Showing posts with label Microfinance in Morocco. Show all posts

Microcredit Banks in Morocco

Posted on Wednesday, 30 March 2011 by Rachid AJMAL Leave a comment

There are Two Microfinance Banks in Morocco, The Banque Populaire Foundation for Microcredit (FBPMC) and Credit Agricole Microcredit "ARDI Foundation":

- The Banque Populaire Foundation for Microcredit (FBPMC): was established September 6, 1999.
It is an Institution nonprofit governed by the Dahir of 15 November 1958 (regulating the right of association) and Law 18/97 on the performance of the activity of microcredit. It is an answer citizen of Groupe Banque Populaire, which aims to effectively contribute, alongside the state and other nongovernmental organizations (NGOs), national effort to fight poverty and unemployment and to promote employment.

On 1st March 2000, the FBPMC received approval from the Ministry of Economy and Finance to conduct the activity of microcredit. Its object is essentially:

* Distributing microcredits to enable the economically
low to create or develop their own productive activity or service,
to ensure their integration into the economy overall.
* Carry the benefit of its customers, all associated operations relating to the granting microcredits, including training, consulting and technical assistance.

The approach combines the proximity Foundation, funding, coaching, training and monitoring of micro-entrepreneur.
The network of Banque Populaire Fondataion For MicroCredit currently consists of
219branches and distributed antennas travers12 regional supervision.

The establishment of new branches has been accompanied by the recruitment of new officers.
The actual network has reached 833 officers, while the effective seat was 116 components, a comprehensive emotional 949 (44% men and 56% women).

- ARDI Foundation: was established in 2001 as an association of economic and social profit. Its mission is to fight against financial exclusion and promote micro-enterprises particularly in rural areas, through the exercise and the promotion of micro credit.

With a new logo, a new organization and new ambitions, the Foundation ARDI is an extension of the activity of the Credit Agricole Morocco to the rural population not served by traditional bank financing.

ARDI gives poor local services necessary for their socioeconomic integration, investing space and closer to people who need it even in the remotest areas.

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Microfinance Products in Morocco

Posted on Friday, 18 March 2011 by Rachid AJMAL Leave a comment

Microfinance

Morocco is one of the pioneers in the microfinance industry in the Arab world where Provide microfinance associations in Morocco, three types of Products:

1 - Solidarity loans:

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.

2 - Individual loans :

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.

- Housing Loans:

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 microcredit 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.

3- Microinsurance Products :

is Modern Products in Microfinance in Morocco Like death and disability insurance and personal accident insurance, at 2 Euro (per year per product, and should cover the beneficiaries of microloans, up then do not qualify for hedge risks.

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Micro Insurance in Morocco - New Products in Microcredits

Posted on Tuesday, 13 April 2010 by Rachid AJMAL Leave a comment

The Moroccan Life and Association "Inmaa" launch microcredit insurance product and will announce in the coming days. A first in the insurance industry and will focus on two products to start: death and disability insurance and personal accident insurance, at 2 Euro (per year per product, and should cover the beneficiaries of microloans, up then do not qualify for hedge risks. The marketing will be done through the network of Inma covering 9 regions with 31 agencies.

Morocco has experienced a breakthrough in microfinance, it lags behind the related insurance products. In countries like India and Bangladesh such products were introduced over many years.

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Microfinance in Morocco: a promising market for NICT providers

Posted on Saturday, 13 March 2010 by Rachid AJMAL Leave a comment

ALAMANA The most impotant Microfinance Institutions in Morocco

The Moroccan Microfinance industry is important and becoming increasingly sophisticated; nevertheless, the demand for financial and non-financial services is far from being entirely met. Leading actors seek new solutions and technologies to: cut their costs, improve the quality of their services, and be more competitive.

• With 1.24 million clients, the microfinance sector in Morocco is the most developed one in the MENA region. Leading Moroccan microcredit institutions are ranked among the top 20 biggest microfinance institutions in the world. Nevertheless, the microfinance sector has a great growth potential in this region: currently, only 25% of the demand is met.

