ACEP Pikine
in Senegal 🇸🇳
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About ACEP Pikine in Senegal
ACEP Pikine is a mutual savings and credit institution (Caisse Mutuelle d'Épargne et de Crédit) that forms part of UM ACEP (Union des Mutuelles Alliance de Crédit et d'Epargne pour la Production), a network of 11 affiliated mutual credit unions in Senegal. As a microfinance institution, ACEP Pikine specializes in providing accessible financial services to populations traditionally excluded from formal banking, including micro-entrepreneurs, small agricultural producers, artisans, and women-led businesses. The institution serves approximately 320,000 member-clients across Senegal.
ACEP Pikine operates under a cooperative model where clients become sociétaires (member-shareholders) by purchasing a share when opening an account. This membership structure means that profits are reinvested into the institution rather than distributed to external shareholders.