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.

By Rachid AJMAL

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.

By Rachid AJMAL

child poverty in africa

The identification of the concept of poverty is not easy, arises where a great deal of controversy and disagreement about the appropriate definition of poverty, some researchers poverty is defined according to income or rather due to the lack of income, and other researchers emphasize that poverty should be measured by the inability of the individual to obtain the necessary social requirements, and accepted that poverty, can not be reduced only in the deprivation of financial resources that this concept be expanded to include other forms of human deprivation, the concept of poverty is defined from the perspective of social exclusion.

N.B:
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By Rachid AJMAL

We are very pleased to open the first Arab blog specializing in microfinance " Microfinance : Alleviate Poverty " , , which we aim to introduce the concept of microcredit and microfinance and their advantages, as well as By Morocco's experience in microfinance sector and associations working in this field to the latter, as we will try to identify the micro-credit in line with the Islamic law.
Therefore please join us in the mailing list at the top to follow-up What's New in this topic.

Thanks.
Rachid AJMAL
Email : microfinanceblog@gmail.com