EBID and Fidelis Finance Strengthen their partnership with SMEs loans agreement
EBID and Fidelis Finance Strengthen their partnership with the signature of a € 6,100 million SMEs loans agreement. The President of the Bank for Investment and Development (EBID), Mr. Bashir M. IFO and the CEO of Fidelis Finance Mr. Kouafilann A. Sory, signied a loan agreement of Xof 4,000 million. This convention is the fourth of its kind signed by these two Institutions. It aims to enable Fidelis Finance to strengthen its ability in SMEs’ needs financing, mainly in Burkina Faso and Côte d'Ivoire, through highly adapted financial products such as leasing and factoring. The duration of projects eligible for this line can reach 6 years. This partnership between Fidelis Finance and EIDB allows the creation of wealth and the creation of news employees through the SMEs’ development.