Moon Banking

MC² Modél

in Guinea 🇬🇳

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About MC² Modél in Guinea

MC² Modél is a microfinance institution operating in Guinea, part of the broader MC² (Mutuelles Communautaires de Croissance) network established by Afriland First Bank. MC² institutions are rural development micro-banks created and managed by local communities in accordance with their customs and traditions, focusing on wealth creation among underserved populations.

The MC² model, whose name brings to mind Einstein's famous formula, represents the philosophy that Victory over Poverty (VP) is possible only when the Means (M) and Competencies (C) of the Community (C) are brought together: VP = M x C x C = MC². These institutions serve as community-owned and operated financial cooperatives targeting rural populations and low-income individuals.