Affordable glasses for the lower and middle classes in Benin, Côte d'Ivoire and Togo

Health
Benin Côte d'Ivoire Togo Multi-country Africa
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Proparco has allocated financing to Lapaire, a specialist in retailing quality low-cost glasses.
Client presentation

Lapaire is a chain of opticians offering its clients in West and East Africa quality low-cost glasses. With its prices and flexible payment options, Lapaire targets lower and middle-class people (45% of its clients earn less than the average income). The vast majority of them do not have insurance (or it does not cover optical costs).    

Project description

Proparco is supporting Lapaire with EUR 450,000 of Bridge by Digital Africa financing. With this financing, Lapaire will be able to break even and stabilize the group’s economic model and profitability.   

Project impact

95% of Lapaire’s clients do not have insurance, compared to 10% for normal opticians. In this context, 70% of Lapaire’s client base is also made up of people buying their first pair, despite having problems with their eyesight for a long time. This shows how Lapaire’s activity changes the lives of its clients.   

Download the project sheet

This information is given at the time of signature, without prejudice to any developments in the operation/project 
07/09/2024
Date of signature of the project
Health
Sectors
Benin Côte d'Ivoire Togo Multi-country Africa
Location
Loan
Financing tool
450 000 Euros
Amount of funding
EUR 450,000 loan
Financing details
Lapaire Glasses SA
Client
Switzerland
Head office country
PZZ1718
Project number
CES