The UK-based European Bank for Reconstruction and Development (EBRD) has lent the local-currency equivalent of USD 9 million to Kompanion Financial Group, a microfinance institution (MFI) based in Kyrgyzstan, and EUR 5 million (USD 5.4 million) to Albaraka, the first Moroccan MFI to partner with EBRD [1] [2].
Search Results for: morocco
MICROFINANCE EVENT: Munich Re Foundation, FMSAR, Microinsurance Network to Host 11th International Microinsurance Conference, November 3-5, 2015, Casablanca, Morocco
Event Name: 11th International Microinsurance Conference 2015: Driving Growth and Sustainability – A Business Case for Microinsurance
Event Date: November 3-5, 2015
Event Location: Hyatt Regency Hotel, Casablanca, Morocco
MICROFINANCE PUBLICATION ROUND-UP: Morocco’s Microfinance Market; Trends in Funding Financial Inclusion; Growth Projections in Islamic Microfinance
“Ending the Microfinance Crisis in Morocco: Acting early, acting right;” published by the International Finance Corporation in partnership with the Canadian Department of Foreign Affairs, Trade, and Development; the Danish International Development Agency; Japan; Switzerland’s State Secretariat for Economic Affairs; and UKaid; October 2014; available at http://www.ifc.org/wps/wcm/connect/5e1e5a0047850bdba0d4f5299ede9589/IFC+Morocco+MicroFinance+Crisis+report.English.pdf?MOD=AJPERES
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Establish $99m Sustainable Energy Financing Facility for Morocco; to Loan $6m to Banque Marocaine du Commerce Extérieur (BMCE) of Morocco for On-Lending for Sustainable Energy Investments; to Establish $37m Sustainable Energy Financing Facility for Jordan
The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution headquartered in England, is considering the establishment of a EUR 80 million (USD 99.4 million) “Sustainable Energy Financing Facility for Morocco”[1] (MorSEFF) that would disburse loans to EBRD’s partner financial institutions in Morocco.
MICROFINANCE EVENT: 5th Global Entrepreneurship Summit (GES); November 19-21, 2014; Marrakesh, Morocco
Event Name: 5th Global Entrepreneurship Summit
Event Dates: November 19-21, 2014
Event Location: Bab Ighli, 132 Derb Aghrab Bab Aylen, Marrakesh, Morocco
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Funds Advisory Services for Small, Medium-Sized Enterprises (SMEs) in Morocco
The European Bank for Reconstruction and Development (EBRD), a UK-based financial institution that operates in Eastern Europe, Central Asia and North Africa, recently began funding advisory services to support small and medium-sized enterprises (SMEs) in Morocco.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Likely to Loan Morocco’s Banque Centrale Populaire (BCP), Affiliates $133m for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs)
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, is considering disbursing a loan of up to EUR 100 million (USD 133 million) to Banque Centrale Populaire, a member of the Moroccan mutual banking group Groupe Banque Centrale Populaire (GBCP), as well as to 10 affiliated “regional popular banks”[1].
MICROFINANCE PUBLICATION ROUND-UP: Effects of Female Leadership on Microfinance Institutions (MFIs); Impact of Microcredit in Morocco; Social Performance Management Guide
“Female Leadership, Performance, and Governance in Microfinance Institutions;” by Reidar Øystein Strøm, Bert D’Espallier and Roy Mersland; published by Elsevier; 2014; 16 pages; available for purchase at http://www.sciencedirect.com/science/article/pii/S0378426614000284
This report examines the relationship between the performance of microfinance institutions (MFIs) and whether women occupy high management positions, including CEO, chair or director, in those MFIs.
MICROCAPITAL BRIEF: responsAbility Loans $13m to Microfinance Institution FONDEP of Morocco
ResponsAbility Investments, a company based in Zurich that primarily invests in developing economies, recently notified MicroCapital that is has disbursed EUR 10 million (USD 13 million) in senior refinancing to Fondation pour le Développement Local et le Partenariat Micro-Crédit (FONDEP), a Moroccan MFI with the mission “to use microcredit to help women and youth create their own microenterprises and generate income.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Assist Central Bank of Morocco with Credit Information Sharing Regulations
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced that it will assist the Central Bank of Morocco (CBM), also known as Bank Al-Maghrib, with the development of laws and regulations regarding credit information sharing among lenders.
