El auge, la caida y la recuperacion del sector de microfinanzas de Marruecos

Morocco is a recognized microcredit champion, boasting 40 percent of client outreach in the Arab world and host to some of the best performing microfinance institutions (MFIs) in the world. But since 2007, the microcredit sector has been confronting a crisis. There are 12 licensed MFIs in Morocco, serving close to 1 million clients with combined assets of 5.7 billion dirham (US$705 million3) as of December 2008. The industry is heavily concentrated, and the four largest MFIs account for 90 percent of client outreach.