EBID boosts SME financing in Guinea

The ECOWAS Bank for Investment and Development (EBID) has granted a seven-year €10 million line of credit to Vista Bank Guinea to support the financing and promotion of SMEs.

Vista Bank Guinea currently receives technical assistance from the International Finance Corporation and grants loans for the development of the Guinean private sector while offering services including financial advisory, financing extensions, diversification, modernisation, and rehabilitation projects.

The EBID line of credit to Vista Bank Guinea will promote progress in the country’s industrialization efforts by increasing of value chains and strengthening the capacities of local SMEs and SMIs, among others.