Question 1

What is Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement?

Accepted Answer

Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement (ASJD) is a microfinance institution operating in Togo. It specializes in providing financial and non-financial services to micro-entrepreneurs, including artisans, merchants, and women developing income-generating activities. As a mutual institution, ASJD focuses on youth development and economic empowerment.

ASJD is classified as a large-scale decentralized financial system (SFD) and is supervised by the Banking Commission of the West African Economic and Monetary Union (CB-UMOA). The institution operates with seven branches across Togo, serving members through a cooperative model that emphasizes sustainable financial inclusion.

Question 2

When was Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement founded?

Accepted Answer

ASJD began its operations on August 2, 1997. The institution was established to address the financial exclusion of youth and micro-entrepreneurs who lacked access to traditional banking services in Togo.

The mutual was initially governed under regulatory frameworks for microfinance institutions and received official authorization under agreement N°243/MEF/CAS-IMEC, which was subsequently modified by decree N°104/MEF/SG/CAS-IMEC on May 29, 2018. Since 2011, ASJD has operated under Law N°2011-009 of May 12, 2011, which governs decentralized financial systems in Togo.

Question 3

Where is Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement headquartered?

Accepted Answer

ASJD's headquarters is located in Totsi, Lomé, specifically behind the Totsi market and near the ISAGES school. Lomé serves as Togo's capital and largest city, making it the economic and financial center of the country.

Question 4

Where does Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement operate?

Accepted Answer

ASJD operates throughout Togo with a network of seven branches spread across different regions. The institution has a particular focus on serving both urban and semi-urban areas, with specific emphasis on reaching underserved populations in areas where access to traditional banking services is limited.

The mutual's branch network enables it to serve members across various regions of Togo, supporting the institution's mission to promote financial inclusion throughout the country.

Question 5

What services does Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement offer?

Accepted Answer

ASJD offers a comprehensive range of savings and credit products tailored to the needs of micro-entrepreneurs. Core services include deposit accounts, various credit facilities, and financial education programs. The institution provides loans specifically designed for small business owners, artisans, and women entrepreneurs.

In September 2024, ASJD launched Talento, an innovative digital financial services platform. Talento integrates mobile money services through partnerships with Moov-Africa and Togocom, as well as mobile banking via the Bindoo mobile application. The platform functions without requiring internet connectivity.

Through Talento, clients can access multiple digital banking services including mobile banking, web banking, and SMS banking. Specific features include account balance inquiries, statement access, deposits and withdrawals, credit repayments, loan application simulations, credit tracking, and bill payments. The platform was developed starting in 2022 to enhance financial inclusion, particularly for clients in rural and semi-urban areas.

Question 6

What makes Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement unique?

Accepted Answer

ASJD distinguishes itself through its strong commitment to youth economic development and its focus on serving micro-entrepreneurs who are often excluded from traditional banking systems. The mutual's cooperative structure ensures that members have a voice in the institution's governance and direction.

The institution's innovative approach to digital transformation sets it apart in Togo's microfinance sector. The Talento platform represents a significant advancement in making financial services accessible without requiring internet connectivity, addressing a critical barrier to financial inclusion in regions with limited digital infrastructure.

According to statistics from the Central Bank of West African States (BCEAO), ASJD closed 2022 with total assets of 5.46 billion CFA francs, demonstrating its financial strength and stability. The institution's emphasis on combining traditional microfinance services with cutting-edge digital solutions positions it as a forward-thinking player in Togo's financial inclusion landscape.

Question 7

What type of financial institution is Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement?

Accepted Answer

ASJD is classified as an Institution Mutualiste d'Épargne et de Crédit (IMEC), which translates to a mutual savings and credit institution. This category represents cooperative financial institutions in the UMOA region.

As a mutual institution, ASJD operates on cooperative principles where members are both owners and clients. This structure is characteristic of microfinance institutions in West Africa that emerged to serve populations excluded from conventional banking. The institution is regulated as a large-scale decentralized financial system (Système Financier Décentralisé de Grande Taille) under the supervision of the Banking Commission of UMOA, reflecting its significant size and importance within Togo's microfinance sector.

Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement

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About Mutuelle d'Appui et de Soutien aux Jeunes pour le Développement in Togo

Mutuelle d'Appui et de Soutien aux Jeunes pour le Dévelo­ppement