Question 1

What is Coopérative d'Épargne et de Crédit La Fructueuse?

Accepted Answer

Coopérative d'Épargne et de Crédit La Fructueuse (COOPEC LA FRUCTUEUSE) is a savings and credit cooperative operating in Togo's microfinance sector. As a member-owned financial cooperative, it provides essential banking services to individuals, small businesses, and community organizations. The institution operates as a Système Financier Décentralisé (SFD), which is Togo's designation for decentralized financial systems including credit unions and cooperative banks.

COOPEC La Fructueuse is one of the officially recognized microfinance institutions supervised by the Commission Bancaire de l'UMOA (West African Economic and Monetary Union Banking Commission) and falls under the regulatory oversight of Togo's Ministry of Economy and Finance.

Question 2

When was Coopérative d'Épargne et de Crédit La Fructueuse founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Coopérative d'Épargne et de Crédit La Fructueuse headquartered?

Accepted Answer

The headquarters location for COOPEC La Fructueuse is not publicly documented. The institution operates within Togo's microfinance network and does not maintain a public website.

Question 4

Where does Coopérative d'Épargne et de Crédit La Fructueuse operate?

Accepted Answer

COOPEC La Fructueuse operates in Togo, serving local communities through its cooperative structure. As part of the country's decentralized financial system, it provides financial services to members across its operational area. Specific branch locations and geographic coverage are not publicly available.

Question 5

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

Accepted Answer

COOPEC La Fructueuse provides typical cooperative financial services to its members, including:

Savings products: Various deposit accounts allowing members to save securely. These typically include demand deposits for daily transactions and term deposits offering higher returns for longer-term commitments.

Credit facilities: Loans designed to meet member needs, which may include agricultural financing, small business loans, consumer credit, and emergency funding. Credit terms are generally structured based on member savings and repayment capacity.

Cooperative membership: To access services, individuals must become members by purchasing shares and paying membership fees. This ownership structure gives members voting rights and a stake in the cooperative's success.

The cooperative model emphasizes financial education and community development alongside traditional banking services.

Question 6

What makes Coopérative d'Épargne et de Crédit La Fructueuse unique?

Accepted Answer

COOPEC La Fructueuse operates on cooperative principles where members are both owners and customers. This democratic structure ensures that financial services are designed to meet member needs rather than maximize profits.

The name "La Fructueuse" (meaning "The Fruitful One") reflects the cooperative's mission to help members achieve productive and prosperous outcomes through access to financial services.

As a locally-rooted institution, COOPEC La Fructueuse focuses on financial inclusion for populations often excluded from conventional banking, including rural residents, informal sector workers, and small-scale entrepreneurs.

Question 7

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

Accepted Answer

COOPEC La Fructueuse is a Coopérative d'Épargne et de Crédit (Savings and Credit Cooperative), classified as a Système Financier Décentralisé (SFD) under Togolese law. This designation applies to member-owned financial cooperatives operating within the UMOA (West African Economic and Monetary Union) regulatory framework.

COOPECs are not-for-profit, member-governed institutions that pool resources from their membership to provide savings and credit services. They operate under Law No. 2011-009 of May 12, 2011, which regulates Decentralized Financial Systems in Togo, and are supervised by the UMOA Banking Commission.

This institutional model emphasizes mutual assistance, participatory governance, and community-focused financial services, distinguishing it from commercial banks and other profit-driven financial entities.

Coopérative d'Épargne et de Crédit La Fructueuse

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About Coopérative d'Épargne et de Crédit La Fructueuse in Togo