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Support for microfinance: Express Union receives a loan of 630 million CFA francs

05/06/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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Express Union Chad obtained a loan of 630 million CFA francs (about 930,000 euros) over a period of three years. This loan is part of a co-financing with the International Finance Corporation, a subsidiary of the World Bank

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The financing granted by IFC will help develop the microfinance activities of Express Union Chad, by providing credit and deposit solutions to micro, small and medium-sized enterprises (MSMEs) in search of financing, in order to support their economic activity and contribute to the creation of wealth. According to the General Manager of Express Union Chad, Dongmo Djumazong Ebenzer, offers local financial services to people excluded from the traditional banking system, in order to improve their living conditions. This loan will allow Express Union Chad to strengthen its financial capacity in order to meet the needs of micro, small and medium-sized enterprises (MSMEs) and low-income households

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