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Supporting high-impact SMEs in Guinea
Project
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Signature date
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Location
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Guinea
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Financing tool
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Financing amount (Euro)
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3000000
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Financing details
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GNF 31,366,615,500 guarantee
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Customer
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SGBG
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Type of customer
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Financial institution
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Project number
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CGN1311
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 Guinea to finance local MSMEs by allocating a EURIZ guarantee.
Client presentation
Société Générale Guinea was created in 1985 and is a subsidiary of Société Générale. It was one of the first private banks set up in Guinea.
With 30 years of experience in supporting Guinea’s economy, Société Générale Guinea has built a relationship of trust with its 106,000 local and international clients by offering them a wide range of products and a variety of innovative services tailored to their needs.
Project description
Proparco has signed a partnership with Société Générale Guinea, on behalf of AFD, under the EURIZ program, which is implemented with resources from the European Union and the Organization of African, Caribbean and Pacific States (OACPS).
The objective is to allow Société Générale Guinea 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 GNF 31,366,615,500 (EUR 3m).
Project impact
The EURIZ program specifically aims to allow 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).