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Program of 7 billion FCFA in microcredits: agreements signed with 5 microfinance entities

11/07/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Le gouvernement gabonais pense stimuler l' économie du pays et favoriser la création d' emplois en offrant un financement essentiel pour la relance et la croissance des Small and medium mic Companies (MSMEs), which are struggling to get

funds from banks to expand.

Okoumé Capital, a subsidiary of the Gabonese Strategic Investment Fund, has signed agreements with 5 microfinance entities with the aim of setting up the Gabonese program for MSMEs. The agreements have been signed with entities such as SFE, EDG, Finam, Cofina and Sodec. According to Okoume Capital, which will monitor distribution and ensure compliance with contracts, these are institutions that will facilitate access to the credit line for entrepreneurs, “at an annual interest rate of 6% for amounts ranging from 200,000 to 1.5

million FCFA.”
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