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Financing SMEs led by women: Ecobank Guinea launches the improved version of its Ellever Plus program

14/03/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The Ecobank Guinea group launched an improved version of its Ellever solution on Thursday 13 March 2025. This solution was designed to support the financing of small and medium-sized enterprises run by women, or focused on women within its Commercial Bank.

Ellever Plus is now expanding significantly. Its new version offers a wider range of financial and non-financial solutions, specifically adapted to women entrepreneurs in all of Ecobank's business areas, including Retail Banking, Commercial Banking and Corporate and Investment Banking. According to Diawadou Bah, CEO of Ecobank Guinea, this launch demonstrates the group's determination to support, strengthen and support businesses run by women or focused on women. Through this program, Ecobank Guinea offers women entrepreneurs mentoring with experts in the sector, networking opportunities in 33 African markets, as well as advice to structure and optimize their businesses. The director also said that “women innovate, create value and generate jobs. However, they face major challenges in terms of access to finance, the market and training.”

For this, “Ellever Plus is designed to go even further by offering them comprehensive support adapted to their needs. This new version of the program offers better access to financing, including unsecured loans of up to 50,000 USD. The conditions are more flexible, with the integration of clients with a banking history of only two years, compared to the usual three years required. Interest rates are competitive, and collateral requirements are relaxed and beneficial. The program also offers assistance for customer acquisition and access to new markets via our MoneSpace Commerce platform, as well as business management and leadership support through training courses and webinars. Finally, a loyalty program has been set up with discounts and exclusive benefits,” said Diawadou

Bah.
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