association AL-AMANA for the rehabilitation of small businesses ( AL-AMANA )

AL-Amana was established in February 13, 1997, with support from "USAID" and the "Hassan II Fund" and received a license by the Ministry of Finance March 31, 2000, one of the largest micro-credit institutions in Morocco, where there are 437 agency covering all the national territory, and financial products provided by the AL-AMANA and, in particular, the loan of solidarity and individual loan and private loans to housing provided by the non-financial services such as counseling, guidance and marketing service, through a special program in this regard so-called " Taswik (Marketing)" which was launched in 2008, and interesting help craftsmen to market their products and Secretariat aims to contribute to the social and economic development through the revitalization of small businesses as well as contributing to social integration through the expansion of financial services to the poor include low-income and create income-generating activities.


In terms of funding,AL-AMANA to borrow from banks with preferential interest rates / low (internal funding), as well as its funding depends on the support and help of international institutions and organizations, either governmental or non-governmental Kolokulp-American Development (external funding). AL-AMANA of the Group engaged in the regional networks and international organizations concerned to microfinance and microcredit, including: Arabic Network for Microfinance "SANABEL" Carnegie exchange market information "MIX" and the network of microfinance "MEN" Microfinance Network and other institutions ...
At the national level, the Secretariat is available until late last year (2008), to 490 thousand active customers, my neighbor loans totaling 2.78 billion dirhams, distributed on main sectors as follows:
- Trade: 39.47%
- Agriculture: 29.55%
- Handicraft: 17.14%
- Services: 13.84%
Preview messages and through the monthly AL-AMANA "AMANEWS" shows that the individual loans and loans for housing in a steady rise, compared with loans of solidarity, so check out the Assembly's strategy for the development of these types of loans in response to the growing phenomenon of non-fulfillment of the payment of loans, which became known to the sector in recent In this regard, the number of customers of individual loans end of 2008, 95 thousand beneficiaries, compared to 35 thousand beneficiaries in 2007.

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Types of microcredit in Morocco

microcredit in Morocco

Provide microcredit associations in Morocco, two types of services:
financial services and non-financial services, the first one is divided into two main sections, namely:
A - solidarity loan: Also known as the loan group, known as the group solidarity apply the principle of solidarity among themselves, so that in case of failure to perform the due payment by an individual belongs to the same group is imperative for the rest of the group and Iwduha him. The group consists of 3 to 5 individuals - according to all the Assembly - and, in solidarity loan does not request any guarantees, but the only guarantee is the same group, ranging in value of loans granted between 1000 to 30000DHs period of time between 3 and 18 months, and is satisfied premiums loan on a semi-monthly or monthly.

B - individual loan : Go and this type of loan at the beginning of 2006 and the reverse loan solidarity must be having a specific guarantees to benefit from this type of loan and can generally distinguish between the inside two types:
- Individual loan-oriented small businesses :
Is a loan intended for small businesses and micro enterprises for the development of their projects and business plans and small loans range in value between 1000 to 50000 dirhams in the time period between 6 months to 5 years. This type of loan should provide specific guarantees one Calcgel commercial or personal guarantees (such as the monthly wage ...).
In terms of the special conditions that must be provided in the beneficiary: it is to be the holder of entrepreneurship, and to be the capital of the latter than the predecessor.
- The loan for housing:
Started work in recent years is directed to those who wanted to improve the residence, repair, or to link housing connected to drinking water, or electricity, ranging from the value of loans granted between 1000 to 50000 dirhams in the time period between 6 months and 7 years. The request is specific guarantees as collateral furniture for home or personal guarantees or to ensure a relative. These are the various financial services provided by micro-credit associations in Morocco, in addition to the specific safeguards that should be available to take advantage of individual loan, which is in the development in Morocco since its inception in 2006, and to reduce the hardness in the performance of their clients, and the risk of debt recovery as well as financial services, Association provides microcredit, Morocco, non-financial services in parallel to the beneficiaries, such as training programs, guidance and counseling them through the field agents who are tracking the project, in addition to marketing the products of customer service at the regional level or national level, through the establishment of special exhibitions in this regard, we note In this regard, the "TASWIK" of the AL-AMANA, which was launched in 2008, which helps more than 200 customers in the industry of traditional marketing to sell their products, contributing to poverty alleviation.

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Cycle of Poverty

The idea that poverty and deprivation are transmitted from one generation to the next, thus creating a selfperpetuating system or vicious circle. The children of poor parents may receive little parental support and may be forced to attend inadequate schools. As a result, they leave school at the earliest possible opportunity and with few qualifications.


