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INIZIATIVA DI LOTTA ALLA POVERTA NELLE ZONE RURALI DEL MAROCCO ATTRAVERSO IL SOSTEGNO AL SETTORE DEL MICROCREDITO

Morocco

Initiative timeframe: 2014/2016

Total initiative costs

€ 1,441,484.85
Reparted as
  • Loans -
  • Grants € 1,441,484.85

Status

75 Complete
75%

Morocco


Location

Morocco

Photo gallery

The initiative promote an extensive program of financial assistance for all associations of micro-credit and technical assistance for five smaller micro finance associations. While financial assistance is followed by the Fund JAIDA through the provision of resources to the associations in need of microcredit, technical assistance is provided by Microfinance Srl an italian company specialized in this field. read more close

Main outcome

The ultimate goal of the initiative is to promote the financial inclusion of poor people and micro entrepreneurs living in rural areas and excluded from the traditional banking system.

Initiative data

Initiative number 009016
Purpose Informal/semi-formal fin. intermed.
Sector II.4. Banking & Financial Services, Total

Subjects

Agency MAE - Direzione Generale per la Cooperazione allo Sviluppo
Counterpart authority Ministry of Finance
Representative ketty.tedeschi@esteri.it
Other financiers -

Beneficiaries

The five smaller microcredit associations (AMOS, AMSSF, ATIL, INMAA, ISMAILIA) are the direct beneficiaries of the technical assistance. The indirect beneficiaries are the poor people and micro entrepreneurs, customers of the five associations.

Beneficiaries of which females 50.0%
-
-

Ministry of Finance

It refers to grant of 1.200.000 Euro for the technical assistance

Status Completed
Type Technical Assistance/Consultancy and related expenses
Procedure Competitive Bidding
Procurement notice -

Ministry of Finance

It refers to the 6.000.000 Euro of Credit component

Status Completed
Type Contributions
Procedure Competitive Bidding
Procurement notice -