Who are the beneficiaries ?
Companies incorporated to the trade register and fulfilling the following conditions :
- Having a registered office or a representation in Benin ;
- Aiming at or carrying out activities such as the purchase and sale transactions, the production of goods and/ or services, service delivery, the execution of contracts etc. ;
- Operating for at least 3 years.
Which loans can be guaranteed ?
Operating credits by disbursement and/or by signature as follows :
- Stock financing ;
- Overdraft ;
- Overdraft facility ;
- Advance payment for procurement ;
- Advance payment ;
- Letters of credit ;
- Guarantees, etc.
Which sectors can be guaranteed ?
All business sectors except the housing development sector.
How much does the guarantee cost ?
1 to 2.5% flat (exclusive of taxes) according to the duration, applicable on the amount guaranteed ;
Application fees : 0.25% flat with a minimum of F CFA 50,000.
What is the response time of AFGC S.A ?
10 working days maximum as from the the date of submission of the overall application.
How to submit applications ?
Through the intermediary of the credit institution selected by the beneficiary but is bound to AFGC S.A by an agreement.