Archives: 2010

Poverty in China

China to raise the challenge in the face of poverty

The Chinese government pledged to eradicate poverty in the country by the year 2010. Which will pay special attention to poverty-stricken areas located within the area of Tibet Autonomous Territories From next year, noting that these projects cover the areas of education, health, culture, employment and social security.

The statistics also showed that the number of Chinese citizens who earn less than 1196 yuan for the annual "181.2 dollars, " reached 35.97 million in 2009, forming 3.8% of the rural population in China.

China's economy is one of the strongest economies in the world where there has been a growth rate of more than two digits in many cases %10.

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African Conference Microfinance in Ghana

Ghana will host African Conference Microfinance in October 2010, with the development of effective access to finance for small businesses in the continent, and the conference will be held under the theme "Access to financial services - Reaching the Excluded".
Participants will discuss issues such as the promotion of access to finance through technical means and the protection of clients of microfinance, microinsurance, and innovative ways to mobilize savings and interest rates.

The conference brings together officials of African governments., Development partners and representatives of funding institutions on the continent
The conference is organized under the auspices of the Ministry of Finance of Ghana in collaboration with local financing institutions and NGOs, finance companies and rural banks and cooperative.

The African Network for Microfinance "AFMIN" regional organization for the sub-Saharan Africa including networks at the State level and was founded for the development of efficient financial services. And permanent financing for the poor in Africa.

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Africa Microfinance Network "AFMIN"

The Africa Microfinance Network "AFMIN" is an association of microfinance networks in Africa resulting from an initiative led by African microfinance practitioners to create and strengthen country-level microfinance networks for the purpose of establishing shared performance standards, institutional capacity and policy change.

AFMIN was formally launched in November 2000 and has established its Secretariat in Abidjan (Côte d’Ivoire), where AFMIN is legally recognized as an international Non-Governmental Organisation pursuant to Ivorian laws.

Because of the political unrest in Côte d’Ivoire, AFMIN temporarily relocated its office to Cotonou in Benin and represented in 21 countries.

AFMIN seeks to provide effective, sustainable financial services to Africa’s low income population by supporting national networks/MFIs and helping them achieve their mission and objectives to alleviate Poverty in africa, and helping to improve the microfinance environment in the region and globally.

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The Financial Crisis and Microfinance

Microfinance Industry

The success of microcredit throughout the world is undeniable and the high repayment rates of poor entrepreneurs who benefit are well known. A number of corollaries have developed: microsavings, microinsurance and micropayments. Today there are more than 10,000 microfinance institutions (MFIs), which carry out transactions totaling over 40 billion euros from 150 million poor, mostly women. Of these 10,000 facilities, about 2% have the necessary scale to be profitable. These 2% provide the bulk of funding for the sector.

The financial crisis that we have known for two years she affects this table and she slows the prospects of microfinance? Today, there are two main effects of the financial crisis on microfinance. On one hand, the rate of non-repayment of microemprunteurs increased, as shown by the Moroccan example (although country star microfinance still two years ago ...). On the other hand, growth in the number of loans for microfinance is still largely informal and feeds mainly on activities that are not related to the global economy, excluding agriculture and commercial activities related to tourism.

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Sanabel Microfinance Conference

The Microfinance Network of Arab Countries "Sanabel" organize the Seventh Annual Microfinance Conference, in June 1st - 3rd, 2010 at the Convention Palace in Damascus, Syria.
The theme of this year’s conference will be “Responsible Growth: Learning from Global Trends and Regional Experiences”.

Over the course of three days, more than five hundred participants will have the opportunity to learn from expert panelists and share individual experiences through sessions, mini-trainings, and workshops designed under four different tracks; namely, “Responsible Finance”, “Investment Readiness”, “Increasing Outreach while Maintaining Quality” and “Enabling Policies and Regulation”.

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Algeria plans to allow Islamic banking

 Bank of Algeria
The Algerian government plans to amend the law on the organization of bank lending, and in order to allow national banks to provide banking services commensurate with the provisions of Islamic Law.

In order to enable a wide range of private citizens and small and medium enterprises to benefit from financial products of various raised in the financial arena, as well as enable the national economy from the potential high savings are available and which are not exploited because of alienated a large segment of society from dealing with other banks.
It should be noted that Tunisia is the Maghreb country in which the only Islamic banks.

