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Council of Ministers: The Beninese government releases 15 billion CFA francs for phase II of its social program

13/01/2022
Categories: General Information

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In the Council of Ministers this Wednesday, January 12, 2022, the government has just released 15 billion CFA francs for the implementation of phase II of the Alafia microcredit and the financing of the target craftsmen of the Insurance project for the Strengthening of Human Capital (ARCH) .

“In view of the success recorded by the first phase and to allow the beneficiaries to further develop their activities, it is planned for the year 2022, a disbursement volume of 15 billion FCFA”, indicates the press release from the Council of Ministers. this Wednesday, January 12, 2022. This phase II, according to the government “will consist, in addition to maintaining the credits currently granted, in setting up a new formula for taking into account requests for the tranche of 50,001 to 100,000 FCA and in finance project promoters among the target craftsmen of the ARCH project”.

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