About

MUFFA Cameroon in brief

African Women Saving and Credit Cooperative (MUFFA CAMEROUN) is a microfinance institution of the first category (that deals only with women). Intent to offer financial services to women with low income and to women of the informal sector and urban areas. MUFFA is the work of a group of intelligent women, joint in a club of investment called WINC (Women Investment Club). Where the women put their intelligence and their money in the promotion of women.
Build up in the model of MC² (Mutuelle Communautaire de Croissance). MUFFA is benefiting of the sponsorship of a commercial bank (Afriland First Bank) and the technical support of an NGO called ADAF (Appropriate Development for Africa Foundation).

MUFFA is an independent, democratic and participative organization. The fund mobilized to create MUFFA came totally from the members, which assures independence of the cooperative towards third parties. It functions according to the principles of cooperatives.

Our Raison d’Etre

Our vision

Accompany women to contributes to the social and economic well being of their family, community and the country as a whole.

Our values

Solidarity

Equity

Integrity

Commitment

Our mission

Fighting against poverty by improving on the living conditions of families through women
Combating women unemployment
Promoting women’s activities
Supporting women entrepreneurs

The MC² approach

MC² (Mutuelle Communautaire de Croissance) are micro banks in rural area , created and managed by members of the community implanted, in respect of their cultural and religious’ traditions. They are the fruits of research actions initiated by the promoters of the first commercial bank in Cameroon (Afriland First Bank), Doctor Paul K FOKAM. Their names refers to the Einsteins formula which signified the principle: Victory on Poverty (VP) is possible if the means (M) and the competence (C) of the community (C) are put together.

VP = M x C x C = MC²

The model has been expatriated and duplicated in many countries of the Central and Western Africa. MUFFA is the female and urban version.

The process of creating a MUFFA or MC²

The creation of MUFFA or MC² results from the process of development in 05 chronological phases:

Phase 1: Awareness. Connect with elites and rural population who have expressed the desire to create their MC² in their village. The primary objective is to inform the target population:

on the role of saving on their own,
on the necessity to rely on themselves before any expecting any external support
on the pride to remain accountable for their future

Phase 2: Mobilization of resources (saving) needed for investment

Phase 3: Financing individual income-generating activities

Phase 4: Financing economic projects that benefit the community

Phase5: Realization of social projects thanks to the resources generated in phase 3 and 4

Our partners

Main partners

We benefit from the sponsorship of the commercial bank Afriland First Bank and the technical support of the NGO ADAF (Appropriate Development for Africa Foundation) in the context of the MC² model. Since 2013, we have been working with Positive Planet thanks to the financial support of Orange Foundation. Finally, we are members of MAIN (Microfinance African Institution Network).