SMEs: African Guarantee Fund grants a portfolio guarantee line for a total amount of CFA F 1.6 billion to Ecobank Benin

African Guarantee Fund for small and medium-sized enterprises (AGF) has granted a portfolio guarantee line for a total amount of CFA F 1.6 billion to Ecobank Benin to support SMEs, women’s entrepreneurship and the green economy in Benin, according to information released by Financial Afrik.

This line of guarantee allows, on the one hand, to alleviate the difficulties related to the lack of guarantees encountered by SMEs/SMIs and which constitute an obstacle to the financing of their activities and on the other hand to further increase its commitment to the SME/SMI segment while promoting the development of female leadership in the private sector.