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).
This project is carried out with the support of the European Union and Organization of African, Caribbean and Pacific States (OACPS)