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Microfinance in Morocco

Microfinance au Maroc

Known microfinance sector in Morocco exceptional success, despite his youth, where the sector has flourished, especially after the financial support of the UN Development Program under the "PNUD" MicroStart microfinance, which was founded in February 1998, which has provided financial support amounting to U.S. $ 1,7 million, and USAID (1.6 million U.S. dollars), and in 2000 will the Hassan II Fund for economic development and social sector support financial cover $ 100 million dirhams, this support has enabled the development of associations and the development of number and value of loans granted.

And return the launch of this sector in Morocco to the mid-90, causing many of the NGOs in this field, we recall in particular the Moroccan Association for Solidarity and Development "AMSED" founded in 1993, the General Zagora micro-credit in 1995, and association Al-Amana for the rehabilitation of small businesses, the Association of Local Development and Partnership in 1997 ... .
And that having a special legal framework microcredit (Law 97-18) (in light of April 1999), and the establishment of a number of institutions to contextualize the work of these organizations like the Council's Advisory micro-credit, and the National Federation of the Assembly of micro-credit "FNAM" contributed to the structuring and framing sector The total number of beneficiaries of micro-credit at the end of last year (2008) 1,250 million beneficiaries (), the total amount of approximately $ 5,8 billion dirhams, while the percentage of recovery of loans of the same year was 94% after 98% of the year 2007 ( ), and Morocco has 13 associations active in this field, 5 of which associations are a great (Al-AMANA, ZAKOURA, Association of Local Development and Partnership "FONDEP", Fondation Banque Populaire microcredit "FBPMC", and "ARDI"), which accounts for 95% of customers Microcredit in Morocco, and women constitute 64% of the total beneficiaries .

By Rachid AJMAL
Email: microfinanceblog@gmail.com.
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The role of microcredit in poverty alleviation: Sample Morocco

microcredit in Morocco

Remainder of microcredit as an effective tool for economic and social development, one of the mechanisms working and modern mechanisms to reduce poverty in its various Tmzarath and manifestations. Has proven global experience of microfinance in many countries of the developing world (Bangladesh, Brazil ...) they are important engines of human development and the fight against poverty, and gender empowerment; especially women, the weakest link in society from self-employment and achieve economic Astqlalithn, and their contribution within the their family to provide food, clothing, and ensure the education of children with continuity and thus achieve their integration within the community.

In a study carried out by the Foundation, "Planet Finance" Planet Finance Morocco in 2005 at the request of the National Federation of Microcredit with a view to assessing the effects of micro-credit to beneficiaries, and the study concluded that these loans had a significant impact in improving the conditions of beneficiaries and improve their incomes, the study included a sample of 1287 per capita, the majority of customers recognized the occurrence of positive change on the level of nutrition within the family (62%), the promotion of independence (36%) and calming (57%).
Loans as a new small to fight the phenomenon of poverty depend on the proximity of the poor, especially in rural areas, which is in dire need for this type of financial services, as it relates to the preparation of structures and infrastructure (connectivity of drinking water, electricity, housing, ...) that been deprived for decades, due to Ana and marginalization, which still suffers from it by the public authorities at the expense of the development of urban centers, small loans have done so - if we want to say - re-sort of balance and aims to correct the imbalances and inequalities, that exist between rural areas and urban areas, thereby reducing the phenomenon of rural migration, and rural development and rural areas and contribute to human development in general, through the empowerment of the poor from access to financial services.

By Rachid AJMAL

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The impact of microcredit

Rural woman in Africa

Be microcredit impact and a positive impact on the beneficiaries, both in the short term, medium and long term, including:

- Install action : the first is a feature of microcredit, the poor characteristics of the main Sun fluctuating income and minimization, where it is not fixed and unchanging, and this is about the instability of cost-effectiveness of their project or work, by a number of variables long - medium term (economic crisis, for example ... ) or seasonal (such as drought for agricultural activity ...), making them vulnerable to external shocks, but it is through microcredit directed to the poor, will enable them to establish small businesses or small their project development and pre-existing work on the development, which allows secure their incomes are Qar and fixed, and thus achieve food security, health, family and ensure the education of children ....

Micro-loans, on the other hand, contribute to the transfer of low-income beneficiaries, who are employed - usually - in the informal sector (hawkers, for example) to the private structured, and thus enable them to work legally and orderly manner, all as a result of micro-project development and growth.

- Empowerment of women : women are vulnerable group of the population, suffer most from poverty and social exclusion, economic, and health for women are major inequalities in utilization of various services (education, health ...) Micro Loans, originally, was addressed primarily to serve women .

Women in rural areas bear the burden of a large part of the tasks and works in agriculture and traditional industry and the White, but that work is unpaid, and studies show that microfinance can contribute to the emancipation of women from economic dependence and play a fundamental role in the autonomy of women, be microcredit to grant women the self-confidence and helps to strengthen their independence and their contribution within Jmathn When women benefit from a small loan and a member of the project, many aspects of the parallel turn, belong (food, education, health ...) and the project is not only alone.

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