Archives: February 2010

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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