Agence Ecofin reviews the most important microfinance structures in the West African Monetary Union (WAEMU). This ranking was made on the basis of their total balance sheet.

With a total balance sheet estimated at 255 billion FCFA, Crédit Mutuel du Sénégal (UCCMS) maintains its leading position in terms of assets in the microfinance sector in Umoa, according to BCEAO data compiled by Agence Ecofin. It is followed by the Faîtière des caisses populaires du Burkina Faso (FCPB), ex-RCPB, which totals 253 billion CFA francs. The Union of Savings and Credit Cooperatives of Côte d'Ivoire (UNACOOPEC-CI) closes the lead. At the foot of the podium, FUCEC with its network of 35 coopec, the undisputed leader on the Togolese market, has seen its assets improve by less than 5% to 137 billion CFA francs.

In 5th and 6th place in this ranking are the Senegalese and Ivorian subsidiaries of the Parisian group Baobab, which operates in financial inclusion in the African and Chinese markets. Theleader in the Beninese market, the Faîtière des caisses d'épargne et de crédit agricole et mutuel (FECECAM), is just shy ofthe CFAF 100 billion mark in assets, after an 8.7% growth in its balance sheet.With its nearly 90 cooperatives, the structure that federates the CLCAMs (Caisse de crédit agricole mutuel) in Benin is in 7th place in the top 10.