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  • Access to Capital

Access to capital for women entrepreneurs in Madagascar

Female entrepreneurship can be a lever for the development of Madagascar within the framework of the New Millennium Development Goals (MDGs). However, financing remains a major problem, especially for women entrepreneurs with a low level of education, especially in rural areas.

Equity and informal borrowings remain the main source of financing today. Several cultural and socio-economic barriers limit access to alternative sources of financing. For example, much remains to be done for the popularization of microfinance. It is therefore a question of giving them the support necessary for their professional development.

    angle-left BOA Madagascar

    BOA Madagascar

    BOA is the leading bank in Madagascar in terms of coverage. This, thanks to its 80 branches and 123 ATMs present throughout the territory as well as the high number of its customers.

    Current accounts, savings accounts and different types of loans form the range of services for individuals.

    BOA Madagascar becomes the exclusive bank of the Group of Women Entrepreneurs in Madagascar (GFEM) for its activities during this year. The bank supports the Groupement in all the sectors of economic activity where its members are developing, from agribusiness to crafts, including textiles. The BOA thus supports women entrepreneurs and simplifies their access to financial services and financing.

    The BOA also offers its services to professionals and carries out:

    • Support for SMEs
    • Market financing for operators
    • Support for large companies
    • Refinancing to microfinance institutions

    Main address :

    Antaninarenina, 2, Independence Square
    BP 183 - 101 Antananarivo Madagascar
    Telephone: +261 202239100 / +261 202239250
    Website: https://www.boa.mg

    Opening time:

    Monday 08:00-15:30
    Tuesday 08:00-15:30
    Wednesday 08:00-15:30
    Thursday 08:00-15:30
    Friday 08:00-15:30

    BOA Madagascar, for companies

    The BOA also offers companies a wide choice of products, including:

    • Current account
    • Support for SMEs, through which this bank in Madagascar offers short-term, medium- and long-term support, seasonal loans, import and export financing, etc.
    • Financing of contracts for operators in the construction sector (guarantees, advances on private market, on administrative certificate, on administrative invoice)
    • Assistance to large companies, also with short, medium and long-term support, financing of investments and projects
    • Operations relating to exports and imports
    • Refinancing to institutions operating in the microfinance sector
    • Financing of Solidarity Guarantee Credit Associations, for producers who are members of groups
    • Financial support for operators in the agricultural sector (individuals and companies)
    • Loans dedicated to the mesofinance sector, for several types of clients, ranging from SMEs to VSEs, including new rural entrepreneurs
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