Proparco Guarantees €7M Coris Bank Loans to SMEs
- In a context where access to financing remains a major challenge for small and medium-sized enterprises (SMEs) and small and medium industries (SMIs), a new partnership aims to...
- Proparco, the branch of the French Progress Agency dedicated to financing the private sector in developing countries, signed an agreement on Friday, March 21, 2025, with the Coris...
- This "trade finance" facility will allow the bank to cover the risks of non-payment on commercial transactions carried out by SMEs and SMIs, thereby strengthening their access to...
Coris Bank Receives Guarantee Line to Boost SME Financing in Chad
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Published: March 22, 2025
In a context where access to financing remains a major challenge for small and medium-sized enterprises (SMEs) and small and medium industries (SMIs), a new partnership aims to strengthen Coris BankS financing capacities for these businesses.
Proparco, the branch of the French Progress Agency dedicated to financing the private sector in developing countries, signed an agreement on Friday, March 21, 2025, with the Coris Bank group in Chad (Coris Bank International Chad) for a guarantee line of 7 million euros.This line is intended to facilitate the development of international trade in the Central African country.
This “trade finance” facility will allow the bank to cover the risks of non-payment on commercial transactions carried out by SMEs and SMIs, thereby strengthening their access to banking financing.
This strategic partnership will facilitate the importation of foodstuffs, goods, and materials in order to further stimulate the creation of value at the national level and strongly contribute to meeting the essential needs of Chadian populations and companies.Coris Bank
The guarantee line is being established in a context where access to financing remains one of the main challenges for Chadian SMEs. according to a report by the center for International Trade (ITC), these SMEs represent 97% of the country’s businesses and are at the heart of its economic development.
however, while crucial for diversification and competitiveness, these SMEs face various obstacles that limit their capacity to fully exploit their potential.
This marks the first time that Proparco has provided a guarantee line to the Chadian subsidiary of the Burkinabé group Coris Bank. The group has been present in Chad since 2024, following the acquisition of the local subsidiary of Société Générale.
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Coris Bank Chad: Boosting SME Financing and Trade in Chad – A Q&A
Financing SMEs in Chad: What’s the Big Picture?
Q: What is the primary challenge faced by small and medium-sized enterprises (SMEs) and small and medium industries (smis) in chad?
A: The biggest hurdle facing SMEs and smis in Chad is access to financing. This lack of access limits their ability to grow, diversify, and compete effectively in the market.
Q: How important are SMEs to Chad's economy?
A: SMEs are absolutely crucial. They represent a staggering 97% of all businesses in Chad, making them the backbone of the country's economic development.
Coris Bank and Proparco partnership: A Boost for Chadian Businesses
Q: What is the recent agreement between Coris Bank and Proparco about?
A: Proparco,the French Development Agency's arm for private sector financing,has partnered with Coris Bank International Chad to provide a guarantee line of 7 million euros. This agreement, signed on March 21, 2025, aims to bolster Coris Bank's capacity to finance SMEs and SMIs in Chad.
Q: What does this guarantee line do?
A: This "trade finance" facility is designed to cover the risk of non-payment in commercial transactions undertaken by SMEs and SMIs. This reduces the risk for the bank and, in turn, improves SMEs' access to crucial banking finance.
Q: What specific sectors will benefit from this partnership?
A: While the focus is on supporting a range of SMEs and SMIs, the agreement notably aims to facilitate the importation of essential goods like foodstuffs and materials. This is meant to stimulate value creation within Chad and meet the needs of chadians and businesses.
Q: who is Proparco?
A: Proparco is the branch of the French Development Agency (Agence Française de Développement - AFD) specializing in financing the private sector in developing countries.
Q: What is Coris Bank's role in this initiative?
A: Coris Bank International Chad, which has been present in Chad as 2024 after acquiring the local subsidiary of Société Générale, is the financial institution that will be providing the financing and benefiting from the guarantee line provided by Proparco.
The Benefits of the Partnership
Q: How does this partnership improve the access to finance for SMEs?
A: The guarantee line provided by Proparco allows Coris Bank to take on less risk when lending to SMEs. This makes financing more accessible becuase the bank is more willing to lend to SMEs when their transactions are insured.
Q: What are the broader benefits of this agreement for Chad's economy?
A: The anticipated benefits extend beyond individual businesses:
Increased Trade: Facilitates international trade,particularly the import of essential goods.
Economic Growth: Stimulates value creation within Chad.
Meeting Essential Needs: Helps to ensure the supply of goods and services.
supports Economic Diversification: Gives SMEs better opportunities to exploit their potential.
Key Takeaways: Deal Summary
| Feature | Details |
| ---------------- | ------------------------------------------------------------------------- |
| Partners | Coris Bank International Chad & Proparco |
| Type of Deal | guarantee line on trade finance |
| Guarantee Amount | 7 million euros |
| goal | Increase SME access to finance and boost international trade in Chad |
| Impact | Strengthening businesses and meeting needs of Chadian Populations |
| Year | 2025 |