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Kiosque360. The government has recently approved a law that increases the threshold for microcredit to 150,000 dirhams.
This is good news for much of the Moroccan households. Indeed, the threshold for granting microcredit will increase. So, ad Today Morocco who is interested in the subject in his daily delivery, this threshold, which is currently 50,000 dirhams, should increase to 150,000 dirhams. This is, in any case, what the bill no. 85-18 amending Law no. 18.97 on microcredit and approved in the government board last Thursday.
The newspaper says the text insists that the amount awarded can not in any case exceed the threshold of 150,000 dirhams, adding that the purpose of this law is to improve the access of very small businesses to financing and to meet their expectations of growth and sustainability. Today Morocco It also adds that the said text aims to promote professionalism in the micro-credit sector, strengthen its integration into the financial landscape and support income-generating activities, in order to provide a harmonious development to the sector.
It is a real reform of the sector that is so involved in this bill, which once adopted will provide a new dynamic for microfinance in Morocco. It should be noted that of the 900,000 microcredit customers in 2016, 45% were women, when the average loan from micro-credit associations was around 7000 dirhams. It goes without saying that microcredit plays a very important social role.
By Ismail Benbaba