{"id":13663,"date":"2023-11-13T10:34:01","date_gmt":"2023-11-13T09:34:01","guid":{"rendered":"https:\/\/rawbank.com\/african-guranted-fund-et-rawbank-consolident-leur-partenariat-au-benefice-des-pme-congolaise-grace-a-une-ligne-de-garantie-de-70-millions-de-dollars-americains\/"},"modified":"2023-11-13T09:43:04","modified_gmt":"2023-11-13T09:43:04","slug":"african-guranted-fund-et-rawbank-consolident-leur-partenariat-au-benefice-des-pme-congolaise-grace-a-une-ligne-de-garantie-de-70-millions-de-dollars-americains","status":"publish","type":"post","link":"https:\/\/rawbank.com\/en\/african-guranted-fund-et-rawbank-consolident-leur-partenariat-au-benefice-des-pme-congolaise-grace-a-une-ligne-de-garantie-de-70-millions-de-dollars-americains\/","title":{"rendered":"
African Guranted Fund and Rawbank consolidate their partnership for the benefit of Congolese SMEs, thanks to a US$70 million guarantee line<\/p>"},"content":{"rendered":"
African Guarantee Fund et RAWBANK ont consolid\u00e9 leur partenariat, par la signature d'une nouvelle convention de 70 millions de dollars am\u00e9ricains destin\u00e9e \u00e0 renforcer le secteur des PME en R\u00e9publique D\u00e9mocratique du Congo. To date, this renewed partnership between AGF and RAWBANK has unlocked over US$300 million in additional financing for almost 1,000 Congolese SMEs.
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In addition to the risk-sharing mechanism, the new agreement enables AGF to continue providing support in the form of technical assistance to RAWBANK, as well as training for its SME customers.<\/p>
Commenting on the development of this partnership, Mustafa Rawji, CEO of RAWBANK, said: \u201cSME development is a critical focus for our bank. Our strategic objectives for 2025 include financing 20,000 SMEs in the DRC. And so we're in the process of deploying a fairly massive infrastructure internally. We're also launching a recruitment campaign to achieve this by December 2025.<\/p>
Commenting on the development of this partnership, Mustafa Rawji, CEO of RAWBANK, said: \u201cSME development is a critical focus for our bank. Our strategic objectives for 2025 include financing 20,000 SMEs in the DRC. And so we're in the process of deploying a fairly massive infrastructure internally. We're also launching a recruitment campaign to achieve this by December 2025.<\/p>