Ecobank Senegal, a subsidiary of Ecobank Transnational Incorporated, announces today the launch of a considerably enriched version of its solution “Elver by Ecobank. »Initially designed to accelerate access to the financing of small and medium -sized enterprises belonging to women, led by women or focused on women within the commercial bank, Ellever is enriched today to become more ambitious, more complete and more inclusive
The new program now offers an extended offer of financial and non -financial solutions, covering all of Ecobank activity segments: individual banking, commercial banking and banking of large companies and investment.
The “Elping by Ecobank” program was launched in Senegal in September 2021, with the aim of supporting companies led by women or oriented towards women. It offers financial and non -financial services, such as loans at reduced interest rates, training, coaching, and facility access to markets via digital tools. In April 2022, a partnership with WIC Capital made it possible to mobilize funding of 1 billion FCFA to support female entrepreneurship in Senegal.
Elvation: a real and growing impact
This impact is the result of quantifiable achievements. Thus the number of Ilver clients increased from 529 in 2021 to 2,037 in 2024 with the key 26 billion FCFA of funding granted.
The number of women actually financed is 879 customers, or 43 % of the portfolio. And 522 customers benefited from training and skills strengthening programs, representing 26 %.
At the continent, thanks to the ELLOVER program, Ecobank granted more than $ 200 million in loans, benefiting thousands of women entrepreneurs.
In March 2025, the program was enriched to offer an even more inclusive offer, now covering all customer segments, with in particular the possibility of obtaining unleashed loans up to $ 50,000 and personalized services (insurance, wealth management, loyalty). The enlargement of ELLOIR reflects Ecobank Senegal’s desire to act concretely to reduce gender inequalities and accelerate inclusive growth.
30% of companies created in Senegal belong to women
In Senegal, women represent about half of the population and play a central role in the economic and social dynamics of the country. They are at the origin of more than 30 % of the creations of individual companies, however, their access to financing remains limited. In addition, filling gender inequalities in Africa could add nearly $ 2,500 billion to GDP of the continent by 2025, the World Bank estimates.
“Senegal women’s entrepreneurs have already experienced the immense value that the Pan -African program brings Ecobank, dedicated to supporting and promoting female entrepreneurship in Africa. With this new version, we are strengthening our commitment to be the bank of choice for women African entrepreneurs, “says Sahid Yallou, Managing Director of Ecobank Senegal. And adding:” Through this new version, we aim to support women financially to enable them to launch, develop or consolidate their projects; to offer personalized coaching throughout their entrepreneurial course, through training, A network of experts;
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What are the main advantages of the new Ellever offer?
- Easy access to financing: Possibility of unhealthy loans up to $ 50,000.
- Related eligibility criteria: Access to the program with only two years of banking history, instead of three years.
- Advantageous financial conditions: attractive interest rate and softening guarantees requirements.
- Accelerated commercial development: Help in the acquisition of new customers and access to African markets via ‘MONESPACECOMmerce’.
- Strengthening skills : training, webinaries, and knowledge sharing to boost management and leadership.
- Personalized services: Wealth management, single window for insurance, loyalty program offering exclusive discounts in partner brands.
Ecobank Senegal
Ecobank Senegal is a subsidiary of the Ecobank group, the main independent Pan-African banking group, whose mother company is Ecobank Transnational Incorporated (ETI).
The Ecobank group employs more than 13,000 professionals, serving around 32 million customers in the retail banking sectors, the commercial banking and the company bank in 33 African countries.
The group also has a banking license in France and maintains representation offices in Addis Ababa (Ethiopia), Johannesburg (South Africa), Beijing (China), London (United Kingdom) and Dubai (United Arab Emirates).
Ecobank offers a full range of products, services and banking solutions, including deposit accounts, cash management, consulting services, trading, securities brokerage and wealth management.
ETI is listed on several scholarships, including the Nigerian Stock Exchange (LAGOS), the Ghana Stock Exchange (ACCRA) and the Regional Securities Stock Exchange (Abidjan).
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