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PlaNet Finance Launched a project for renewable energy

PlaNet Finance
PlaNet Finance and its partners are launching with the support of the European Union and the SGP's Fund for World Environment UNDP Morocco, FREEME project to promote energy efficiency and renewable energy in Morocco and Egypt through microfinance.

The program FREEME (Promotion of Renewable Energy and Energy Efficiency in Morocco and Egypt) aims to support the development, access and sustainable use of renewable energy and energy efficiency services through the Microfinance in the two countries.

The project should benefit FREEME 4800 people in both countries and raise awareness about 2,400 microentrepreneurs and low income households.

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Moroccan Association for Solidarity and Development "AMSED"

"AMSED" (Moroccan Association for Solidarity and Development)
 that initiated the activity of microcredit in Morocco 1993.
Elle she has inherited its philosophy and its expertise in the field of microfinance.
"AMSED" is non-profit organization,and its main objective is
Helping the poor out of poverty through microfinance through to small business.

"AMSED" partners are both governmental and non-governmental like international organizations such as World Bank, UNICEF,ILO,..,bilateral aid organizations "USAID" and many national NGOs.

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Earth Day 2010 - For Global Green Economy

Earth Day 2010
Forty years after the first Earth Day,The world celebrates today, Earth Day from April 22 of each year, to raise awareness of the importance of protecting the environment, which is appropriate to determine the risks that threaten our environment, in light of climate change and the resulting serious consequences for the environment and human life.

Earth Day 2010 can be a turning point to advance climate policy, energy efficiency, renewable energy, green jobs and global green economy.

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The Microfinance Movement

Microfinance programs have created new opportunities in contexts as diverse as villages along the Amazon, inner-city
Los Angeles, and war ravaged Bosnia. Programs are well-established in Bolivia, Bangladesh,and Indonesia, and momentum is gaining in Mexico, China, and India.

The microfinance movement is thus populated by diverse institutions, some large and many small, some urban and some rural, some more focused on social change and others more focused on financial development. If the programs that are focusing on social change are cost-effectively achieving their goals, should we be concerned that part of their operation is subsidized? Should we be concerned that, to achieve financial success, Compartamos has had to charge very high
interest rates.

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Microfinance Institution: "INMAA"

The Moroccan institutions to support microenterprise "INMAA", is an association of microcredit governed by the law which regulates the area of microfiance in Morocco.
"INMAA" has been created within "AMSED" (Moroccan Association for Solidarity and Development) that initiated the activity of microcredit in Morocco 1993.Elle she has inherited its philosophy and its expertise in the field of microfinance.

"INMAA" was established in September 1999, Customer "Inmaa" has 10 000 active clients.
"INMAA" is 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 "AGFUND" and other institutions ...
"INMAA" shows that the individual loans, loans for housing in a steady rise, compared with loans of solidarity,And finally launched microinsurance products.

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Micro Insurance in Morocco - New Products in Microcredits

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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Does Microcredit Good for the Poor?

 Microcredit Impact
Itraud always to my mind this fundamental question when talking about microcredit: Do you really good
microcredit for the poor?In other words, you can microloans for small to help the poor out of a poverty, and to secure the basic daily needs? This question leads us into a spiral of other questions, what is poverty? Who are the poor? And on what basis can distinguish between the poor?

We find that in most cases, using income as a basis for discrimination among the poor, we say, for example, the poor, income non-existent or non-existent similarities, the poor, with low-income, and so on ...
Let's go back to the question we started with our article, and try to answer it. During the field research I did last year (2009) - unpublished at present - about microcredit in Morocco concluded that more than 60 per cent of the poor / respondents, their status improved and socio - economic benefit from the loan after the small, and further concluded that the loans can be small rural areas to contribute to the alleviation of rural migration, and thereby reduce poverty in reaching out to the residence of urban areas.
It is known that the poor, save in some way (jewelry, precious metals ...) in case of any emergencies that might come into contact with in the future life, but there are a broad class of poor - almost non-existent or no-income - does not have any savings, the group living on less than one dollar a day, so I think that the current microcredit on its own terms - high interest, the small size of the loan .. - Not in favor of this category of the poor, but will further aggravate the crisis and their status and socio - economic crisis to begin with.
In summary, the microcredit good for the poor who need only "a small boost to stand on their feet" for their projects nanotechnologies.

