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