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Proparco and EU Provide $10 Million Guarantee to Ecobank DRC for SME Financing
Proparco and the European Union have provided a $10 million guarantee to Ecobank's DRC operations to stimulate SME lending in a high-risk frontier market with chronic credit access constraints. The guarantee mechanism is designed to lower the perceived risk of lending to small businesses that would otherwise fall below commercial lending thresholds.
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- Proparco and EU back Ecobank DRC with $10 million guarantee to boost SME financing · innovation-village.com · T2