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The first Islamic bank in Tunisia

Commission Inferno Review

Zitouna Bank Logo
"Zitouna Bank" is the first Islamic bank in Tunisia, is expected to start work in the bank next May.The bank's capital 25 million dollars to reach 71 million by 2012.
The idea of Islamic banks on the principle of Murabaha instead of interest, as well as they do not invest their money in commercial activities prohibited, such as alcohol and gambling.

There are currently nearly 300 banks and Islamic financial institutions worldwide, are expected to increase the value of its assets to one trillion dollars by 2013, According to estimates by international financial organizations.
It should be noted that the Islamic banks are not affected by the financial assets, by the global financial crisis Walt world has ever known, as a result of the financial system on the basis of Islamic law.

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Commission Inferno Review

The Second Micro insurance summit in Miami

 Micro Insurance Summit
After the first summit in London, the second mico insurance summit to be hosted in Miami , 26-27 May, 2010
In Discuss the world’s best experts in this emerging market, including leading global insurers and re-insurers, MFIs, aid agencies, NGO, development banks and international and regional regulatory bodies.

Attend the Micro Insurance Summit 2010 and:
•Understand the shape and direction this market is heading towards, and what you must do to capitilize on MI business opportunities in developing economies.
•Learn about innovative distribution practices to lower your costs and increase outreach
•Educate low income clients on risk management to improve your market penetration rate.
•Devise demand driven and affordable products to best meet your clients needs and expectations.
•Comprehend the role of regulation and supervision in creating, enabling and facilitating the development of MI, and what you must do to be compliant
•Establish how to strengthen your IT infrastructure and specialized service providers for the micro insurance market.

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Grameen bank: banker to the poor

 Grameen bank
Grameen Bank was founded in 1976 by Muhammad Yunus, as a project to turn later to the Bank of specialists in the year 1983, the most famous micro loans programs in the world, where the proportion of women constitute more than 90%, with the rate of recovery of loans amounting to more than 95% , and in this regard, Muhammad Yunus was awarded this status with his Grameen Bank, Nobel Peace Prize in October 13, 2006 by the Swedish Academy in recognition of greeted the visit to the fight against poverty.
Successful experience of Bangladesh in micro loans programs through the Grameen Bank in the recovery of loans and access to the poor, attracted worldwide attention, has been replicated in more than 60 countries including the United States , and in many countries of the world developing low-income in order to fight poverty and social exclusion.

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PlaNet Finance Morocco

 PlaNet Finance Logo
PlaNet Finance is an international non profit organization whose mission is to fight against poverty through the development of microfinance to improve access to financial services for the poor who are excluded.
Since its inception in 1998, PlaNet Finance has developed a group of organizations (PlaNet Finance Group) offering a diverse range of services. These entities are composed of dedicated and specialized team with more than 1 000 professionals.
Based in Paris, PlaNet Finance's international network and are active in nearly 80 countries.

PlaNet Finance Morocco is a Moroccan non-profit organization founded in 2002, which has its management structures and its Board of Directors, whose enrollment to date is 17 people.
PlaNet Finance Morocco is affiliated to PlaNet Finance Network World.
PlaNet Finance Morocco is as a facilitator for the microfinance sector in Morocco. It offers its services to microcredit associations, public authorities and donors.
PlaNet Finance Morocco has completed its action plan and has achieved since its inception in June 2002, the development of practical and useful tools to develop and operate by the AMC themselves. She continues to support the CMA in Morocco from two levels of intervention:

Objectives at the sectoral level:

• Maintain and develop the tools already in place: the portal, mapping, Central Risk
• Continue training of direct and indirect stakeholders in the sector: PFM is a training center, information, research and technical support
• Provide funding: MAC help in accessing funding through the establishment of fund financing
• Expand the supply of services of AMC: extending the offer beyond microcredit

Objectives at the individual level:

• Supporting new entrants: Microcred,
• Target new populations: awareness of women, rural people, young people in precarious situation
• Strengthen the smaller AMC level institutional
• Propose specific expertise to the largest AMC, public authorities or other .

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Microfinance in Morocco: a promising market for NICT providers

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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Microfinance Institution: Banque Populaire Fondataion For MicroCredit

The Banque Populaire Foundation for Micro Credit (FBPMC) was established September 6, 1999.
It is an association 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 against 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).

