Finance that belongs to the community
Mbeme Family Meeting (M.F.M) is a cooperative credit union where savings are safe, lending is responsible, and value circulates locally.
Who we are
We are a not-for-profit, member-owned institution. Surplus is returned through better rates, dividends, and education that strengthens households and businesses.
- Accessible savings and fair credit for members
- Prudent risk management and clear communication
- Financial inclusion and local development
About Mbeme Family Meeting (M.F.M)
MBEME FAMILY MEETING (M.F.M) is a dynamic people-owned Savings and Loans Financial Institution that is operated on sound cooperative and business principles. Hence, the Meeting is NEVER OWNED BY ANY VILLAGE OR INDIVIDUAL(S), it's SOLELY owned by ANYBODY or GROUP WHO OPENS HIS/HER ACCOUNT with Mbeme Family Meeting.
Since its creation on 14/11/2020 with just Three (3) members, M.F.M has continued to grow and has been welcomed by the surrounding Communities. KUDOS TO ALL.
M.F.M Main Objectives
The main purpose of M.F.M is to provide its members (owners) with required quality and affordable financial products and services which do not only meet but exceed members' expectations. M.F.M accepts savings to grant loans to members in need at reasonable rates of interest so as to stop her members from giving out what they laboured for (their properties) to another person.
Membership Procedures
Any individual residing in Mbeme, Moshie, Kekpoti, and Kendem with a valid Identity Card and two 4x4 size photos can create his/her account. Those from any of these communities residing outside the community can also create their accounts and enjoy the advantages that follow.
1Shares
Members share equally with a share amount of 10,000 FCFA (Ten Thousand Francs), increasable by members at the Important General Meeting (IGM).
2Registration
Any desired individual shall pay a non-refundable registration fee of 10,000 FCFA (Ten Thousand Francs) which will be shared for Passbook, Entrance Fee, Coverage Fee, and Building Fee.
3.1Sinking Fund
This is a yearly contribution of 3,000 FCFA by all members reserved to rapidly solve prompt contributions while waiting for reimbursement by members' contributions. This contribution is done on or before October every year.
3.2Condolence Box
This is a contribution of 2,000 FCFA contributed by members per death of a member to the family. It was agreed at the A.G.M that the amount be deducted from members' accounts directly.
What we do
Savings & Deposits
Disciplined saving with dividend potential build safety nets and long-term goals.
Loans with Purpose
Education, agriculture, and business finance assessed fairly with transparent terms.
Financial Education
Coaching and tools that help members budget, save, and use credit wisely.