Question 1

What is Coopérative d'Épargne et de Crédit de Cocody Nord?

Accepted Answer

Coopérative d'Épargne et de Crédit de Cocody Nord is a savings and credit cooperative (COOPEC) operating in Côte d'Ivoire. As a member of the country's microfinance sector, it provides financial services to underserved populations in the Cocody Nord area of Abidjan. The cooperative is regulated by the Commission Bancaire de l'UMOA (West African Monetary Union Banking Commission).

The institution operates as a community-based financial cooperative serving local members. It is part of Côte d'Ivoire's extensive network of savings and credit cooperatives that have been instrumental in promoting financial inclusion since the 1970s.

Question 2

When was Coopérative d'Épargne et de Crédit de Cocody Nord founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Coopérative d'Épargne et de Crédit de Cocody Nord headquartered?

Accepted Answer

The cooperative is headquartered in Cocody Nord, a district within the Cocody commune of Abidjan, Côte d'Ivoire. Cocody is one of the most developed urban areas of Abidjan, the country's economic capital.

Question 4

Where does Coopérative d'Épargne et de Crédit de Cocody Nord operate?

Accepted Answer

The cooperative primarily operates in the Cocody Nord area of Abidjan. As a localized COOPEC, it focuses on serving its immediate community and local members within this specific district of the capital city.

Question 5

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

Accepted Answer

The cooperative provides core microfinance services including:
• Savings accounts allowing members to deposit and accumulate funds
• Credit facilities offering loans to members for personal, commercial, and productive purposes
• Member education on financial literacy and responsible credit use

Services are provided to members who purchase shares in the cooperative, following the mutuality principle of one person, one vote.

Question 6

What makes Coopérative d'Épargne et de Crédit de Cocody Nord unique?

Accepted Answer

The cooperative operates on mutual principles where members collectively own and democratically control the institution. This cooperative structure distinguishes it from traditional commercial financial institutions.

Members serve on governance bodies as volunteers, making decisions through general assemblies. This grassroots approach ensures that the institution remains focused on member needs rather than profit maximization.

The cooperative does not operate a website, focusing instead on direct, in-person member services and community engagement.

Question 7

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

Accepted Answer

Coopérative d'Épargne et de Crédit de Cocody Nord 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 regulations.

COOPECs are member-owned mutual financial institutions that operate on cooperative principles. They are classified within Côte d'Ivoire's decentralized financial system (Système Financier Décentralisé) and serve populations often excluded from traditional banking services.

Coopérative d'Épargne et de Crédit de Cocody Nord

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