«SOLIDIS Garantie»: a financial guarantee for the benefit of the company “Espace JEJO”

As part of its projects consisting of supporting SMEs (Small and Medium Businesses), SOLIDIS Garantie, a guarantee fund institution that earned accreditation from most local banks, has just granted a financial guarantee to the company “Espace JEJO”. And thanks to this guarantee, the company will be able to contract a credit, amounting to 95 million Ariary, from the bank BNI Madagascar.

According to the Manager of “Espace JEJO”, Hanitra Ramiarialisoa, “Before, all administrative procedures regarding bank loan were complicated and the disbursement generally took four to five months. But with SOLIDIS’ help, everything is facilitated, as the institution also provides technical supports to each company asking for financial loans. The disbursement took only two months after the submission of our loan application forms”. Besides, with SOLIDIS Garantie, the guarantees demanded by banks, which could go from 200% up to 300% of the loaned amount, are also alleviated. The loan beneficiary received its check from the bank BNI Madagascar yesterday.