The African Guarantee Fund has signed a partnership agreement with Vista Group Holding to improve access to finance for small and medium enterprises in four West African countries of Burkina Faso, The Gambia, Guinea, and Sierra Leone.
The collaboration will see AGF provide a loan portfolio guarantee of $50 million to support Vista Group Holding’s lending activities to SMEs across its network in the four target countries.
The partnership aimed at unlocking growth opportunities for West Africa’s SMEs by scaling up SME financing and contributing to economic development in the region.
By focusing on underserved markets, the partnership is expected to promote financial inclusion by increasing access to finance for entrepreneurs, including women-owned SMEs, green businesses, and youth entrepreneurs.
