Renaca

Financial inclusion
SIDI capital financing
Yes
SIDI loan financing
Yes
Partner description

The Réseau National des Caisses Villageoises d’Épargne et de Crédit Autogérées (RENACA) is a mutual savings and credit network in Benin. The institution’s mission is to significantly strengthen the economic base of vulnerable populations, particularly in rural and peri-urban areas.

Country and/or business sector context

Benin’s economy is heavily dependent on informal trade and agriculture, which employ 90% and 70% of the working population respectively.

Partner impact

With its strong presence in rural and peri-urban areas, RENACA targets areas less served by financial service providers.