Question 1

What is Coopérative d'Épargne et de Crédit de Duekoué?

Accepted Answer

Coopérative d'Épargne et de Crédit de Duekoué is a savings and credit cooperative operating in western Côte d'Ivoire. It is a member of the UNACOOPEC-CI network (Union Nationale des Coopératives d'Épargne et de Crédit de Côte d'Ivoire), the country's largest microfinance network. The cooperative provides financial services to underserved populations in the Duekoué region.

As part of UNACOOPEC-CI, it benefits from the network's ISO 9001:2015 certification, making it part of the only internationally certified microfinance institution in Côte d'Ivoire. The cooperative is regulated by the Commission Bancaire de l'UMOA.

Question 2

When was Coopérative d'Épargne et de Crédit de Duekoué founded?

Accepted Answer

The cooperative was established as part of the UNACOOPEC-CI network, which traces its origins to 1976 when the first rural savings and loan cooperative was created in Kouto. The UNACOOPEC network has evolved over nearly 50 years, expanding from rural areas to urban centers across Côte d'Ivoire.

The specific founding date of the Duekoué cooperative is not publicly available, but it operates within a network that has served over 45 years of promoting financial inclusion.

Question 3

Where is Coopérative d'Épargne et de Crédit de Duekoué headquartered?

Accepted Answer

The cooperative is headquartered in Duekoué, a city in the Guémon region of western Côte d'Ivoire. Duekoué is located approximately 420 kilometers northwest of Abidjan, near the border with Liberia.

Question 4

Where does Coopérative d'Épargne et de Crédit de Duekoué operate?

Accepted Answer

The cooperative primarily operates in the Duekoué area and surrounding communities in western Côte d'Ivoire. This region has significant agricultural activity, particularly in cocoa and coffee production.

As a member of UNACOOPEC-CI, it is part of a network of 24 COOPECs operating 144 service points across Côte d'Ivoire, but this specific cooperative focuses on serving its local community in the west.

Question 5

What services does Coopérative d'Épargne et de Crédit de Duekoué offer?

Accepted Answer

Through the UNACOOPEC network, the cooperative provides:
• Savings products including regular savings accounts and term deposits
• Credit facilities for agriculture, commerce, equipment, and consumption
• Money transfers through partnerships with major money transfer operators
• Electronic payment services including mobile money integration
• Micro-insurance products covering health, funeral, and savings bonus schemes
• Government program administration including youth employment funds and women's support programs

The cooperative also provides financial education and entrepreneurship support to members.

Question 6

What makes Coopérative d'Épargne et de Crédit de Duekoué unique?

Accepted Answer

As a member of UNACOOPEC-CI, the cooperative benefits from being part of a network that has injected over 1,795 billion CFA francs into the Ivorian economy. The network was awarded the Best Microfinance Institution of Côte d'Ivoire prize in 2020.

The cooperative operates on mutual principles where members collectively own and democratically govern the institution. This cooperative model ensures that financial services remain accessible and responsive to local community needs, particularly for vulnerable populations without access to traditional banking.

The institution serves agricultural communities in a region that experienced significant conflict, demonstrating resilience and commitment to financial inclusion even during challenging times.

Question 7

What type of financial institution is Coopérative d'Épargne et de Crédit de Duekoué?

Accepted Answer

Coopérative d'Épargne et de Crédit de Duekoué is a Coopérative d'Épargne et de Crédit (COOPEC), which is a savings and credit cooperative. This institutional type is specifically recognized under West African Monetary Union microfinance regulations.

COOPECs are member-owned mutual financial institutions classified within Côte d'Ivoire's decentralized financial system (Système Financier Décentralisé). They operate on cooperative principles of democratic member control and mutual assistance.

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