The Coopec Blitta held an extraordinary general assembly on November 12 in Blitta-Gare, Togo, to validate its transformation into a Société coopérative avec Conseil d’administration (SCOOP CA). This transformation is in accordance with the Togolese law of March 24, 2026, regulating microfinance in the country. The new structure aligns with the OHADA uniform act on cooperative societies.
During the assembly, participants adopted the decision to transform Coopec Blitta into SCOOP CA and validated new statutes and a uniform internal regulation. They also approved a new financial regulation for their umbrella organization, Faîtière des unités coopératives d’épargne et de crédit (FUCEC-Togo). The transformation aims to enhance the institution's governance and control mechanisms.
The assembly also reconducted Mr. N’Tayaké Padabozi as head of the seven-member Board of Administration for a three-year term, renewable once. The re-elected president reiterated his commitment to providing decentralized financial and non-financial services to improve the living conditions of the population while ensuring the cooperative's sustainability.
According to Coopec Blitta's director, Assi Patatam, the institutional transformation marks a significant evolution in the organization of governing bodies. The new model replaces the previous three- organ structure with a seven-member Board of Administration. This change is expected to bring about more effective governance.
The representative of FUCEC-Togo's director, Lawson Laté Ségnon, emphasized that the adoption of new statutory texts will enhance transparency, improve institutional steering, and consolidate control mechanisms essential for sound and sustainable management. The transformation is seen as a positive step towards strengthening the cooperative's governance.
Katanga Esso-Houna, secretary general of the Blitta prefecture, expressed hope that this reform will meet the expectations of members and enable them to lay the groundwork for the cooperative's survival and growth. The transformation is expected to have a positive impact on the cooperative's operations and services.
The Coopec Blitta's transformation into SCOOP CA is a significant development in Togo's microfinance sector. The new structure is expected to bring about improved governance, transparency, and control mechanisms, ultimately benefiting the cooperative's members and the community it serves.
Key points
- Coopec Blitta's transformation into SCOOP CA aims to enhance governance and control mechanisms.
- The new structure aligns with Togolese law and the OHADA uniform act on cooperative societies.
- The transformation is expected to improve the cooperative's services and sustainability.
Reporting sources
- La COOPEC Blitta valide sa transformation en SCOOPS CA · Togolese Press Agency