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Financial education in Benin: After 4 years, ADAPAMI takes stock of its activities; approximately 100,000 people impacted

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After four years of running the ADAPAMI project, it was time to take stock. It was the Majestic de Fidjrossè conference room that hosted the work this Thursday, December 15, 2022. On the occasion, the Director of the ADAPAMI project, Maurille Maurice Couthon declined the objectives of this meeting.

On the one hand, it is a question of presenting the balance sheet of the program and on the other hand of handing over the certificates and attestations to the master trainers and to the field animators of the said program. Taking advantage of this forum, he expressed his gratitude to the government, to the Head of Canadian Cooperation in Benin and his entire team for the success of the project activities. He did not fail to thank the various DFS partners and associations who contributed to the success of the program.

At the desk, Brice Dansou, representative of the Minister of Microfinance, let it be understood that his satisfaction is even greater to note that ADAPAMI has contributed to the training of more than thirty agents from different CPSs through the partnership with the Directorate General of Microfinance. “From 2018 to date, out of the 65,000 people planned, more than 90,000 people have been trained in sound financial management of personal resources, the principles of developing income-generating activities, securing assets, budgeting, conditions for granting credit, the principles of good credit management”, he added.

For him, this glowing assessment is attributable to all the stakeholders of the ADAPAMI project, in particular the managers of the DFS, field facilitators and master trainers who believed in this financial education program. To date, given the many testimonials from clients and the results of the final evaluation study of the financial education program, he congratulated the efforts made and the results obtained.

From 2018 to 2022, several actions have been carried out. We can cite among others: the development of the financial education strategy, the capacity building of facilitators and trainers, the design of the training program, the development of a reporting system, the dissemination of programs to populations. This ongoing dynamic cannot end with the end of the program obtained thanks to Canadian cooperation.

In the presence of technical and financial partners and other players in the microfinance sector, Brice Dansou made a commitment on behalf of the Ministry of Social Affairs and Microfinance, to support the professional association of decentralized financial systems and the structures under authorities involved in the promotion of financial education to properly capitalize on the experiences and acquired through the ADAPAMI project.

Abundant in the same direction as his predecessor, Ignace Dovi Director General of the Professional Association of Decentralized Financial Systems, welcomed the efforts made by the technical and financial partners and all the players in the microfinance sector who have worked to improve basic financial services in Benin. Better, he praised the contribution of the ADAPAMI project to the financial education of the populations in charge of the microfinance service.

Main financial support of the ADAPAMI project, the Head of Canadian Cooperation in Benin, Myriam Pierre-Louis suggested that more than a thousand people have had the chance since the launch of the project to be more informed about the possibilities and opportunities offered by DFS in terms of securing their livelihoods as well as access to knowledge and skills in financial management. According to him, a final evaluation showed that these trainings organized within the framework of the ADAPAMI project had positive impacts on the beneficiaries. “You are the foundations on which new initiatives in financial education will be built. You are now financial education ambassadors. Your experiences will serve as an anchor for the various actions in financial education in your structures”, she will conclude.



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