• The Moroccan microfinance industry is at a turning point: several leading microcredit institutions are considering their conversion into regulated financial institutions.

• Moroccan microcredit institutions and banks are profitable and well-structured, as well as interested in adopting new solutions and processes so as to be more competitive. Innovative technology is a key factor in their strategy for service-differentiation.

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Source: http://www.mfntsummit2010.com/site/ang/microfinance_in_morocco.php
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Microfinance Institution : Association Zakoura

Posted on Saturday, 20 February 2010 by Rachid AJMAL Leave a comment

Zakoura Fondation Logo

Zakoura fondation (Microcredit) the second most important microcredit association in Morocco, It was created in 1995 from a Initiave Moroccan. It operates in urban, peri-urban and rural. This through a fifty performances, it employs 400 employees. The foundation lends mainly to the female population disadvantaged on the basis of a progressive social credit.
Zakoura Foundation was used to end in December 2008, 354 172 active clients, of which 67% are women.

Its funding sources are 70% formed grants and local donations. Thus the public funds dedicated to Hassan II economic and social development (funded by revenue from
privatization) is the main provider of funds with an amount of 3.5 million euros. The balance is covered by a great debt Concessional Moroccan banks. Furthermore, Zakoura has
forged productive links with many international funds (UNDP with the Micro Start program, the European Union, the USAID).
Zakoura microcredit is member in many network like FNAM, SANABEL, SAVE THE CHILDREN,and THE MIX MARKET.
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Microfinance Institution : Association Alamana

by Rachid AJMAL Leave a comment

Association AL-AMANA

The Second Global Conference Microfinance in Morocco

Posted on Sunday, 7 February 2010 by Rachid AJMAL 1 Comment

Second Microfinance Summit Logo

The 2nd Microfinance and New Technologies Summit (MFNT) is a key event for decision-makers in the technology and microfinance fields. After the inaugural event held in India in 2008.In this context, PlaNet Finance is co-organising with the Banque Populaire Group and Sogeti the 2nd international conference “Microfinance and New Technologies”, taking place on March 11th & 12th 2010 at the Royal Mirage Hotel in Marrakech .

Morocco was chosen to host the 2nd international conference “Microfinance and new technology” because of its particularly large and well-developed microfinance sector. Today, the principal players in the sector are at a point where they are actively looking for technological solutions which will allow them to further improve their efficiency and competitiveness.

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They said on this Blog http://themicrofinance.blogspot.com

Posted on Monday, 25 January 2010 by Rachid AJMAL Leave a comment

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Fund «JAIDA» released its annual report on the status of microfinance in Morocco

Posted on Sunday, 27 December 2009 by Rachid AJMAL 1 Comment

IMFs in Morocco

After nine months only to start its activities, the Fund occupied the «JAIDA» to finance associations specialized in micro-loans have a prominent place in the microfinance sector in Morocco, where the Fund was the culmination of Morocco's efforts and activities aimed to develop microfinance. Conditions are favorable reception offered contributed to demonstrate the difficulties of financing micro-credit associations, particularly those of medium and small. During this short period, enabling the Fund «JAIDA» to play an intermediary role, and contributed to the promotion of partnership with a number of economic sectors, where loans have enabled micro-credit associations to develop their services and to expand, especially in rural areas, in terms of employment benefit amounts including customers, in productive projects and income-generating.
According to the same report, recorded last year 2008 set a new record in the number of beneficiaries of microcredit, as the number exceeded one million people, while the total size of the record of the appropriations allocated more than 30 billion dirhams, on the grounds that the year 2006 recorded about 15 billion dirhams, and benefited of which 4.5 million people, represents the women's race, 66 per cent.
The amount recorded in September 2007, has reached five billion dirhams, registering an increase of 67 per cent, compared with 2006, or 4DH 7 billion, at a time when the number of active customers more than 400 thousand customers. Betting and micro-credit associations, under the flag of federalism, to transfer the number to 10 million customers, in the year 2010.
It is noteworthy that the Fund «JAIDA» to re-finance micro-credit associations, was submitted to the Foundation ZaKoura, specializing in micro-loans, a loan of 40 million DHs, aimed at promoting microfinance sector, as demand grows and the pace of Moroccans, especially the artisans, the micro-loans in recent years , as has become Morocco in the forefront of the Mediterranean countries active in this area.
According to the National Federation of Microcredit Associations that the proportion of women benefiting from the proposed loans had reached 70 per cent in 2008, and explains the dynamics of this indicator of women in this area, and treat them positive microfinance, while explain the relatively low percentage recorded among men, in a bad use of funds, The research shows that men are more likely to consume what amounts Estelmonh issues may be far from production projects to generate income.

