Benin

Financial services

Financing granted

Loan of €500,000
(equivalent in local currency)

Foundation partner

since 2015
(3 loans granted)

*Outstanding amount at grant value
Partner website

Context:

Benin’s economy is heavily dependent on informal re-export and transit trade with Nigeria (estimated at 20% of GDP) as well as on agriculture. Women are penalized by a lack of access to economic opportunities and are under-represented in senior positions.

Institution:

COMUBA is a Tier 3 institution created in 2000 by a group of market gardeners who were unable to finance their activities through the traditional financial sector. It offers financial and non-financial services through group loans in particular.

Impact:

COMUBA provides loan and savings services to its clients under group and individual methodologies. It contributes to improve the well-being of low-income women through group lending by providing them with quality financial and non-financial services.

Photos galery

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