Question 1

What is Caisse Populaire d'Épargne et de Crédit de Djibouti?

Accepted Answer

Caisse Populaire d'Épargne et de Crédit de Djibouti (CPECD or CPEC Djibouti) is a microfinance institution operating in Djibouti. As one of three savings and credit cooperatives in the country, CPEC Djibouti provides financial services primarily to micro-entrepreneurs, low-income households, women, young people, the unemployed, and those excluded from traditional banking services. The institution also serves associations and very small businesses.

CPEC Djibouti is regulated and supervised by the Central Bank of Djibouti (BCD) and operates as a cooperative financial institution where members are also depositors.

Question 2

When was Caisse Populaire d'Épargne et de Crédit de Djibouti founded?

Accepted Answer

CPEC Djibouti was established in 2009 by the Agence Djiboutienne de Développement Social (ADDS, Djibouti Social Development Agency) as the Caisse Populaire d'Épargne et de Crédit. In April 2010, it merged with the National Savings and Credit Djibouti (CNEC), which had been created in 2008 with support from IFAD (International Fund for Agricultural Development).

This merger aimed to streamline resources and build on the achievements of both entities to create a stronger, more efficient microfinance institution. Following challenges in its early years, the Central Bank placed CPEC under provisional administration in January 2012 to implement corrective measures and address operational gaps.

Question 3

Where is Caisse Populaire d'Épargne et de Crédit de Djibouti headquartered?

Accepted Answer

CPEC Djibouti is headquartered in Djibouti City, the capital and largest city of Djibouti. [Information not publicly available regarding specific address]

Question 4

Where does Caisse Populaire d'Épargne et de Crédit de Djibouti operate?

Accepted Answer

CPEC Djibouti operates service points throughout Djibouti, primarily focused on Djibouti City and surrounding areas. As one of three regional savings and credit cooperatives in the country (alongside CPEC du Nord serving Tadjourah and Obock, and CPEC du Sud serving Dikhil and Ali Sabieh), it serves the central region of the country.

Question 5

What services does Caisse Populaire d'Épargne et de Crédit de Djibouti offer?

Accepted Answer

CPEC Djibouti offers savings and credit services tailored to its target market of micro-entrepreneurs and economically vulnerable populations. The institution provides solidarity loans and individual loans designed to support income-generating activities and small business development.

Resources for lending come from member savings, loan repayments from existing customers, government credit lines, international donor programs for targeted initiatives, and interest margins. This funding model allows CPEC to operate sustainably while serving populations that lack access to traditional banking services.

Question 6

What makes Caisse Populaire d'Épargne et de Crédit de Djibouti unique?

Accepted Answer

CPEC Djibouti focuses specifically on financial inclusion for disadvantaged populations that commercial banks typically do not serve. Its mission emphasizes making financial services accessible to micro-entrepreneurs, low-income households, women, youth, and the unemployed.

The institution operates under the technical and regulatory oversight of the Central Bank of Djibouti, which provided intensive support during provisional administration to strengthen CPEC's operational capacity. The government, through the National Solidarity Fund and ADDS, has made significant investments in microfinance infrastructure and credit line mobilization to support CPEC's development.

CPEC represents part of Djibouti's broader strategy to promote self-employment and job creation among economically vulnerable populations through expanded access to financial services.

Question 7

What type of financial institution is Caisse Populaire d'Épargne et de Crédit de Djibouti?

Accepted Answer

CPEC Djibouti is a microfinance institution classified as a savings and credit cooperative (Caisse Populaire d'Épargne et de Crédit). In Djibouti's financial sector classification, it falls under the microfinance category rather than commercial or Islamic banking.

These institutions collect deposits from their members and provide microcredit services. They are regulated under Laws n°91/AN/05 and n°92/AN/05, which govern banking activities and financial institutions in Djibouti, and are supervised by the Central Bank of Djibouti. Microfinance institutions like CPEC play a complementary role to commercial banks in promoting financial inclusion and economic development.

Caisse Populaire d'Épargne et de Crédit de Djibouti

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