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Microfinance in Morocco: Zakoura Fondation

Posted on Saturday, 5 December 2009 by Rachid AJMAL Leave a comment

Zakoura fondation

Zakoura fondation (microcredit) the second most important microcredit association in Morocco, It was created in 1995 from a Initiave Moroccan. It operates in urban, peri-urban and rural. This through a fifty performances, it employs 400 employees. The foundation lends mainly to the female population disadvantaged on the basis of a progressive social credit.
Zakoura Foundation was used to end in December 2008, 354 172 active clients, of which 67% are women.
Its funding sources are 70% formed grants and local donations. Thus the public funds dedicated to Hassan II economic and social development (funded by revenue from
privatization) is the main provider of funds with an amount of 3.5 million euros. The balance is covered by a great debt Concessional Moroccan banks. Furthermore, Zakoura has
forged productive links with many international funds (UNDP with the Micro Start program, the European Union, the USAID).
Zakoura microcredit is member in many network like FNAM, SANABEL, SAVE THE CHILDREN,and THE MIX MARKET .

Microfinance in Morocco : Problems and challenges

Posted on Friday, 4 December 2009 by Rachid AJMAL Leave a comment

IMF's in Morocco

After significant development in the sector - Microfinance in Morocco - since its inception in the mid-nineties to now, in recent years started to suffer from problems and new challenges such as:

1 - hardness performance: for after the loan recovery rate exceeding 98%, it currently covers 94% only, to see the advances that began Tqtaa known in the sector recently, and is intended to "benefit the beneficiary and one of several loans by various associations," and this phenomenon is due to the concentration of a number of associations active in this area, close to each other resulting in the intersection of customers, in addition to the absence of a common data and data on beneficiaries has increased portfolio, which is in danger Le port feuille à risqué which exceed 30 days from 0.5% in 2004 to 5% in 2008 or approximately 400 million dirhams, and is working to overcome the National Federation of Microcredit Associations "FNAM" to install the center of the risks of micro-credit associations to avoid popularly customers.

2 - Rising interest rates: the proportion of the prevailing interest rates in Morocco by the micro-credit associations, which between 13% and 15%, which is very high compared with the situation socio - economic for the poor, and the social objective of these associations, as this ratio remains higher than applicable Balobnak (ranging between 8% and 9%), which is primarily aimed at profit, so it should reduce this ratio to be in line with the status of the poor and enable them to benefit from the services provided by micro-credit associations.

3 - uneven geographic distribution: Keep the geographical distribution of agencies, micro-credit associations is characterized by unequal between the urban and rural area, most of the centers are concentrated in urban areas, with the knowledge that rural areas need significantly to this type of financial services, it is currently 1.4 million customers, we find only 400 thousand customers of the world areas.

4 - Sustainability or agent of continuity: the microcredit associations still depend heavily on grants and contributions for capital to finance its activities, by the organs, organizations and donors, and so the challenge posed by the continuity of the activity of these associations and expanded to include other geographical areas, in addition to the reflections current global financial crisis, the sector has been reflected in the integration of the Assembly of Zakoura with the Foundation for the popular Bank of microcredit in recent times under the name of the association "Zakoura popular" microcredit, and thus it places new challenges to the sector.

Microfinance in Morocco

Posted on Wednesday, 28 October 2009 by Rachid AJMAL Leave a comment

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 association ZaKoura microcredit 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.