Loan of €1.5M *
(equivalent in local currency)
*Outstanding amount at grant valuePartner website
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.
Vital Finance is a Tier 2 microfinance institution created in 1998 to contribute to the development of economic activities through the growing expansion of local financial services for low-income but economically active populations.
Vital Finance offers proximity services, helps improve operational efficiency and reduces the cost of services, while promoting income generating activities and in so doing contributing to the socio-economic development of rural communities.