Cotonou, June 18, 2025 – The pan-African group Coris Holding is reaching a strategic milestone in Benin with the official launch of Coris Méso Finance Benin (CMF-Benin), an institution dedicated to financing small and medium-sized enterprises. Accredited as a Decentralized Financial System (SFD) by the Beninese Ministry of Finance, this new entity aims to fill a structural gap between microfinance and traditional banking.
A targeted response to the needs of intermediate enterprises
CMF-Benin positions itself as the “meso” financing solution, designed for entities too large for traditional microfinance, but not yet structured enough to access traditional banking services. Its ambition: accelerate financial inclusion, stimulate entrepreneurial innovation, and support the growth of local businesses, which are the backbone of the Beninese economy.
“Coris Méso Finance is the missing element in the financial landscape of Benin,” said Ablassé Ilboudo, Deputy General Manager of Coris Holding, responsible for strategy and development.
Proximity, personalization, and digitalization
With an initial capital of one billion CFA francs, CMF-Benin relies on a field approach and an on-site evaluation method. The first contact takes place at the client’s place of business, allowing for a direct analysis of the needs, potential, and risks associated with each case.
“We want to build a strong bridge between microfinance and banking,” said Harouna Bio, General Manager of CMF-Benin. The institution offers a range of tailored financial services: direct loans, indirect commitments (guarantees, sureties), fast transfers, and digital solutions to support entrepreneurs on a daily basis.
Mobile credit as an inclusion lever
A true innovation in the Beninese financial sector, CMF-Benin introduces a mobile credit model. Business development officers travel directly to the client, evaluating the project in its real environment. This approach promotes a relationship of trust and enhanced financial inclusion, especially for participants in the informal economy.
“Our mission is clear: facilitate access to financing, promote entrepreneurship, and contribute to sustainable growth,” reminded Jean-Jacques Golou, Chairman of the Board of Directors of CMF-Benin.
Enhanced technical support
In addition to financial services, CMF-Benin will provide training and seminars to enhance the capacities of entrepreneurs. “Technical support is a fundamental pillar to ensure the sustainability of businesses,” added Harouna Bio.
The initiative is praised by industry stakeholders. Ignace Dovi, General Manager of the Professional Association of SFDs in Benin, emphasizes: “The meso level has always lacked actors. Coris Méso Finance fills this gap with relevance.”
