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Societe Generale Ghana Launches New 'Boafo Loan Product' in Kumasi

Societe Generale Ghana has launched its new ‘Boafo Loan Product’ in Kumasi at its Central Branch at the heart of the Adum business district...

Societe Generale Ghana has launched its new ‘Boafo Loan Product’ in Kumasi at its Central Branch at the heart of the Adum business district. The very well patronized event held on Thursday 23rd February, had in attendance key stakeholders, customers, media, and staff of the bank.

The Boafo Loan product is a short-term working capital loan package designed to address the needs of Micro Small Medium-sized Enterprises (MSMEs). Businesses can access up to GHs 600,000.00 with a repayment period of one (1) year without the need to provide the typical collateral as is mostly required.

Welcoming guests to the launch event, Mr. Ernest Sarpong, the Deputy Head for Retail Business, stated that, “MSME’s continue to face challenges particularly with access to capital. Locally, the prevailing economic conditions further impact the sustainability of the sector especially with rising inflation and the depreciation of the Ghana cedi against the major currencies. The timely introduction of the new ‘SG Boafo Loan Product’ is to help owners of MSME mitigate some of these challenges”.

“MSMEs are the heart of the economy, and the Bank will continue to support their growth and development. SG Ghana will not only support businesses with credit facilities but specialized business products and advisory services as well”. Mr. Sarpong concluded.

SG Ghana’s Bank’s prides itself in truly understanding the needs of its customers and creating products and services that help solve the practical challenges they are faced with in their lives and businesses. The launch of this new product under the tagline “no collateral, no problem” is a perfect demonstration of the Bank’s innovation to meet the needs of its customers.  

The very engaging Event, had the Retail Management of Societe Generale Ghana, responding to the myriad of questions posed by the excited invited guests especially on how to qualify for the facility.

Mr. Eli Muzzu, Head of Marketing, Multichannel and Quality, thanked customers for patronizing the event and for their continued support over the years. “The Bank would not exist without you our customers and it is for this reason that we will continue to develop innovative products and services that do not only meet your needs but exceed your expectations. He stated.

We entreat you all to call 0302 214 314 or visit any of the Bank’s 42 networked outlets to find out more.

Societe Generale Ghana… The Future is You!

SOURCE | Societe Generale Ghana

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