Burundi : Banking and Finance - global campaign to eradicate poverty - Mutec SA

Created under the initiative of the Burundian Diaspora living in Europe, the MUTEC "Mutualité d'Epargne et de Crédit" was approved as a Mutual Savings and Credit Mutual on May 13, 2004 by ministerial order 740 / cab with fully registered capital. released from 203 million Burundian francs, then inaugurated by the Minister of Communal Development on July 23, 2004. Two years later, MUTEC will be approved on December 29, 2006 as a microfinance establishment of the “limited company” category by the Bank of the Republic of Burundi (BRB) according to Act n ° D / 619/2006.