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Supporting SMEs in Cameroon with Société Générale Cameroon

Project

Financial services
Signature date
Location
Cameroon
Financing tool
Guarantee
Financing amount (Euro)
5000000
Financing details
XAF 3,279,785,000 guarantee
Customer
SGC
Type of customer
Financial institution
Project number
CCM1762
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This information is given at the time of signature, without prejudice to any developments in the operation/project.

Proparco has partnered with Société Générale Cameroon to support Cameroon’s SME fabric.

Client presentation

Société Générale Cameroon (SGC) was formed through the takeover of Banque Commerciale Africaine by Société Générale Group in 1947. SGC is a universal bank with a network of 36 branches located in 10 regions in Cameroon.

Project description

Proparco has signed a partnership with SGC, on behalf of AFD, under the Choose Africa Resilience program. The objective is to allow SGC to provide financing to financially sound small and medium-sized enterprises to cover their working capital needs, for a total amount of XAF 3,279,785,000, i.e. EUR 5m.  

Project impact

This new offer will allow SGC to supply the economic fabric of SMEs in the country with short-term financing, in addition to investment loans.