Societe Generale, a microfinance player in Africa
Microfinance is one of the principal financial inclusion instruments that helps combat poverty. Societe Generale is involved in this in two ways: by granting refinancing facilities to microfinance institutions in local currency and by taking minority shareholdings in some of these institutions.
Societe Generale has minority but active shareholdings in five institutions in Cameroon, Ghana, Ivory Coast, Madagascar and Burkina Faso via its African subsidiaries. These institutions are selected for their reliability, their soundness and their ambition to ensure a positive impact on the local population and economy.