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Ascanio Graziosi
July 6, 2008, 12:37 pm
I am not sure about the idilliac situation of the microfinance in Morocco. Indeed the strong development of the sector has been realized by four organisations out of eleven. The successful Associations lend to people in urban areas; agriculture is neglected; they do lend at very high interest and "pour cause", because the Associations havent' their own resources and have to borrow at 7.5% from a newly established funding agency; there is a diaspora between the big four and the others Associations, which main problem is governance.







