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Kiosque360. The government recently passed a law that increases the threshold for microcredit to 150,000 dirhams.
This is good news for much of Moroccan households. Indeed, the threshold for microcredit will increase. So, announcement Today Morocco who is interested in the subject at the delivery of the day, this limit, which is currently 50,000 dirhams, should be increased to 150,000 dirhams. This is the case in any case with bill no. 85-18 amending Act No. 18.97 for microcredit and was approved on the government board last Thursday.
The newspaper writes that the text insists that the amount awarded can not in any case exceed the limit of 150,000 dirhams, adding that the purpose of this law is to improve access to finance for micro-businesses and to meet their expectations of growth and sustainability . Today Morocco It also adds that this text aims to promote professionalism in the field of microcredit, to strengthen its integration into the financial landscape and to support income-generating activities in order to achieve harmonious growth in the sector.
It is a real reform of the sector, which deals with this bill which, once adopted, will provide a new dynamic in microfinance in Morocco. It should be noted that of the 900,000 microcredit customers in 2016, 45% were women when the average loan granted by microcredit associations was about 7,000 dirhams. It goes without saying that microcredit plays a very important social role.
From Ishmael Benbaba