Faitière des Unités Coopératives d'Epargne et de Crédit (FUCEC) is the largest financial cooperative network in Togo. Its goal is to contribute to the economic and social improvement of people and communities through savings and loan cooperatives. FUCEC serves 620,500 clients with over US$162 million in deposits and provides close to US$115 million in loans to over 71,000 borrowers.
With YouthStart’s support, FUCEC created youth savings accounts for both individuals and groups of youth aged 12−24. One of the unique characteristics of the FUCEC model is its door-to-door savings collection. In addition to its youth savings product, FUCEC launched a business loan product for older youth who have saved for a minimum of three months with the institution.
