The FECECAM in Benin and the Le Levier Federation in Haiti boost support for local entrepreneurs

September 17, 2018

This Monday, September 17, the FECECAM cooperative network launched a new financial centre for entrepreneurs in Parakou, in the northern part of Benin. This is the second financial centre for entrepreneurs set up by the FECECAM with support from DID.

This new specialized centre will provide entrepreneurs with financial services adapted to their respective business sectors. It was developed as part of the ADAPAMI support project for developing, professionalizing and revitalizing microfinance in Benin, which is carried out by DID with financial support from Global Affairs Canada. This major project aims to ensure the financial inclusion of 500,000 Beninese, of which 60% are women.

A few weeks earlier, The Le Levier federation of Haitian financial cooperatives had also opened its second entrepreneur financial centre (EFC), this time in the southern city of Les Cayes. The new EFC belongs to five local co-ops and provides specialized financial services tailored to the needs of entrepreneurs in various sectors of activity. Financial support from the Inter-American Development Bank and the Caribbean Development Bank helped make this project possible.

The new EFC complements the successful DID-led national support program for organizing Haitian entrepreneurship, which receives financial support from Global Affairs Canada. The goal of this country-wide program is to provide better access to financial services for Haitian micro, small and medium enterprises.