Question 1

What is Capital Finance?

Accepted Answer

Capital Finance is a microfinance institution operating in Niger. It is classified as an Institution Mutualiste et Coopérative d'Épargne et de Crédit (IMCEC), which is a type of cooperative savings and credit institution under the West African Economic and Monetary Union (WAEMU) regulatory framework.

Capital Finance is one of the established microfinance institutions in Niger's decentralized financial sector. The institution is subject to supervision by the Commission Bancaire de l'UMOA (Banking Commission of WAEMU) and operates under national oversight by the Agence de Régulation du Secteur de la Microfinance (ARSM).

Question 2

When was Capital Finance founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Capital Finance headquartered?

Accepted Answer

Capital Finance is headquartered in Niger. The institution's leadership includes Boureima BANA, who has served as the Président Directeur Général (President and CEO).

Boureima BANA also held the position of president of the Association Professionnelle des Systèmes Financiers Décentralisés du Niger (AP/SFD Niger), the professional association of decentralized financial systems in Niger, demonstrating Capital Finance's active role in the country's microfinance sector.

Question 4

Where does Capital Finance operate?

Accepted Answer

Capital Finance operates within Niger, serving communities through the country's decentralized financial system. As a microfinance institution in Niger, Capital Finance operates in a market that has experienced significant evolution, with the microfinance sector playing a crucial role in promoting financial inclusion for populations that may not have access to traditional banking services.

Niger's microfinance sector serves primarily rural and underserved populations across the country.

Question 5

What services does Capital Finance offer?

Accepted Answer

As an IMCEC-type microfinance institution, Capital Finance offers core microfinance services including:

Savings and Deposits: Mobilizing deposits from members and clients to promote savings culture and financial discipline.

Credit and Lending: Providing loans to individuals, small businesses, and entrepreneurs who typically lack access to conventional banking credit. This includes support for agricultural activities, small commerce, and income-generating projects.

Financial Inclusion Services: Serving as a bridge between the unbanked population and formal financial services, particularly in areas where traditional banks are not present.

The institution operates under the WAEMU microfinance regulatory framework, which limits microfinance institutions to collecting deposits, granting loans, and providing signature commitments.

Question 6

What makes Capital Finance unique?

Accepted Answer

Capital Finance is recognized as one of the significant players in Niger's microfinance sector. In 2014, the institution was listed among eight major microfinance institutions that collectively represented 74% of the clientele, mobilized 90% of deposits, and granted 71% of credits in Niger's decentralized financial system.

The institution's leadership has been actively involved in shaping Niger's microfinance policy landscape through participation in industry associations and regulatory discussions. This positions Capital Finance as an institution committed to both serving its clients and contributing to the development of Niger's financial inclusion framework.

As part of the IMCEC category, Capital Finance operates within a cooperative and mutualist model, which emphasizes member ownership and democratic governance structures.

Question 7

What type of financial institution is Capital Finance?

Accepted Answer

Capital Finance is an Institution Mutualiste et Coopérative d'Épargne et de Crédit (IMCEC), which is a cooperative and mutualist savings and credit institution. This is one of three categories of microfinance institutions recognized under the WAEMU PARMEC law (Projet d'Appui à la Réglementation sur les Mutuelles d'Épargne et de Crédit).

IMCECs are characterized by their cooperative structure, where members are simultaneously clients and co-owners of the institution. This model emphasizes mutual solidarity, democratic governance, and financial services designed to meet the needs of members and local communities.

The institution is regulated by the Commission Bancaire de l'UMOA at the regional level and supervised by the Agence de Régulation du Secteur de la Microfinance (ARSM) at the national level in Niger.

Capital Finance

in Niger 🇳🇪

Crypto-Friendliness

All done!

About Capital Finance in Niger