Question 1

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

Accepted Answer

Coopérative d'Épargne et de Crédit de Transua is a savings and credit cooperative operating in 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 premier microfinance network with over 45 years of experience. The cooperative provides financial services to underserved populations in its service area.

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 Transua founded?

Accepted Answer

The cooperative was established as part of the UNACOOPEC-CI network. While the specific founding date of the Transua cooperative is not publicly available, it operates within a network whose history began in 1976 with the creation of the first rural savings and loan cooperative at Kouto in northern Côte d'Ivoire.

The UNACOOPEC network has undergone significant evolution over nearly five decades, expanding from rural agricultural areas to include urban and peri-urban centers across the country.

Question 3

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

Accepted Answer

The cooperative is headquartered in its service area within Côte d'Ivoire. As a member of UNACOOPEC-CI, it maintains a local presence to serve its community members directly.

The UNACOOPEC-CI network headquarters is located at II Plateaux les Vallons, Immeuble Fraké, in Abidjan, Côte d'Ivoire's economic capital.

Question 4

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

Accepted Answer

The cooperative operates in its designated service area within Côte d'Ivoire. As a member of UNACOOPEC-CI, it is part of a network of 24 COOPECs operating 144 service points across urban, peri-urban, and rural areas throughout the country.

The network serves over 1 million members across the entire national territory of Côte d'Ivoire.

Question 5

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

Accepted Answer

Through the UNACOOPEC network, the cooperative provides:
• Savings products including regular savings accounts, term deposits, and savings bonus schemes with quarterly lottery draws
• Credit facilities for agriculture, agribusiness, commerce, equipment, consumption, and public/private contracts
• Money transfer services through partnerships with major money transfer operators
• Electronic payment services including mobile banking and digital payment solutions
• Micro-insurance products covering health insurance, funeral insurance, and savings-linked insurance
• Salary and pension payment services for employers and organizations
• Government program administration including women's support funds (FAFCI), youth employment funds (AGIR pour les jeunes), transport funds, and small business support programs

The cooperative also provides financial education and business creation accompaniment to members.

Question 6

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

Accepted Answer

As a member of UNACOOPEC-CI, the cooperative is part of an award-winning network recognized as the Best Microfinance Institution of Côte d'Ivoire in 2020. The network has injected over 1,795 billion CFA francs into the Ivorian economy, supporting vulnerable populations who lack easy access to traditional banking services.

The cooperative operates on mutual principles where members collectively own and democratically control the institution through general assemblies. This ensures services remain focused on member needs rather than profit maximization.

UNACOOPEC-CI has demonstrated remarkable resilience, maintaining operations and serving members even during the sociopolitical crises that affected Côte d'Ivoire from 1999 to 2011. The network is a trusted partner of the government and has been selected to administer the National Program for Participatory Microfinance (PNMP-CI), a partnership with the Islamic Development Bank worth 22.64 million USD.

Question 7

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

Accepted Answer

Coopérative d'Épargne et de Crédit de Transua 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 including democratic member control, equitable capital contribution through share purchases, volunteer governance, and the principle of one member, one vote.

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