Question 1

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

Accepted Answer

Coopérative d'Épargne et de Crédit de Soubré is a savings and credit cooperative operating in southwestern 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 largest and most established microfinance network. The cooperative provides financial services to underserved populations in the Soubré region.

As part of UNACOOPEC-CI, it is affiliated with an ISO 9001:2015 certified network, 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 Soubré founded?

Accepted Answer

The cooperative was established as part of the UNACOOPEC-CI network. While the specific founding date of the Soubré cooperative is not publicly available, it operates within a network with roots dating back to 1976 when the first rural savings and loan cooperative was created at Kouto.

The UNACOOPEC network has evolved over nearly five decades, expanding from rural agricultural areas to urban centers across Côte d'Ivoire.

Question 3

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

Accepted Answer

The cooperative is headquartered in Soubré, a city in the Nawa region of southwestern Côte d'Ivoire. Soubré is located approximately 360 kilometers west of Abidjan, the country's economic capital.

Question 4

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

Accepted Answer

The cooperative primarily operates in the Soubré area and surrounding communities in southwestern Côte d'Ivoire. This region is a major cocoa-producing area, with agriculture forming the backbone of the local economy.

As a member of UNACOOPEC-CI, it is part of a network of 24 COOPECs with 144 service points across the country, though this cooperative focuses on serving its local agricultural and commercial communities.

Question 5

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

Accepted Answer

Through the UNACOOPEC network, the cooperative provides:
• Savings products including regular savings accounts, term deposits, and savings bonus schemes
• Credit facilities for agriculture, agribusiness, commerce, equipment acquisition, and consumption needs
• Money transfer services through partnerships with major money transfer operators
• Electronic payment services including mobile banking and online platforms
• Micro-insurance products covering health, funeral, and other risks
• Salary and pension payment services for businesses and organizations
• Government program administration including support for women entrepreneurs, youth employment, and small business development

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

Question 6

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

Accepted Answer

As a member of UNACOOPEC-CI, the cooperative is part of a network recognized as the best microfinance institution in Côte d'Ivoire (2020 Award). The network has injected over 1,795 billion CFA francs into the national economy, supporting vulnerable populations without easy access to traditional banking.

The cooperative operates on mutual principles where members collectively own and democratically control the institution. This ensures financial services remain accessible and responsive to local agricultural communities, particularly cocoa farmers and rural entrepreneurs.

The institution serves a critical agricultural region, providing financing that supports Côte d'Ivoire's position as the world's leading cocoa producer. With over 1,000 staff across the network and financing for more than 2,400 micro-entrepreneur projects in five years, UNACOOPEC demonstrates significant economic impact.

Question 7

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

Accepted Answer

Coopérative d'Épargne et de Crédit de Soubré 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, and the principle of one member, one vote.

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