FAQs

Frequently Asked Questions (FAQs)

Giccoop MFI is a microfinance institution based in Cameroon that provides financial services to underserved populations, particularly women and rural communities. Its mission is to promote financial inclusion and support economic development in the country.

Giccoop MFI offers a range of financial products and services, including savings accounts, loans, Property Management, Project Monitoring and Money transfers. Its loans are tailored to meet the specific needs of clients, and its savings accounts offer competitive interest rates.

Giccoop MFI's services are available to individuals and businesses in Cameroon and around the world. It prioritizes serving underserved populations, particularly women and rural communities, and its loan products are designed to meet the needs of small and medium-sized enterprises(SMEs).

Giccoop MFI differs from traditional banks in several ways. It focuses on providing financial services to underserved populations that are often overlooked by traditional banks. It offers more flexible loan terms and lower interest rates, making its services more accessible to those who may not meet traditional banks' eligibility requirements. Additionally, Giccoop MFI emphasizes community development and social impact, with a mission to promote financial inclusion and support economic growth in the country.

Giccoop MFI takes the safety and security of its clients' finances seriously. It has implemented a core banking system and mobile banking app to ensure secure and efficient transactions. It also provides insurance options to protect clients against unexpected events through its network, such as illness or natural disasters.

To apply for a loan or open a savings account with Giccoop MFI, you can visit one of its branches in Cameroon or apply online through its website(https://www.giccoop.com). The application process typically involves providing information about your financial history, business plans (for loans), and other personal details.

Yes, Giccoop MFI offers financial education and training to its clients. It provides workshops and training programs on topics such as financial management, business planning, and marketing, to help clients improve their financial literacy and build their businesses.



Giccoop MFI has a specific focus on serving women and rural communities, which are often underserved and excluded from formal financial services. It provides tailored financial products and services to meet the needs of these populations and also offers targeted training and education programs to help women and rural entrepreneurs build their businesses.

Giccoop MFI is funded through a combination of sources, including equity, grants, and debt. It will forge partnerships with organizations such as the International Finance Corporation (IFC) and the German Development Cooperation (GIZ), which provide funding and technical assistance.

Giccoop MFI plan to significantly impact the community . It will served over 100,000 clients and disbursed over XAF 50 billion in loans. Its focus on promoting financial inclusion and supporting economic development will helped to create jobs, stimulate local businesses, and improve the lives of individuals and families in Cameroon.