Microfinance in Morocco VA
Microfinance in Morocco 2005
English version
35 % of the 30 million inhabitants of Morocco still live below the absolute threshold of poverty. In Morocco, the microfinance sector has been developing at fast pace since the 1990s. Microcredit is now an essential instrument in the struggle against poverty and exclusion. As of June 30th 2005, 13 national microfinance institutions served more than 500 000 active customers, among whom 75 % of women, with a repayment rate of more than 98 %. PlaNet Finance Maroc supports the Moroccan microfinance sector. More information on: www.planetfinance.org.
English version
35 % of the 30 million inhabitants of Morocco still live below the absolute threshold of poverty. In Morocco, the microfinance sector has been developing at fast pace since the 1990s. Microcredit is now an essential instrument in the struggle against poverty and exclusion. As of June 30th 2005, 13 national microfinance institutions served more than 500 000 active customers, among whom 75 % of women, with a repayment rate of more than 98 %. PlaNet Finance Maroc supports the Moroccan microfinance sector. More information on: www.planetfinance.org.
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