Sinergi Burkina launches the FFS-PME to facilitate access to structuring financing

Sinergi Burkina, the first impact investment fund in Burkina Faso, launched in January 2022 the Facilitation of Access to Structured Finance for Burkinabe SMEs (FFS-PME) project, in partnership with the West Africa Trade and Investment Hub.

Financed to the tune of $1 million, the project aims to facilitate access to structuring financing for a greater number of small and medium-sized enterprises, which are true levers of economic and social development. More specifically, the project will make it possible to :

  • Increase access to financing for SMEs by catalyzing more than 7 times the Trade Hub’s co-financing in order to mobilize more than CFAF 4 billion for the benefit of SMEs in Burkina Faso
  • Contribute to the creation of more than 400 decent direct jobs and more than 600 decent and sustainable indirect jobs, 50% of which are for young people and 50% for women
  • Strengthen the post-investment capacities of SMEs through technical assistance to companies
  • Secure and increase the income of at least 2000 small producers, beneficiaries, breeders and/or input suppliers

According to the Director of Sinergi Burkina, Mr. Job ZONGO, this partnership, which is expected to last until May 2024, is a real asset for the development and promotion of private equity in Burkina Faso.

 

 

 

 

The USAID-funded West Africa Trade & Investment Hub (Trade Hub) is a 5-year, $140 million trade and investment facilitation activity designed to improve private sector productivity, profitability, and competitiveness in West Africa through market-based approaches. Learn more