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How To Purchase Or Buy A Car With Bad Or No Credit ?

Car Loan
Bad credit car loans are quite common as nearly a quarter of Americans are credit-challenged. If you have imperfect credit, you should have little problem of getting the car you're interested in, as several thousand bad credit car loans are issued everyday in the U.S.
In the borrowers online who are numerous lenders, all act by lenders can also obtain the credit car loan avail a lower has to lower then they find suitable for the deal which the bad credit car loan in mind.
The bad credit car of his way the online mode. In the secured way the online mode. In the borrower can avail a lower the car loan helps that is choice.

The borrower towards the borrowers to repay the market, the outlook of interest due to research for a bad credit car has to repay then the rate of lender towards the borrower can also obtain the bad credit car loan. 

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Poverty in Morocco

Poverty in Morocco
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 deprivation social, poverty is defined from the perspective of social exclusion.

Has become a poverty problem in our country today is structurally stable and elusive and multifaceted, is the weakness of job opportunities available in the case of marginalization that are attacking large groups of society, which would be spared to take advantage of infrastructure and social services available to the rare and deprive them from participating in decision-making.

The failures associated with poverty, political, economic and social failure of many development schemes, defined by Morocco since independence, particularly on the program and the accompanying structural adjustment measures, have resulted in cases of austerity, unemployment and inflation and a wage freeze and tax pressure and the decline in purchasing power and extremely difficult to access social services, and an imbalance in the the distribution of income. Which led to the impoverishment of the poor and more wealth and prosperity for the majority of the rich few lucky ones.

In terms of figures about the number of poor people today in our country of 5 million people, according to the results of recent research on the standard of living of households, 4 million Moroccans live below the relative poverty threshold (an annual expenditure of less than 3235 DHs in urban areas and 2989 DHs in rural areas and so on) live 3 million of the total poor in the villages and one million in cities and about 25% of the Moroccan economic weakness large (annual expenditure is less than 4500 DHs).

Thus, poverty is, in depth, a rural phenomenon, and this is confirmed by research and the first map of poverty carried out by the High Planning Commission and the World Bank recently.

On the other hand, poverty affects mainly women and young people and childrens.

P.S: 1$ = 8.17 Dhs M.
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Microfinance Institution : Association Zakoura

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

Association AL-AMANA

The Second Global Conference Microfinance in Morocco

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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Ebook: Islamic microfinance

                                                                   Islamic Finance
Islamic finance and microfinance seem to be concepts surrounded by a “fashionable aura” in Muslim developing countries: banks, financial institutions, MFIs, NGOs are very interested in the issues and most of all in the relation between the two, especially when it comes to fighting poverty. Strange enough, even if the interest is
high2, there are very few examples of actual MFIs operating in the field of Islamic finance and Islamic banks involved in microfinance.


Microcredit: a miracle or disaster ?

These studies seem to tell us that microcredit makes exactly the services expected of a good financial product: it enables its customers to make major purchases for their business or their household, they could not hire otherwise.

But eighteen months later, we found no sign of a profound transformation of the lives of these families, neither the one nor the other of those studies demonstrated impact on health, education or decision-making power of women. Contrary to pessimistic predictions of the skeptics of microfinance, there has been no frenzy of irresponsible consumption caused by easy money: on the contrary, in India, some families drop out of small temptations of everyday life (tea, snacks, betel nut, tobacco) to repay the loan that allowed them to purchase durable goods.

It is much safer than short-term effects. The impact in three years or more may be quite different. The additional income from the activity they finance the schooling of children? Either the weight of weekly payments will he feel better? Data are being collected.
The dream world of a recipe against poverty and microcredit was a candidate quite plausible. These studies suggest that it is time to return to a more nuanced description of its possible benefits. But blame microcredit to be useless or dangerous because it might prove to be the recipe did not make much sense.

