About the MC2 Model
It is a community-based approach that permits the people, especially the underprivileged, to take upon them and to create wealth through adapted financial instruments, with the view of improving their living conditions in a sustainable manner. This model, which was designed by Dr. Paul K. Fokam with the technical support of Afriland First Bank and the NGO ADAF, is being developed in different communities since 1992 (date of creation of the first MC2) with the support of the people and various partners.
The 123 micro-banks, MC2 and MUFFA resulting from this model and are operational in the ten regions of Cameroon, permit today to reach more than 1.2 million persons (individually and through groups and associations). They present results which are much appreciated by the national and international communities, and various studies and research clearly demonstrate its very positive impact on the development of the communities where they operate.Dr. Justin Bomda, Executive Secretariat (ADAF)