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Proparco has allocated a EURIZ portfolio guarantee to its longstanding partner, Société Générale Côte d'Ivoire, to support Ivorian high-impact 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. 

Project description

This project involves a EURIZ portfolio guarantee which aims to support growth in the activities of Ivorian small and medium-sized enterprises (SMEs) in sectors with a high development impact: “green” SMEs and start-ups in their first three years, SMEs owned by women or young people (under 25) and SMEs operating in the agriculture, health, education and digital sectors.

Launched in May 2019 with the support of the European Union (EU) and the Organization of African, Caribbean and Pacific States (OACPS), the EURIZ guarantee aims to facilitate access to credit for MSMEs, in particular in sectors with a high development impact, in order to help them play their essential role in economic growth and job creation.

Project impact

This EURIZ guarantee automatically covers 70% of each loan granted by the bank to eligible SMEs during the two years of allocation, meeting the criteria for the amount and maturity in the eligible sectors.
This operation demonstrates Proparco’s priority of supporting the private sector in Côte d'Ivoire, in particular in high-impact sectors. 

06/01/2022
Date of signature of the project
Côte d'Ivoire
Location
Financing tool
5 000 000 Euros
Amount of funding
XOF 3,279,785,000 guarantee
Financing details
financing program
SGBCI
Client

The content of this project information sheet falls under the sole responsibility of the Proparco and does not necessarily reflect the opinions of the European Union and the African, Caribbean and Pacific Group of States (ACP Group).


This information is given at the time of signature, without prejudice to any developments in the operation/project