ATIDI, in collaboration with the African Union and the German Development Bank (KfW), has launched the PoRSA SME Program — a tailored solution to unlock the potential of African Small and Medium Enterprises (SMEs) trading locally and engaged in African cross-border trade in support of the AfCFTA initiative.
What is the PoRSA SME Program?
PoRSA entails SME Risk-Sharing partnership with local Financial Institutions (FIs) so as to mitigate risks and enhance access to finance for small and medium-sized enterprises across different sectors with special focus on those sector that had previously been marginalized such as the women-owned businesses, agricultural sector and cross border trade.
ATIDI provides credit risk insurance covers to lenders / FIs, encouraging them to lend to SMEs, thus empowering SMEs to grow, innovate and engage confidently in local and intra-African trade.
Key Features:
- Risk Mitigation: ATIDI provides partial credit insurance covers to de-risk SME lending portfolios.
- Focus on Inclusivity: Special emphasis on women and agricultural sectors.
- AfCFTA aligned: Promotes the objectives of the AfCFTA by enhancing SME competitiveness.
- Public-Private Collaboration: Leverages resources from governments, DFIs and private sector partnerships.
Who Can Benefit?
- African SMEs active in trade-related sectors and cross border trade under the AfCFTA initiative.
- Financial institutions seeking risk-sharing mechanisms to expand SME lending.
Impact Goals:
- Unlock SME access to trade finance.
- Promote industrialization and regional value chains.
- Drive inclusive and sustainable economic development.
- Query successful
How to Apply
Financial institutions interested in participating in the PoRSA SME Program should send an email to enq@atidi.africa to initiate the application process and obtain further information.
Please note that this program is designed for partnership with banks and other financial institutions. SMEs seeking financing should contact their local banks.