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.
The core of the project focus on digital solutions 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.
On Sustainable Finance, the project cooperates with financial institutions on product development in the area of gender and green finance. Moreover, the project has initiated together with the Ministry of Finance and the Ministry of Environment the development of a green taxonomy for Senegal.
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 microenterprises, 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 ends in May 2024 with a second phase going from June 2024 until May 2027. The second phase will have an even stronger focus on gender finance.
Core activities on sustainable finance include:
- Continued support for the development of the Senegalese Green Taxonomy for the classification of environmentally sustainable economic and financial activities;
- Coaching of financial institution on SME and gender finance;
- Accelerator programmes for female-led SMEs with a social and environmental impact.
Contact:
Severin Peters
Project Director, Access to Finance for small and medium-sized companies (SMEs)
severin.peters@giz.de
Contact:
Caroline Micek
Advisor, Access to Finance for SMEs
caroline.micek@giz.de
Ministry of Commerce - Ministère du Commerce, de la Consommation et des Petites et Moyennes Entreprises
Ministry of Finance - Ministère des Finances et du Budget
Ministry of Environment - Ministère de l’Environnement, du Développement durable et de la Transition écologique
Central Bank BCEAO - Banque Centrale des Etats de l'Afrique de l'Ouest
ADEPME - Agence de Développement et d'Encadrement des Petites et Moyennes Entreprises
Useful links
Find the project of the website of GIZ and on the digital platform.
