Micro Development Banks
Steps in the creation of an MC2
There are two phases in the setting up process of an MC2.
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.