Barclays Bank Ghana has committed to providing credit support to SMEs enrolled with Invest In Africa (IIA) to expand their businesses.
This forms part of a partnership established between the Bank and IIA through which Barclays will also provide other forms of enterprise development assistance. IIA is a not for profit organisation with the vision to create Prospering African Economies. The organisation has in the past four years facilitated over USD 1 million credit support to SMEs through its ‘Access-to-Finance’ benefit offering.
According to Barclays, the partnership is very strategic because Barclays’ Enterprise Supply Development (ESD) programme has similar objectives as IIA’s three-prong benefit offerings.
To date IIA’s ‘Access-to-Markets’ pillar, delivered through its online marketplace platform the African Partner Pool (APP), has provided Ghanaian SMEs with business opportunities valued at USD 150 mln.