Steps in the creation of an MC2

There are two phases in the setting up process of an MC2.

  • Contact

After the first contact with Afriland First Bank and ADAF, a team is set up to promote the project.  The promoters receive a document detailing the purposes of the MC2 and the file of teh MC2 in creation is open as wella s an account under its name.

  • Preliminary field steps

Thsi is about sensitization of the beneficiaries. A feasability study is conducted, then the memberships collection and the setting up of funds. (Establishment funds: XAF10 Millions - Joining fees: XAF 2.500 per member) The list of members can now be made up.