MICROFINANCE PUBLICATION WRAP-UP: “The Microfinance Sector in Morocco: Investment Opportunities After the Crisis;” Published by MicroFinanza Rating
“The Microfinance Sector in Morocco: Investment Opportunities After the Crisis,” published as part of the Insight series by MicroFinanza Rating, May 2014, 4 pages, available at http://www.microfinanzarating.com/images/Insight_Morocco_March_2014.pdf
Performed by Italy’s MicroFinanza Rating in May 2014, this “country screening” analyzes the political, economic and legal frameworks in which microfinance institutions (MFIs) function in Morocco.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $20m to Attawfiq Micro-Finance for Microlending in Morocco
The International Finance Corporation (IFC), a US-based development finance institution and a member of the US-based World Bank Group, recently loaned USD 20 million to Attawfiq Micro-Finance, a nonprofit microfinance institution (MFI) based in Casablanca, Morocco, for onlending to microenterprises in an effort to further Morocco’s economic development.
MICROFINANCE EVENT: Burgundy School of Business, ISCAE, Attawfiq Micro-Finance to Host “5th International Conference on Institutional and Technological Environment for Microfinance (ITEM5),” March 18 – 20, 2014, Casablanca, Morocco
Event Name: 5th International Conference on the Institutional and Technological Environment for Microfinance (ITEM5)
Event Date: March 18 – 20, 2014
Event Location: Institut Supérieur de Commerce et d’Administration des Entreprises (ISCAE), Casablanca, Morocco
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Invests $60m in Banque Marocaine du Commerce Extérieur’s Eurobond Issue for Micro-, Small, Medium-Sized Enterprises in Morocco
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently invested USD 60 million in a 5-year, senior, unsecured USD 300 million bond issue by a Moroccan public joint stock bank, Banque Marocaine du Commerce Extérieur (BMCE).
MICROFINANCE EVENT: African Centre for Catastrophe Risks Hosts “International Congress on Insurance and Reinsurance of Agricultural Risks”, January 29 – 31, 2014, Marrakech, Morocco
Event Name: International Congress on Insurance and Reinsurance of Agricultural Risks
Event Date: January 29 – January 31, 2014
Event Location: Marrakech, Morocco
MICROFINANCE PUBLICATION ROUND-UP: Lessons Learned from Morocco’s Microcredit Crisis; Using Microinsurance to Promote Universal Coverage; Remittances and Post-Conflict Economic Growth
“Lessons Learned from the Moroccan Crisis;” by Nadine Chehade and Alice Negre; published by CGAP (Consultative Group to Assist the Poor); 2013; 4 pages; available at http://www.cgap.org/sites/default/files/Brief-Lessons-Learned-from-the-Moroccan-Crisis-July-2013_0.pdf
This report presents the results of a study conducted by US-based NGO CGAP (Consultative Group to Assist the Poor) that explored the Moroccan microcredit downturn, focusing on outlining “lessons learned from the rise, fall, and ongoing recovery of the Moroccan microcredit sector that may be useful when adapted in other countries in similar situations.”
MICROCAPITAL BRIEF: Mennonite Economic Development Associates (MEDA) Maroc Launches “Financial Solutions Youth” Project in Morocco
Mennonite Economic Development Associates (MEDA), a Canada-based nonprofit that aims to alleviate poverty through financial investment via 227 partner institutions in 56 countries, and its Morocco division, MEDA Maroc, are launching the “Financial Solutions Youth” project in an effort to support Moroccan microfinance institutions (MFIs) in improving access to financial services for youth.
MICROCAPITAL BRIEF: MFTransparency Launch Transparent Pricing Initiative in Morocco in Partnership with Netherlands Platform for Microfinance, Planet Rating, Centre Mohammed VI de Soutien a la Microfinance Solidaire
MicroFinance Transparency (MFTransparency), a US-based NGO, is bringing its “Transparent Pricing Initiative” to Morocco.