coopec-ad/benin

What coopec-ad/benin does

COOPEC-AD/BENIN (Coopérative d'Epargne et de Crédit des Assemblées de Dieu du Bénin) is a Beninese cooperative microfinance institution founded in July 2008 and renamed to its present form in May 2010. It originated from the microfinance division of BUPDOS-ONG, the development arm of the Church of Assemblies of God of Benin, and remains spiritually and institutionally anchored within that church community. The institution operates through eleven agency branches plus one permanent church-based counter, distributed across southern and central Benin in Godomey (headquarters), Aïbatin 2, Comè, Cococodji, Porto-Novo, Parakou, Bohicon, Glazoué, Lokossa, Jéricho, and Azovè.

The product platform spans four service categories: savings (five account types ranging from demand deposits to term deposits earning 2-7% annually), credit (nine loan products covering micro-credit, agriculture, warrantage, micro-enterprise, salaried workers, tontine advances, education, and group lending at 1.5-1.75% monthly declining interest), tontine (a passbook-based rotating savings scheme), and money transfer agency services delivered through Western Union, RIA, MoneyGram, MTN Mobile Money, and Moov Money. Service delivery is exclusively branch-based with no proprietary technology stack, mobile application, or API disclosed; customer contact runs through the website, Facebook Messenger, telephone, and in-person visits.

The revenue model combines interest income from the credit book (the dominant stream), recurring monthly account maintenance fees (200-300 FCFA), and transaction commissions on money transfers and tontine book transfers. Target segments span individuals, farmers, livestock breeders, fishermen, micro-entrepreneurs, salaried workers, informal groups, and religious structures, with loan ceilings reaching 15M FCFA for individuals and up to 30M FCFA for enterprises and religious groups.

Name

coopec-ad/benin

Legal name

Coopérative d'Epargne et de Crédit des Assemblées de Dieu du Bénin

Website

https://coopecadbenin.bj

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

COOPEC-AD/BENIN is a Beninese cooperative microfinance institution affiliated with the Assemblies of God Church of Benin, operating 11 branches that offer savings accounts, credit, tontine, and money transfer services to individuals, farmers, micro-entrepreneurs, salaried workers, and religious structures.

Ownership category

akta.pro rank

Product category

Microfinance / Cooperative Banking

NAICS

Credit Unions (52213)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Community Development Credit Unions (CDCUs) (FSABAEAC)

akta.pro secondary industry

International Money Transfer Operators (MTOs) (FSAMAIAE)

Keywords

• Microfinance services
• Savings accounts
• Agricultural credit
• Tontine savings
• Money transfer services

Headquarters

HQ city

Godomey

HQ country

Benin

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Credit Interest Income: Interest income from various loan products including agricultural credits, micro-enterprise loans, salary credits, group credits, and tontine advances. Interest rates range from 1.5% to 1.75% monthly declining rate.
2. Account Management Fees: Monthly account maintenance fees: 200 FCFA for individuals, 300 FCFA for legal entities. Additional fees for account statements, payment order booklets, and account closure.
3. Money Transfer Commissions: Commissions earned from money transfer services through partnerships with RIA, Western Union, MoneyGram, MTN Mobile Money, and Moov Money.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

COOPEC-AD/BENIN is a cooperative microfinance institution providing savings accounts, credit/loan products (including agricultural, micro-enterprise, salary-backed, group, and education loans), tontine (rotating savings) schemes, and money transfer services through five international and mobile money partners. The institution serves individuals, groups, associations, religious structures, and legal entities across Benin through a network of 11 branch agencies. All services are delivered in person at physical branches, with no digital self-service channels currently offered.

Product overview

COOPEC-AD/BENIN is a microfinance institution (Cooperativa d'Épargne et de Crédit des Assemblées de Dieu du Bénin) offering a unified financial services platform centered around four core service categories: savings/deposit products, credit/loan products, tontine savings, and money transfer services. The savings portfolio includes five account types (Dépôt à Vue, Compte Courant, Epargne sur Livret, Epargne Bloquée, and Dépôt à Terme) plus an Epargne Tontine product. The credit portfolio comprises nine distinct loan products targeting individuals, micro-entrepreneurs, salaried workers, agricultural actors, and groups. Money transfer services are delivered through partnerships with five international and mobile money providers (RIA, Western Union, MoneyGram, MTN Mobile Money, Moov Money). The institution operates 11 agency branches across Benin.

