The MC2 model

A community-based development approach

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)

Victory over Poverty (VP) is possible provided that the means (M) and the Competences (C) of the Community (C) are pooled together.. In this case, if M = Means, C = Competences , C = Community we get the following formula:
VP = M x C x C = MC2
Dr. Paul K. Fokam, Founder of the MC2 model
  • Objectives

    The variants of the MC2 Model

    The MC2 model is set up in two dimensions, one which is mainly rural and constituted of the micro-banks, MC² which are microfinance institutions for rural development. The other dimension is known by the appellation MUFFA (Mutuelle Financière des Femmes Africaines) with an urban vocation and constitutes a powerful tool for the creation of wealth for low-income earning women in urban and sub urban areas.

  • Foundations


    The MC2 model has a double objective:

    • An economic objective: economic and financial viability.
    • A social objective: Action oriented toward the very poor, the development of basic infrastructure and of community interest.
  • Characteristics


    • Raising the awareness of the population to understand that it is the lone master of its destiny and that it alone can bring sustainable solutions to its problems;
    • Reveal to the poor population their immense managerial capabilities that they dispose from their cultural heritage;
    • Bring the rural populations and the urban poor women folk to take self-responsibility in a sustainable manner.
  • Missions

    Main Characteristics

    • Structural link between MC2 and MUFFA, a private bank and an NGO;
    • Linkage between the rural and urban populations;
    • Linkage between the formal system and informal organizations;
    • Linkage between national and international institutions;
    • Collaterals adapted to local socio-cultural realities;
    • Interest rate compatible with the objective of creating wealth and sustainable development;
    • Integration of socio-cultural values in modern management.
  • The creation process


    The main mission of the MC2 Model is to equip the populations with a developmental tool which favors the blooming of the individual and the entire community. This process of economic development which is centered on the MC2 model is constituted of five (5) main phases /stages (chronologically).

  • Dimensions

    The creation process

    • Information and sensitization of the population;
    • Feasibility Studies;
    • Collection of share capital (initial capital);
    • Holding of the Constituent General Assembly;
    • Administrative and regulatory Formalities;
    • Recruitment of staff by the Board of Directors;
    • Training of the staff by Afriland First Bank and ADAF;
    • Search and restructure or construction of the head office;
    • Opening.