Services offered

VITAL-FINANCE offers four (4) types of products to the customers. There are individual credits, joint bond credit, consumer credit, and money transfer.

Individual credits and joint bond

• Target: Anyone (person or company) dwelling in Benin and having a generating income activity in one of the town where Vital Finance has a point of service;

• Duration: Twelve (12) to twenty four (24) months  maximum (by derogation);
• Period for reimbursement: monthly;
• Amount : between 50.000 FCFA and 10.000.000 FCFA for individual credits;
• Guarantee : surety for individual credit and joint bond for groups;
• Interest rates: 2% per month on the outstanding loan this leads to 13,472% per year.

Credit of joint bond

• Target: Anyone (person or company) dwelling in Benin and having a generating income activity in one of the town where Vital Finance has a point of service;
• Duration : Twelve (12) months;
• Period for reimbursement: monthly;
• Amount : Between 50.000 FCFA and 200.000 FCFA maximum for each member of the group (3 persons);
• Garante : the joint bond;
• Interest rates: 2% per month on the outstanding loan which leads to 13,472% per year.

Consumer loan

• Target: Any worker from private, public or parapublic sector in Benin;
• Duration : Twenty four  (24) months maximum;
• Period for reimbursement: monthly;
• Amount : depending on the transferable part of the salary of the worker;
• Interest rates: 2% per month on the outstanding loan this leads to 13,472% per year.