Archives: April 2010

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