ARIZ and EURIZ Portfolio Guarantees: these portfolio guarantees granted by Proparco will enable Ecobank Togo to increase its financing of Very Small and Medium Enterprises (VSEs) in the country, with a particular focus on women’s entrepreneurship.
The ARIZ portfolio guarantee, with 50% coverage, is one of AFD Group’s emblematic tools, particularly effective in encouraging investment and job creation in SMEs operating in many sectors of activity (agriculture, health, industry, microfinance, transport, etc.).
The EURIZ guarantee, which is supported by the European Union and the African, Caribbean and Pacific Group of States (OACPS), will enable Ecobank Togo to support investments by SMEs with a high development impact by sharing 70% of the credit risk. It specifically targets social sectors, agriculture, climate co-benefit investments, and women-owned or women-led businesses. These loan offers guaranteed by Proparco are part of the French Choose Africa initiative, implemented by AFD Group, which aims to commit €3.5 billion to African start-ups, VSEs and SMEs over the 2018-2022 period.