Differentiator

Problem solved

Functional benefit

Products and services

• Dépôt à Vue (DAV) - Current Account
• Compte Courant (CC) - Checking Account
• Epargne sur Livret (EL) - Passbook Savings Account
• Epargne Bloquée (EB) - Blocked Savings
• Dépôt à Terme (DAT) - Term Deposit
• Epargne Tontine (ET) - Tontine Savings
• Tout Petit Crédit aux Personnes à Faibles Revenus (TPCPFR) - Micro-Credit for Low-Income Persons
• Crédits à l'Agriculture, à l'Elevage et la Pêche (CAEP) - Agriculture, Livestock and Fishery Credit
• Crédits d'Achat de Produit et leur Stockage (CAPS) - Product Purchase and Storage Credit
• Crédits Warrantage (CW) - Warrant Credit
• Crédit sur Bon de Commande et Préfinancement de Marché (CBCPFM) - Purchase Order and Market Pre-Financing Credit
• Crédit aux Micro-Entrepreneurs (CME) - Micro-Entrepreneur Credit
• Crédit aux Salariés (CSAL) - Salaried Worker Credit
• Crédit Avances sur Tontine (CAT) - Tontine Advance Credit
• Crédits Scolaires (C Scol) - Education Credit
• Crédit aux Groupements (CG) - Group Credit
• Service de Transfert d'Argent - Money Transfer Services

Quantifiable outcome

• Interest rates on savings: 2% (livret), 3% (blocked savings), 3.5-7% (term deposits)
• +2 more outcomes

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Six partnerships are on record, tiered core.

• Western UnioncoreTechnology or IntegrationWestern Union money transfer service available at COOPEC-AD/BENIN branches, enabling international remittance reception and sending. Customers benefit from real-time transactions and competitive exchange rates through the global Western Union network.
• RIA Money TransfercoreTechnology or IntegrationRIA money transfer service enabling secure international money transfers with competitive exchange rates and reliable fast transactions at COOPEC-AD/BENIN locations.
• MoneyGramcoreTechnology or IntegrationMoneyGram transfer service available at COOPEC-AD/BENIN, offering fast and secure international money transfer solutions for customers.
• MTN Mobile MoneycoreTechnology or IntegrationMTN Mobile Money partnership enabling mobile money transfers through MTN mobile network operator, allowing customers to send and receive money using mobile phones.
• Moov MoneycoreTechnology or IntegrationMoov Money mobile transfer service available, providing convenient mobile-based money transfer and payment services for customers.
• BUPDOS-ONG (Bénin Union for Development and Social Works)coreStrategic or Co-development PartnerOrigin of COOPEC-AD/BENIN from BUPDOS-ONG microfinance division. BUPDOS-ONG initiated microfinance services for church members and learners to develop economic activities. This evolved into the current cooperative in July 2008.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• FECECAM Bénin: Fédération des Caisses d'Epargne et de Crédit Agricole Mutuel du Bénin is the apex network of savings and credit cooperatives in Benin. It directly competes with COOPEC-AD/BENIN for member-based deposits and agricultural credit in the same Beninese market.
• KCEB (Konsortium des Coopératives d'Epargne et de Crédit du Bénin): KCEB is a consortium of Beninese savings and credit cooperatives, structurally and operationally similar to COOPEC-AD/BENIN. Both operate as member-owned cooperatives offering savings, credit and money transfer services within Benin.
• ADVANS Banque Côte d'Ivoire (and Benin subsidiary): ADVANS is a leading pan-African microfinance group with operations across West and Central Africa including Benin, offering savings, credit and money transfer services to micro-entrepreneurs and small businesses in the same target segments.
• Baobab (formerly Microcred): Baobab is a network of microfinance institutions serving underserved populations across West Africa. It competes with COOPEC-AD/BENIN for micro-enterprise and smallholder credit in the same West African markets.
• ACEP (Agence de Crédit pour l'Entreprise Privée): ACEP is a microfinance institution focused on providing financial services to micro-entrepreneurs and small businesses across several African countries including the UEMOA zone, overlapping with COOPEC-AD/BENIN's target market.

Broad incumbents

• Orabank Benin: Orabank is a regional commercial banking group present across multiple West and Central African countries including Benin, offering deposit, credit and money transfer products that overlap with COOPEC-AD/BENIN's portfolio but at a broader retail/SME scale.
• Ecobank Benin: Ecobank is a large pan-African banking group with operations across West Africa including Benin. It competes with COOPEC-AD/BENIN in deposits, transfers and small-business credit, though from a broader retail/commercial banking platform.
• ProCredit Bank Benin: ProCredit Bank is a development-oriented commercial bank with presence in Benin serving SMEs and individuals. It overlaps with COOPEC-AD/BENIN's micro-enterprise and salaried-worker credit segments but with broader institutional banking capabilities.

Emerging players

• MTN Mobile Money (MoMo) Benin: MTN MoMo is a mobile money platform offering transfers, payments and increasingly savings/credit in Benin. As one of COOPEC-AD/BENIN's existing transfer partners, it represents both a partnership and a competitive threat on the digital financial services layer.
• Moov Money Benin: Moov Money is a mobile money service in the same Beninese market, offering transfers and digital payments. Like MTN MoMo, it is both a transfer partner for COOPEC-AD/BENIN and a competitor expanding into adjacent financial services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/coopec-ad-benin

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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