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Agreement between AGF and BCI Senegal: SMEs now have a guarantee of between 50% and 70%.

27/09/2022
Categories: Companies

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A partnership agreement was signed on Thursday, September 22 by the BCI Senegal bank. This agreement grants 50% to 70% of credit guarantee to the clients of their portfolios to the BCI Senegal, for the credits granted in favor of Small and Medium Enterprises.

In collaboration with the National Agency for the Development and Support of Small and Medium Enterprises (ADEPME), the Bank of Commerce and Industry (BCI Senegal) has concluded a partnership agreement. This agreement allows all SME/SMI clients of ADEPME and eligible to benefit from the provisions of the agreement between BCI Senegal and AGF, in terms of credit guarantee and capacity building. For Pape Mody Ndiaye, General Manager of the Bank of Commerce and Industry of Senegal, "The first envelope that AGF has granted us as a portfolio guarantee is about 2 billion FCFA. This allows us to take care of the requests within a reasonable time. The duration of the guarantee is 5 years. We must ensure that the levels of repayment are over this period knowing that it covers financing for investments and operations.

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