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Financing Very Small Businesses: ACEP spends a total of 404 billion CFA francs in 15 years

12/02/2024
Source : ORISHAS FINANCE
Categories: Sectors

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The Credit Agency for Private Enterprise (ACEP) announced on the occasion of the celebration of its 25th anniversary that it had granted a total of 404 billion FCFA in credits over the last 15 years.

ACEP has obtained 76 billion CFA francs in support over the past 15 years from its financial partners such as investment funds Investors & Partners (I&P), the French Development Agency (AFD) or even some local banks. They supported him in financing VSEs and rural actors. ACEP is a microfinance company focused on SMEs and the rural world. According to ACEP officials, 57 billion FCFA went to the rural sector, including 21 billion FCFA in

agricultural financing.
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