Subscriptions are registered with SGI-TOGO, which issues purchase certificates to subscribers (investors).
SGI-TOGO, together with affiliated financial institutions, exercise the responsibilities of depositary and trustee of the ADI fund.
Credits to SMEs/SMIs are granted by banks after study of the file by the SGI-TOGO/ADI GROUP joint credit committee.
Procedure
The procedure can be summarized in the following four (4) steps:
- Call for Subscription;
- Domiciliation of the Fund and registration of subscribed shares with SGI-TOGO;
- Fund management and granting of credit to SMEs/SMIs;
- Payment of dividends and repayment at term to investors.
Fund Characteristics
Fund Name: ADI FUND 1
- Minimum subscription: 1,000,000 FCFA (one million CFA francs) for a purchased share
- Offer: 2,000,000,000 FCFA
- Fund issue date: October 2024
- Fund duration: 3-7 years
- Interest rate: to be determined
- Distribution: annuals dividends
- Fund mission: Fundraising and granting of credit guarantees, investment capital and financing of SMEs/SMIs
