6,5M€
Wallet
3 270
Number of beneficiaries
69 %
Women beneficiaries
65 %
Rural beneficiaries
Benign
Financial services
Funding granted
Loan of €915,000*
(local currency equivalent)
Partner of the Foundation
since 2015
*Outstanding at grant value
Context :
Benin's economy relies heavily on informal re-export and transit trade with Nigeria (estimated at approximately 20 billion GDP) as well as agriculture. Women are hampered by a lack of access to economic opportunities and underrepresented in senior positions.
The company:
COMUBA is a Tier 3 institution founded 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, particularly through group loans.
Impact :
COMUBA contributes to improving the well-being of low-income women through groups, by offering them quality financial and non-financial services.