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Supporting high-impact SMEs in Cameroon
Project
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Signature date
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Location
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Cameroon
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Financing tool
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Financing amount (Euro)
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5000000
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Financing details
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XAF 3,279,785,000 guarantee
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Customer
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SGBC
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Type of customer
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Financial institution
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Project number
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CCM1736
This project is carried out with the support of the European Union and Organization of African, Caribbean and Pacific States (OACPS).
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 ACP Group. This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco is allowing Société Générale Cameroon to finance local MSMEs by allocating a EURIZ guarantee.
Client presentation
Société Générale Cameroon was formed through the takeover of Banque Commerciale Africaine by Société Générale Group in 1947. It was created with the participation of the Cameroonian State and several international banks, including Société Générale.
Project description
PROPARCO has signed a partnership with Société Générale Cameroon, on behalf of AFD, under the EURIZ program, which is implemented with support from the European Union and the Organization of African, Caribbean and Pacific States (OACPS).
The objective is to allow Société Générale Cameroon to offer financing to small and medium-sized enterprises operating in a sector which has a strong impact on development or in a fragile country, for a total amount of XAF 3,279,785,000 (EUR 5m).
Project impact
The EURIZ program specifically aims to enable financial institutions to encourage the financing of SMEs operating in a high-impact sector (women’s entrepreneurship, agriculture, digital technologies, green assets, education, health...) or based in a fragile country, and thereby contribute to the achievement of several Sustainable Development Goals (SDGs).