Micro Save

Designed to encourage low-savers, the un-banked and the under-banked to have a savings account in a Commercial Bank.

Product features

Opening & Operating balance of XAF 5.000

Allows the saving of any amount

 Maximum operating balance of XAF 500.000 otherwise the account is migrated to the regular savings account.

Benefits

 Very low minimum opening balance

 Convenient way to save small amount

 Competitive interest rate

Eligibility

low income & low profit earners

the less educated

financially/socially disadvantaged as listed below:

Artisans

Farmers

 Bus Drivers

Laborers/Field worker

 Fishermen

 Petit Trader – BuyamSellams

  Rural dwellers and communities where banking is still alien

Documents

    Valid means of Identification:

    National Identity Cards

    Address Verification

    Receipt/evidence of utility bill e.g. water, electricity, etc

    Alternative of utility bill can be a localization plan

    4 passport size photographs

    Initial deposit of XAF 5.000