With the aim of providing financial and technical assistance to SMEs, the Société Générale de Banque in Senegal (SGBS) and the Agency for the Development and Supervision of Small and Medium Enterprises (ADEPME) launched on Tuesday 23 October in Dakar, a credit line of 170 billion CFA francs through a program called “Fonds Envol”.
This five-year program must make it possible to finance all SMEs registered in the labeling program and the e-rating system of ADEPME, among others. A first disbursement of 15 billion F CFA will be available in 2018, says one.
It is indeed a fund that offers the opportunity to access funding tailored to the profiles of different targets, by addressing their concerns in terms of diligence in processing, cost of credit and duration reimbursement.
According to Idrissa Diabira, director general of ADEPME, the mechanism “provides a vigorous response to the problem of financing small businesses and offers a global solution to their growth”.
According to Jean-Marc Mancel, CEO of SGBS, “this line of credit confirms the bank’s willingness to support SMEs and to show its presence in all segments of the Senegalese and African economy. west in general. And add that “financial inclusion will go through the SME market,” before announcing the upcoming launch of a house of SMEs to the SGBS.
Chaired by the launching ceremony, Senegalese Minister of Commerce Alioune Sarr praised the initiative as “the result of a public-private partnership that will help solve the problem of capital”.
The authority also urged both parties (SGBS and ADEPME) to launch an extensive awareness campaign to reassure SMEs, especially those located in Senegal.