6 ème conférence annuelle de sanabel beyrouth – mai 2009 financing microfinance mena region...
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6ème Conférence Annuelle de SANABEL
Beyrouth – Mai 2009
FINANCING MICROFINANCE MENA REGION
Pascale LacombradeGroup’s Microfinance
coordinatorSOCIETE GENERALE
Table of contents
• SG Group key facts– Profile– International Retail Network– Within MENA region
• SG & Micro finance– A snapshot– Within MENA region
• Financing an MFI – preliminary facts
The Group’s profile
• A Baseline pledge : “We stand by you”
• Three core business lines– Retail Banking & Financial Services – Global Investment Management & Services– Corporate & Investment Banking
• A robust Group– 30 million customers throughout the world– 163,000 employees from 122 nationalities in 82 countries– Net Banking Income: € 21,866 millions– AA- (Standard & Poor’s), AA- (Fitch) and Aa2 (Moody’s)
+€ 2.0 billionNet income*
The Group’s profile• Universal Banking
– Global Investment Management & Services– 63,000 employees of 59 nationalities
+ 13 Million Customers
(Individuals & Corporate)
SG Retail in the MENA Region
TUNISIA
99 branches
1,383 employees
TUNISIA
99 branches
1,383 employees
JORDAN
16 branches
216 employees
JORDAN
16 branches
216 employees
ALGERIA
53 branches
1,148 employees
ALGERIA
53 branches
1,148 employees
LEBANON
57 branches
1,096 employees
LEBANON
57 branches
1,096 employees
EGYPT
123 branches
3,148 employees
EGYPT
123 branches
3,148 employees
MOROCCO
279 branches
2,729 employees
MOROCCO
279 branches
2,729 employees
+ 1,2 Million Customers
(Individuals & Corporate)
Microfinance activities - Snapshot
• The first step … in MoroccoSGMA is the very first bank to agree to lend to the sector (backed by USAID, concessional loans) • Today …
– 40 % of the total resources allocated by French banks to the sector
– 16 subsidiaries lend to 38 MFIs that provide services to 1.5 million micro-entrepreneurs
– Three subsidiaries are shareholders in MFIs in Cameroon, Ghana & Madagascar (three in pipe)
+ € 150 MFunds engaged (local currency)
MENA – The Group’s “Flagship” in MF
• Main features– 13 MFIs financed – In four countries– Local currency only– Facilities
• Overdraft and Short Term Loan• Medium Term Loan• Long Term Loan
– Guarantees • Required to initiate relationships• Increasing leverage • Clean facilities
+Grameen-Jameel SG = # 1 partner
• Contacts
Marocco Mohamed AmilikiSamir Benhima
Tunisia Sana El Molk BeyEgypt Mohamed AntablyJordan Nadim AbaoutLebanon Barbara Daoud
Financing an MFI : Preliminaries
• Building confidence …– Which expertise / legitimacy in the field of
micro finance ? (history, founders, external support, institutional supporting)
– Is the governance clear and reliable ?– Does the institution benefit from a good image
and reputation ?– May we obtain external guarantees ?
• Financials speak …
• Documentation– Legal documents– Activity reports– Audited financial reports– Visits– If any, rating reports
+ Transparency
Thank you for your attention
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