The Managing Director of Societe Generale Burkina Faso (SGBF), Harold Coffi, has officially launched his bank's new product. Called “Leasing”, this new leasing offer is 100% marketed for the benefit of businesses and professionals.

Leasing enriches the list of existing products. This is a rental operation with purchase option for companies and professionals, whatever their legal form. Unlike conventional credit, the bank does not lend money to the customer so that he can make his purchase, but buys the good directly on behalf of the customer from the supplier, who delivers it to the customer. It is the bank that is in fact responsible for renting the property to the company, which in return pays rents over a given period.

To subscribe to a leasing property, he explains, you need a minimum of five million CFA francs. The duration of the financing is between 2 and 5 years, and the contract is firm and irrevocable. Rents are paid monthly or quarterly, with direct debit. At the end of a leasing contract, the lessee has several options: the return of the equipment or the option of purchase on the basis of the residual value stipulated in the contract. The leasing offer applies to transport vehicles, industrial equipment, construction equipment and medical equipment.