MYC4 does not currently have any active providers in Cote d'Ivoire (since September 2009).

MYC4 originally chose Cote d’Ivoire as its first country of operations in West Africa. For a long time, the country was one of the most stable and prosperous in Africa. However, starting in 1999, a series of military coups and other political and social unrest destabilized the nation. With a population of 18 million, leading global cocoa production, large ports, a relatively well educated population, and the regional headquarters of many multinational companies and financial institutions, including the West African Central Bank (BCEAO), Cote d’Ivoire remains an important player in West Africa. Recent initiatives at power sharing and other peace initiatives seem to be yielding results. Major challenges for Cote d’Ivoire include continued social tensions, but also high unemployment and capital flight, including in the microfinance space. Despite these problems, Cote d’Ivoire retains very good basic infrastructure, a comparatively good education system, export driven agriculture, and more recently, oil production.

Cote d’Ivoire was ideal for MYC4’s West African push because MYC4 had a number of existing contacts, it presented very dynamic small businesses, microfinance was being pushed as the path to poverty alleviation, and it was the hub of Francophone West Africa, a very important segment of Africa which MYC4 wanted to penetrate. However, in September 2009, MYC4 suspended collaboration with these providers and the responsibility for the portfolios has been handed over to TRIUM, a specialized local company, who is currently handling all collections on defaulted loans.

The West African CFA Franc is pegged to the Euro with French support, and was last devalued (sharply, by 50%) in 1994. Since then, the currency has held steady at its current exchange rate. Cote d’Ivoire applies withholding tax on interests earned, which is applied to investor and MYC4 earnings.