Table of contents
Description
The project Access to Finance for SMEs (“Accès”) helps to bring SMEs and financial institutions together faster and easier, so that more businesses receive finance and financial institutions can expand their SME business in the long term. SMEs account for 98 per cent of companies in Senegal and are therefore the backbone of the Senegalese economy. However, they receive just nine per cent of the loans issued to businesses by financial institutions.
The core of the project focuses on a digital solution for matchmaking SMEs and financial institution in cooperation with the SME agency ADEPME and improving the framework conditions for SME finance through a public reform process.
The project focuses particularly on women-led SMEs and supporting them to become investment-ready and access funding from a diverse set of financial institutions.
The bilateral project is funded by the German Federal Ministry for Economic Cooperation and Development (BMZ).
Target group
The target group are small and medium-sized enterprise (SMEs) including micro enterprises, with a focus on female-led SMEs.
Decision-makers and public employees of relevant ministries, public agencies of SME development, chambers of commerce and financial institutions are important intermediaries and cooperation partners.
Status
The first phase of the project ended in May 2024 with a second phase having started in June 2024 and running until May 2027. The second phase has a strong focus on gender finance.
Core activities on sustainable finance include:
- Coaching of financial institution on SME and gender finance;
- Investment readiness programmes for women-led SMEs
Contact
Julia Karst
Project Director
julia.karst@giz.de
Additional Information:
Find the project of the website of GIZ and on the digital platform.
