Massimo Chieregato, the international expert responsible for the technical assistance activity in the field to selected start-up projects, is visiting Italy in these days to report on his first period of activity in Senegal.
Some interesting elements emerged by his work, such as a true interest among local institutions and financial stakeholders to cooperate with the newly-constituted Su.Pa. Guarantee Fund, which could partially fill the lack on local guarantee public tools to support SME’s investments in Senegal.
Massimo Chieregato met several banks and micro-credit institutions and meetings gave positive feedbacks toward the promotion of new business proposals promoted by returnee migrants.
Interest rates on loans for local investments could be lowered for beneficiaries of the Su.Pa. Guarantee Fund, while reducing the risks on start-up’s credit for local financial institutions.
Banks will be willing to consider financing different sectors of activity when business proposals are provided with dedicated coaching and mentoring services and guaranteed by the Su.Pa. Guarantee Fund
The presentation of the brand new Su.Pa. Guarantee Fund encountered great appreciation since appears to be the only product in the Senegalese financial market with those features.
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