Togo: FNFI reveals new products on its fifth anniversary

Economic governance
Monday, 25 March 2019 16:46
Togo: FNFI reveals new products on its fifth anniversary

(Togo First) - On the sidelines of its fifth anniversary, the National Fund for Inclusive Finance unveiled new products it will be offering. These include a solution to directly refinancing beneficiaries reaching out to financial partners and another to help beneficiaries formalize (PAF).

The two products were launched in Kara last Saturday during a ceremony presided by Togo’s head of State, Faure Essozimna Gnassingbé.

The PAF finances equipment for craftsmanship and processing. It also aims at providing craftsmen their working capital. According to president Gnassingbé, the two new products are an appropriate answer to requests made by FNFI beneficiaries.

For Mazamaesso Assih, State Secretary in charge of inclusive finance, with these new products, beneficiaries will truly contribute to the growth of Togo’s GDP.

Let’s emphasize that two conventions were signed during the announcement. The first between Orabank and the FNFI and the second between Orabank and the FNFI’s partnering institutions.

Séna Akoda

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