Since their launch in 2008, the country CPEC – because there are CPEC north and south as well as Djibouti-ville – injected a credit volume of over 1.3 million FD for financing economic activities the beneficiaries of which there are three thousand people, including a large majority of women.
Last Thursday, the People’s Savings and Credit (CPEC) South held its general meeting in Ali Sabieh, the hall of the Regional Council of the region.
The objective of this annual meeting is to review the activities and to renew their management authorities, that is to say, the renewal of the leading members in office for three years.
The event saw the participation of the Director of the ADDS, Mahdi Mohamed Djama, the President of Dikhil District Council Abourahman Yonis, vice-president of the Association of Ali Sabieh, Mohamed Mahamoud Gueldon, the sub-prefect Ali Sabieh, Kader Sougueh Idris, and fifty women members of the South CPEC, half from Ali-Sabieh and Dikhil other.
Thus, the renewal of the governing bodies of the southern CPEC, which takes place every three years, in particular regarding the board of directors, the credit committee and the Supervisory Committee.
Since their launch in 2008, the country CPEC – because there are CPEC north and south as well as Djibouti-ville – injected a credit volume of over 1.3 million FD for financing economic activities the beneficiaries of which there are three thousand people, including a large majority of women.
The microfinance sector in Djibouti is booming since the establishment of the first credit unions in rural areas in March 2011. Precisely since the CPEC has offered its services across all regions.
Namely, the CPEC is a mutual institution cooperative character that includes all persons sharing an alternative establishment of common link for increased access to financial services for all socio-economic groups in the country, including micro-enterprises, the informal sector, women and youth entrepreneurs.
Therefore, they have a vocation for public utility belonging to the Djiboutian people and helping them to strengthen their socio-economic well-being.
Note that the CPEC is an initiative of the President of the Republic, Mr. Ismail Omar Guelleh, launched as part of the fight against poverty. Government action that gave off successfully. This was the observation identified seven years later.
Neima Egueh