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Support for Senegalese SMEs: framework agreement between AGF and BGFIBank

31/10/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Dans l' intention de renforcer l' accès au financement des Small and Medium Enterprises (SMEs) in Africa, the African Guarantee Fund Group (AGF) and the BGFIBank Group have concluded a framework agreement.

The collaboration agreement between AGF and BGFIBank aims to offer a portfolio guarantee facilitating the support of SMEs in terms of financing, for a global coverage envelope of 3 billion CFA francs. The main objective of this collaboration is to encourage and facilitate the granting of credit to Senegalese SMEs in general with a particular emphasis on loans intended for female entrepreneurship and projects eligible for green financing. The signing of this contract marks a new stage in the financial support of Senegalese SMEs, ensuring a promising future for these companies. Through this agreement, BGFIBank and AGF reaffirm their commitment to supporting entrepreneurial initiatives and to contributing to the sustainable development of SMEs, by offering financial solutions

adapted to their needs.

About BGFIBank Senegal

BGFIBank Senegal has been positioned since 2015 as a quality financial portal and as such develops a wide range of efficient products and services. This has a network of 07 branches and intends to position itself as a reference bank by investing in the development of the range of products and services, and the strengthening of customer proximity

.

About African Guarantee Fund (AGF)

African Guarantee Fund (AGF) is a specialized guarantee provider whose mission is to facilitate economic development and poverty reduction in Africa. AGF has released over 4.3 billion USD for financing SMEs, through partnerships with 250 financial institutions in 43

African countries.
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