Leaving aside the controversial speech has the advantage of prompt us to go beyond a binary debate to question the canonical model of microcredit and ask how he could better serve their borrowers. One limitation is that the micro finance activities primarily to very small scale, very low growth, very different from the icons of a Bill Gates start Microsoft in his garage in the city streets of India, Indonesia and Bangladesh, we see countless small shops, selling all the same, whose profits are hardly sufficient to pay minimum wages to their owners, although ten to twelve hours of daily work. These micro-enterprises are struggling to move up a gear: more than 90% of business customers Spandana we studied have no employees, none did more than three. To what extent the structure of microcredit contributes Does this state of affairs?
A first aspect is the liability, trademark microcredit. It discourages risk taking, because other women in the group does not want to risk having to refund in case of failure, whereas in case of success, they n'empocheront no additional gains: they will tend to prevent others from engaging in risky activities, but more profitable. But a recent study in the Philippines shows that the loan is not solidarity essential to the proper reimbursement: reimbursement rates are equally high in the traditional branches in those where clients are only responsible for their own borrowing.
The weekly repayment and Now, another cornerstone of Microcredit, also has its limits. In West Bengal, the organization Village Welfare Society has enabled some clients do not start paying a few weeks after having received money from the loan. This enabled them to make investments more profitable and more ambitious: for example, those who wanted to engage in the sale of clothing bought a sewing machine instead of a stock to sell saris. This level of increased risk, of course, leads to more failures and thus more non-recoverable.

Thus, paradoxically, microcredit by its current rules, is more suited to finance activities that family eke out a living as real companies creating jobs. But the movement is in the process of renewal: some microfinance institutions (including Grameen Bank) have quietly abandoned the joint loan. They continue to ask their clients to meet each week, these meetings create strong social links, facilitating mutual assistance in case of crisis. But they do not penalize longer a client when the group does not repay. In addition, organizations such as Accion help microfinance institutions to offer their best customers individual products, tailored to business finance slightly more important. Other groups offer training in accounting or management to their customers.

But funding is not the only barrier to the growth of micro-enterprises. In many cases, microfinance clients are entrepreneurs want the best. Following the Asian crisis for example, the number of family businesses has exploded in Thailand. But unlike earlier periods, these companies have not prospered. Their owners have abandoned them once the economic situation had improved and were able to find gainful employment. These entrepreneurs forced dream for themselves and their children, a stable job, which seems to him, initiate a process of national transformation: its security can invest in the education of children, health or home more welcoming.
This obviously does not question the usefulness of microcredit, as these jobs are not stable or not in sufficient numbers. An activity, however modest, is already an essential income. But the romantic vision of one billion entrepreneurs barefoot is probably an illusion. Distinguishing those of their customers who actually risk-taking and enterprise of those who are forced, and offer each service is tailored the new challenge of microfinance. Similarly, growth of real wage sector (industrial or service) must remain a priority for economic policy in poor countries.

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Microcredit in Morocco and rural world

Rural World in Morocco
As a new microcredit to fight 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, by the marginalization suffered and still suffered 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.
MicroLoans contribute effectively in the fight against poverty in its various manifestations, in the case of the optimal investment of the loan granted to an income-generating activity, which will benefit not only the owner of the project, but on the family as a whole to improve the standard of living and provide education for children and ensure its sustainability, and improving access to health services , and other services ...

Microfinance in Morocco: Small rise in loan interest

The proportion of interest in microcredit associations in Morocco, between 13% and 15% versus 8% to 9% for banks.
It appears from these figures, the interest rate for microloans too high, the banks themselves.
In fact, the interest rate remains the subject of controversy and debate between the various researchers and those interested in this sector at the global level, but in Morocco we find low compared with what it is in Asia, Latin America and Africa.
Attributed this high rate of interest - according to sector actors - to serve the poor and access to them in villages and remote places, and this requires the equipment and human capital, technical, cost the association a lot of money.
However, it must reduce this figure to be in line with the situation Alsosioajtmaip for the poor of the community, to eliminate or mitigate one of the main challenges of micro-credit, namely, poverty, and thereby contribute to human development at local, regional, national

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Refinance mortgage – Why you should apply for it

If you are looking to lower the interest of your loan, then you may go for refinancing. You can check out various refinance mortgage rates offered by different lenders and choose the one which is the best for you.
Some reasons for refinancing are given below:
Want to make lower monthly payment: You have already purchased your home and have to pay certain fixed interest-rate for the mortgage. Now, you find that the interest-rate have lowered down. Refinance your mortgage rates by exchanging the previous higher interest rate with the current lower one. Thus, you will have to make lower monthly payment.

