Proparco set to offer loans to VSEs and SMEs in Senegal through BICIS

SENEGAL – Proparco, a Development Finance Institution partly owned by the French Development Agency (AFD), has granted a new portfolio guarantee to BICIS, for Very Small Enterprises (VSEs) and Small and Medium-sized Enterprises (SMEs) in Senegal. BICIS will offer loans that are 80% guaranteed by AFD Group the VSEs and SMEs. BICIS is the third financial institution to deploy this exceptional guarantee in Senegal. Since the beginning of their collaboration in 2005, Proparco and BICIS have gradually strengthened their partnership to support a growing number of MSMEs. This relationship makes BICIS one…

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