The formalization of Small and Medium Enterprises (SME) was at the heart of the debate, this Thursday, June 13, 2019, one of the workshops of the French Week in Kinshasa Pullman Hotel. It is one of the prerequisites for obtaining a bank credit requested by any entrepreneur.
« Every entrepreneur needs to expand his business at some point. He is tempted to go to the bank. But, the financing takes into account the profile and certain criteria », said Jisca Mahongo, representative of Equity Bank, intervening in this exchange panel.
It is clear that the loan in a bank requires a certain amount of information including official documents recognizing an SME as a society under Ohada Law.
Moreover, this Equity Bank framework explained how banks take into account risk assessment of projects, business opportunity, etc. In the formalization, it is also a question of updating the financial statements and continuing training. Because, to borrow is to engage.
It is therefore difficult for a bank to accept a project from a person who leaves the agri-food industry for the sake of illustration. Since the contours of the new choice have not been identified, such a request is hardly acceptable.
https://twitter.com/EquityBankCongo/status/1139132370274136064
The bank, like Equity, does not just show up as a money lender. But also as a counselor. All the mechanisms issued by banks to reduce risks, see the willingness of the entrepreneur to move forward.
Hence, the need to inform SMEs so that they are better prepared. Only in this way can they obtain financing from the banks.
Harris KASONGO
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