1.8. BC-PME SA
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Conditions of eligibility:
- Savings products: These products give companies access to credit through their savings accounts.
- Credit products: These include products for retailers, young entrepreneurs, craftspeople and very small businesses, 'Assets and equipment' products, 'Imports and exports' products, products for financing purchase orders and contracts, products for financing the self-employed, products for advances on certified invoices, discounts on listings and bills of exchange (factoring), guarantees on contracts, the agricultural counter, etc..
1.9. Bange Bank
- Factoring: Financing solutions in the form of advance payment to the supplier of the value of the receivables;
- Credits Spot: Solutions designed to meet a temporary cash requirement in a company's operating cycle;
- Leasing: Credit solution for acquiring business property or the right equipment to develop your business;
- Investment credit: This solution is dedicated to the acquisition of capital goods, buildings, businesses and many other investments.
- Agribanking: Open window for the financing of agropastoral projects.
2. THE GOVERNMENT'S HELPING HAND: THE STATE PORTFOLIO GUARANTEE
In addition to the aforementioned credit lines, the State has set up a portfolio guarantee, which is a mechanism put in place by the State to support Public Establishments and Public and Private companies wishing to obtain loans from local lending institutions.
Eligibility for this guarantee is subject to the following criteria:
- Be a company incorporated under Cameroonian law with majority Cameroonian capital established on national territory;
- Do not be the subject of collective, safeguard, receivership or liquidation proceedings;
- Operate in one of the sectors identified as a priority by the National Development Strategy 2020-2030 (NDS30).
N.B.: To ensure the success of the operation, you should follow up your file both at MINFI and at your bank. We have to take this operation into great consideration and believe in this scheme.
MINISTRY OF SMALL AND MEDIUM-SIZED ENTERPRISES, SOCIAL ECONOMY AND HANDICRAFTS
NEWS BULLETIN No. 4
SMESEH: LOANS OFFER BY FINANCIAL INSTITUTIONS AND STATE GUARANTEE SCHEME
APRIL 2024
STUDIES, PROJECTS AND FORECASTS DIVISION (DEPP)
P.O. Box: 6096 YAQUINDE Tel.: +237 222 23 22, Fax: (+237) 222 22 41 58 Email: Email: sales@depp.gov.sa.gov Website: www.depp.gov.sa
Access to finance for SMESEHs is an essential pillar for achieving the objectives of the National Development Strategy (NDS30). As a matter of fact, these companies play a crucial role in creating jobs and wealth, promoting social inclusion and contributing to sustainable growth.
However, they find it difficult to access traditional bank financing, due to a lack of real guarantees or insufficient banking history. It is in this context that the State Guarantee Fund plays a decisive role, offering SMEs guarantees that enable them to obtain bank loans that they would not have been able to obtain under conventional conditions.
In reality, it should be noted that, although SMEs' perception of banks' propensity to finance their projects is negative, there is a plethora of banking products available to them.