MicroFinancing in Benin
Micro-Financing: Economic support
Taking advantage of exchange rates, Micro-Financing allows the dollar to make a larger impact. Microfinance refers to a range of financial services offered to individuals and small businesses, in developing countries, who typically lack access to traditional banking services due to low income, lack of collateral, or limited credit history. These services are aimed at promoting financial inclusion and helping people improve their livelihoods and become more self-sufficient.
An amount of $50 can lift up a business owner overseas and support them for months to come. MMEC Seattle seeks to provide 150 people in Benin with financing up to $100. Most of these businesses are local artisans, food preparers, and independent mini-retail businesses.
Thanks to all who have supported thus far :)
Larger Enterprises
Larger-Scale startups MMEC actively seeks to invest in. Their information has been compiled and pasted by us below. Contact us if you are interested in supporting these Start-Ups
(Prices are all in CFA)
Chicken farming business Click the images below to see the French and English start-up documentation
This business is one started by a local college graduate MMEC had been supporting until graduation. We are confident in her managerial skills and have reviewed these documents as complied.
