On the handlebars of his tricycle, Denis Ahissou touches every day the benefits of domestic savings.
Five years ago, this Beninese was able to start his own business in the transport of goods after receiving the fruits of his efforts kept in a tontine. Although he does not roll on gold, he is proud to be his own boss.
« Before, it was necessary to wait until the end of the month before taking a salary. But currently, every day, I am able to drop something and my wife is comfortable and my children, with that, they attend, « rejoices the young entrepreneur.
For the past year, a local financial inclusion company has organized savings awareness sessions for World Savings Day. In the course of the exchanges, experts warn against what they call « risky savings ».
« People do not usually have all the information. And you will see, there are some who engage in risky savings. Risky savings are the savings that are made under the mattresses at home, in holes, in cans … There is savings that is made with non-formal institutions, and with neighborhood tontiniers » explains Armelle Allavo, organizer of Benin’s savings day.
The savings rate in Benin is officially less than 17% of GDP. The formal financial sector would like to improve this figure. The task is not easy whereas most of the population prefers the tontine system. A system through which Denis is now at the head of a small company and was able to buy a second tricycle.