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Supporting SMEs in Chad with Société Générale
Project
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Signature date
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Location
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Chad
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Financing tool
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Financing amount (Euro)
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1500000
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Financing details
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XAF 983,935,500 guarantee
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Customer
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SGT
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Type of customer
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Financial institution
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Project number
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CTD1259
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco has partnered with Société Générale Chad to support the Chadian SME fabric.
Client presentation
Société Générale Chad is the largest banking network in Chad. Since 1999, it has been providing daily support to its customers in carrying out their projects and local and international day-to-day operations.
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 983,935,500, i.e. EUR 1.5m.
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.