micro and small entrepreneurs who have limited access to traditional financial services. It was founded in 2012 by Frederic Kalala Tshimpaka, PhD who wrote his PhD dissertation on the Congolese MFI market and worked in the sector for the World Bank and the German government.

Guilgal's vision is to grow to become a leader in green microfinancing in the DRC, and to become a benchmark for other microfinance institutions.

About Guilgal SA

  • Founded in 2012
  • Offices in Kinshasa, Kongo Central, Kwilu and Kasai Central
  • Over 300 employees
  • Loan portfolio of over USD 8m
  • Projected portfolio of USD 24m by the end of 2024
  • Over 7,000 active clients, of whom over 50% are women
  • Future expansion focus on financing green energy products
  • Key product information

    Issuer: Guilgal SA

    Issuing Country: Democratic Republic of the Congo

    Investment target: £250,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 24 months

    Expected interest rate: 5.5% per annum

    Withholding tax rate: 20% (applicable to UK residents who do not invest within an IF ISA)

    Interest payment frequency: 6 monthly

    Capital repayment: 6 monthly

    Financial instrument: Promissory note / interest bearing bond

    Security: Unsecured

    Key risks

    This is a bond issued by a single company (rather than a saving product) and therefore it is recommended that you are careful with the amount you invest.

    You must read the offer document (provided below) where a statement of risks is presented, particularly in section 5 – Risk Analysis Overview


    What the project investment will enable

    Every £3,800 invested in this project will enable Guilgal to provide microfinance to one new client. In total, the project will enable the company to provide microfinance to 50 to 80 clients.

    Guilgal's mission is to provide financial and nonfinancial services to low-income individuals, groups and businesses in the DRC, especially small traders, promoters of bankable projects and farmers in order to contribute significantly and sustainably to the improvement of their living conditions, while preserving the environment.

    Guilgal has introduced products with an environmental benefit and is seeking to develop this portfolio. These are Green Energy Credit, providing financing for the installation of solar panels and related equipment for income generating use or as home improvement financing; and, Green Agri Credit: providing technical assistance alongside agri loans to train clients on clean techniques and inputs for the environment.

    Guilgal is committed to ethical practices as mandated by the microfinance regulation, and is a member of two important networks that encourage good practice: MAIN network (Microfinance African Institutions Network), and ANIMF (National Association of Microfinance Institutions).

    Guilgal S.A.

    The company aims to raise £250,00 from this bond issue and will use the funds to reach approximately 50 to 80 clients.

    With almost 10 years of operations, Guilgal is one of the pioneering microfinance companies in the DRC, and is mainly active in rural areas where access to finance is otherwise limited. The company has 7 branches and is currently opening 3 more, with a total headcount of over 300 people.

    Sustainable Development Goals

    Microfinance is reaching people without access to financial services, enabling them to invest in their businesses, to improve their quality of life and to weather economic shocks better. (60 Decibels Microfinance Index -

    Social Impact

    Social Impact

    Guilgal microfinance helps clients to help themselves, delivering impacts in line with the United Nations Sustainable Development Goals

    Gender Equality

    Over 50% of Guilgal's clients are women

    Decent Work and Economic Growth

    The majority of Guilgal's loans are directed towards income generating activities

    Reduced Inequalities

    Guilgal is primarily active in rural areas where people have very limited access to financial services

    Environmental Impact

    Environmental Impact

    Guilgal microfinance has supported businesses that are delivering impact on the UN Sustainable Development Goals to protect the environment and prevent climate change. Guilgal's Green Energy Credit and Green Agri Credit products are accelerating these impacts

    Affordable and Clean Energy

    Guilgal's Green Energy Credit provides financing for the installation of solar panels and related equipment for income generating use or as home improvement financing

    Climate Action

    Guilgal's Green Agri Credit provides technical assistance alongside agri loans to support sustainable practices

    Responsible Consumption and Production

    Guilgal microfinance has helped one client to significantly expand his business manufacturing paving stones and other products from waste plastic

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      Offer Documents

      Guilgal Issue 1 Offer Document (Log In to download)


    Frequently Asked Questions