Showing posts with label experience of microfinance in Morocco. Show all posts

Microfinance in Morocco: Small rise in loan interest

Posted on Wednesday, 27 January 2010 by Rachid AJMAL Leave a comment

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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Microfinance in Morocco: The portfolio risk increases to 5.1%

Posted on Saturday, 9 January 2010 by Rachid AJMAL 1 Comment

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) .

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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