Word from the director

The Djiboutian Private Sector consists mainly of Small and Medium Enterprises or Industries (SMEs / SMIs). Despite their dynamism and goodwill, these SMEs / SMIs encounter difficulties in accessing bank financing.

In fact, banking practices, such as the requirement for solid guarantees in more than 90% of cases, exclude from bank financing a large part of SMEs / SMIs, women entrepreneurs and young entrepreneurs.

To remedy this, the Djibouti Partial Credit Guarantee Fund (FGPCD) was created at the initiative of the President of the Republic.

This strategic tool will thus facilitate the granting of financing to SMEs / SMIs, through risk sharing with credit institutions, micro-finance institutions and other financial institutions.

Eligible projects are projects led by start-up companies (lifespan less than 3 years) and developing companies (lifespan greater than 3 years).

The guaranteed quotas are 60% for start-up companies and for micro-credit files, and 50% for developing companies.