Mindful of law No. 1/02/CEMAC/UMAC/COBAC relating to the conditions for exercising microfinance activity in the Economic and Monetary Community of Central Africa (CEMAC), we can classify microfinance institutions into three categories :
1). First category of microfinance institutions are those collecting savings from their members and granting loans exclusively to them. This category is made up of, cooperatives with boards of directors, and cooperative societies. COBAC does not define a minimum capital to start with. However, the corporators should at least be 100 before they can register as a cooperative with the registrar of cooperatives/associations. Examples of cooperatives are Mountain Credit Union, Tiko Cooperative Credit Union, etc.
The regulator requires cooperatives to be part of a network. A network is an association of cooperatives sharing the same interests and objectives. Networks include but are not limited to CAMCCUL, MUFID Union, RAINBOW, SWAVIB, etc.

2). Second category of microfinance institutions are structures that exclusively carry out savings and loans with the public and third parties. Microfinance institutions in this category are limited liability companies. The minimum capital to raise is 300 million FRS. Some popular microfinance in this category are; Express Union S.A, ACEP Cameroon, Credit Du Sahel, etc.

3). Third category of microfinance institutions is mostly foundations and associations put in place by local or international organizations to impact particular sectors. Saving mobilization is not allowed but loans to support women’s entrepreneurship or the education of a girl child can be granted to members. The minimum capital to raise is 50 million FRS. The case of the GATSBY Foundation can serve as an example.