GRANTING OF A CREDIT LINE TO SONIBANK
Sector: Finances
Type: Private
Project owner: Société Nigérienne de Banque (SONIBANK)
Estimated cost (USD): USD 24 million
Estimated cost (FCFA): FCFA 12 billion
Created in 1990, SONIBANK is a leading Nigerien bank and is financially sound with a positive performance. This project aims to reinforce SONIBANK’s financing activities for day-to-day services, in response to consumer and business financial needs in Niger.
Benefits
- Facilitate access to financing for SMEs and SMIs, who make up the main part of the Nigerien economic fabric;
- Facilitate access to financing for individuals;
- Consolidate and modernize activities linked to day-to-day services;
- Benefit from its wide-spread national network in Niger and its extensive client base to generate return on investment.
CHARACTERISTICS OF PARTNERSHIP REQUIREMENTS
Project Design: Private / Private
Funding: Private / Private
Implementation: Private / Private
Operations: Private / Private
Risk sharing: Private / Private