Learn to Mortgage

Want to go for lower interest rate: Do you know how long you are going to stay in your house? No? Then don’t go for adjustable rate mortgages (ARMs). In ARMs, the rate remains low [generally much lower than the fixed rate] for the initial 3-5 years, but, after that the rate goes up with every year and you may be a loser. On the other hand, if you are sure of staying at a house for several years, then it will be beneficial to you to opt for a fixed rate instead of the fluctuating adjustable rate. Then you will have the security of paying a fixed amount monthly without bothering about the market rates.
Need extra money: Want to remodel your home or pay off high-interest rate bills or pay for the tuition fees for your kids? Then opt for refinance.
•Your equity has become more than 20%: When you had taken the first mortgage loan to buy a house and had failed to make a down payment of 20% of the loan amount, you were required to purchase a Private Mortgage Insurance (PMI). If you have steadily repaid your mortgage till now, your equity may have become more than 20%. At this time, if you apply for refinancing, you will not need PMI anymore.
The house which you bought before with mortgage is a big asset for you. So you need to go through different refinance mortgage rates and find out the one which will prove to be the most beneficial for you.

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Ebook: Microcredit and information asymmetries: case of Morocco

Microcredit Institutions
In this paper we apply the Principal/Agent theory in case of microcredit granted to
the Moroccan micro-companies. The practice reveals us that a part of the receipted credits is diverted from its initial objective. Indeed, a situation of information asymmetries linked with adverse selection and moral hazard can be noticed. Given that the Agent behavior (the debtor)is unobservable, the Principal (the Creditor) cannot select every time the good types of Agents.
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Microfinance in Morocco: The portfolio risk increases to 5.1%

MFIs in Morocco
After just a year and a half of existence, has emerged as JAIDA reference institution of the microfinance sector in Morocco. Following its annual activity report 2008 press release in Rabat December 4, JAIDA applies mainly to fill 6 strategic areas that revolve around improving access to credit for micro-enterprises in Morocco to facilitate the process of financing all the AMC (Association of microcredit) while promoting institutional development, the details will be discussed to raise funds from private sources and attract new capital into the microfinance sector with an improvement nonetheless coordination of donors and to maintain dialogue with government.
According Boubrik Hassan, Chairman of JAIDA The year 2008 was marked by turbulence of the first sector, two unprecedented phenomena characterized by both an increase in delinquencies and a stagnation of business. Indeed, portfolio at risk rose from 1.1% to end 2007 at about 5.1% to end 2008.Parallelement, volume portfolios CMA recorded a decline of about 1%. But the main achievements of the Fund during 2008 are undeniably remarkable It is amongst other things, signed four loan agreements with Senior MAC for a total of 236 million dirhams (21.45 million euros) .

Easy Loans

Easy loans
When people think of applying for a Loan , one of the last things to spring to mind are easy loans, especially these days. However, easy loans still exist and there are many people out there that can qualify for this type of loan.

What Is An Easy Loan ?
Basically, an easy loan can be virtually any type of loan from a lender as long as it is easily acquired. Some lenders will have easier loan options than others.
Because an easy loan is not specifically any one type of loan, you can consider them as loans that are quickly and easily obtained from a lender. This means that they can be both secured and unsecured. They can also be payday, debt consolidation, car or personal loans and many others.
Some people will be able to get an easy loan more readily than other people, as is the case with any type of loan. If you have good credit you should have no problem acquiring any type of loan that you want, you will also have more options when it comes to the terms than those with bad credit.

Easy Loans, With Bad Credit?
Good credit brings with it the benefits of lower interest rates on both secured and unsecured loans. Most lenders will be willing to approve any type of loan for you if you have good credit, especially if you are able to offer collateral to the lender.

Unfortunately, not everyone has good credit and many people with bad credit are in as much need of a quick and easy loan as a person with good credit.

If you have bad credit you will still be eligible for some types of loans that are quick and easy to obtain, but you will be faced with the possibility of higher interest rates and stricter loan agreement terms. However if you have collateral to offer a lender as security, and so opt for a secured loan, this will make it much quicker and easier for you to acquire a loan and it may reduce your interest rate and improve your terms.

Unsecured loans are harder for those with bad credit to be approved for. Many people with bad credit and fewer options opt for a quick payday loan, as they're known to be the faster and easier to obtain, no matter what your credit score might be. The down side is the extremely high interest rates that come with them.
Whether you have good or bad credit you will certainly want to shop around and approach a few lenders in order to get the best interest rates and the best terms.

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