Share the page
Supporting the private sector in Côte d'Ivoire
Project
-
Signature date
-
-
Location
-
Côte d'Ivoire
-
Financing tool
-
Financing amount (Euro)
-
15000000
-
Financing details
-
XOF 9,839,355,000 guarantee
-
Customer
-
SGBCI
-
Type of customer
-
Financial institution
-
Country of headquarters
-
Côte d'Ivoire
-
Project number
-
CCI1771
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco has allocated an ARIZ portfolio guarantee to its longstanding partner, Société Générale Côte d'Ivoire, to support local SMEs.
Client presentation
Société Générale Côte d'Ivoire (SGCI) is the main subsidiary of Société Générale (SG) in Sub-Saharan Africa and a key player in international trade finance in Côte d’Ivoire. SGCI’s activity in the SME segment is experiencing strong growth, in line with the strong ambitions of SG Group and the Grow with Africa strategy. SGCI is also the main partner of ARIZ in all AFD Group’s geographical areas of operation.
Project description
The project involves a portfolio guarantee which aims to share the credit risk taken by SGCI in the SME segment through loan operations. The objective is therefore to support growth in the activities of Ivorian small and medium-sized enterprises (SMEs). It is the fifth portfolio guarantee renewal for SGCI.
Project impact
This guarantee automatically covers 50% of each loan granted by the bank to eligible SMEs during the two years of allocation, meeting the criteria for the amount and maturity.
This operation demonstrates Proparcos priority of supporting the private sector in Côte d'Ivoire.