New partnership in Benin with UNACREP

Continuation of the Foundation's funding in Sub-Saharan Africa 1st semester 2024 with the agreement of an initial loan for an amount in local currency equivalent to 1.5 million Euros to the microfinance institution UNACREP "National Union of Rural Savings and Loan Banks Benign, over a period of three years. The Foundation currently has four other partners in Benin.

UNACREP is a microfinance institution, created in 1992 by the NGO Sasakawa / Global 2000, whose mission is to be the main financial partner of agricultural entrepreneurs in Benin. Among the 21 063 customers, more than 50 % of the loan portfolio is dedicated to agricultural entrepreneurs, active in all functions of the value chain. 40 % customers are women, mainly active in the processing and sale of agricultural products. UNACREP It also provides productive loans to micro-entrepreneurs active in the trade sector and consumer loans to civil servants. Clients borrow individually (over 60%) or organized into groups and cooperatives.

With this new loan, the Foundation strengthens its presence in Sub-Saharan Africa, which represents 30,% of the total outstanding amount monitored by the Foundation at the end of March 2024.

To learn more about our partners, Click here.