Overcoming Financial Barriers for SMEs and Startups in the DRC: Leveraging Digital Financial Services for an Effective Entrepreneurial Ecosystem

Surmonter les obstacles financiers pour les PME et les start-ups en RDC: tirer parti des services financiers numériques pour mettre en place un écosystème entrepreneurial efficace

Pépin Ilonga N’kupo, Loredana Cultrera and Mélanie Croquet
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Pépin Ilonga N’kupo: UMONS - Université de Mons = University of Mons
Loredana Cultrera: UMONS - Université de Mons = University of Mons
Mélanie Croquet: UMONS - Université de Mons = University of Mons

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Abstract: Digital technologies, in particular mobile money platforms, have made a significant contribution to economic growth in Sub Saharan Africa (SSA) by improving productivity, employment, and investment. However, access to these technologies is uneven across and within countries, affecting the ability of businesses to use them effectively. Despite the growth of mobile money, small and medium enterprises (SMEs) and startups in the Democratic Republic of Congo (DRC) face significant obstacles in accessing finance, hindering their development and the country's economic prosperity. This chapter aims to assess the impact of digital financial services (DFS) on SME development in DRC, focusing on how these technologies can improve access to finance and foster entrepreneurship, uses a mixed effects to capture the random, fixed variations of the model combined with structural equation modeling (SEM), allows to analyze direct relationships between variables and examine interrelationships within the entrepreneurial ecosystem. The study fills a gap in the literature about the role of DFS in stimulating entrepreneurship in Central Africa, particularly in the DRC, provides information for policymakers and financial institutions to develop strategies that improve SMEs access to finance. The findings underline the importance of creating a favorable socio-economic and political environment to maximize the benefits of digital financial services, policymakers and financial institutions can leverage mobile money and crowdfunding to support SME growth, and thus stimulate economic development in the DRC.

Keywords: Entrepreneurship; Crowdfunding; Democratic Republic of the Congo (DRC); Mobile Money; Digital Financial Services (DFS) (search for similar items in EconPapers)
Date: 2026
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Published in Open Journal of Business and Management, 2026, 14 (01), pp.724-755. ⟨10.4236/ojbm.2026.141043⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05773485

DOI: 10.4236/ojbm.2026.141043

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