Grameen Foundation : Where we work : Middle East / North Africa : Morocco : Al-Karama
Al-Karama
| Status snapshot as of March 2008 | |
| Active clients | 12,670 |
| Loan portfolio (USD) | $3,529,599 |
| Portfolio At Risk >30 days* | 0.4% |
| * Value of all loans outstanding that have one or more installments past due more than 30 days | |
Al Karama promotes the socioeconomic development and integration of marginalized populations by providing financial services to low income people. Established in 1999 and headquartered in Oujda, Al Karama targets the poorest regions of eastern Morocco. It became a Grameen-Jameel Initiative partner in 2006. In 2005, with support from the Grameen-Jameel Initiative Al Karama organized and hosted Morocco’s first forum for microfinance organizations and policy-makers to discuss the importance of expanding services to the poor in the neglected Eastern region of the country.
Outreach:
Al Karama’s currently has over 12,000 active clients and plans to reach 47,000 clients by 2010.
Grameen Foundation support:
Grameen-Jameel Initiative has supported Al Karama with a loan of $100,000 to provide loans to an expanded number of borrowers.
Learn more at: www.alkaramamc.ma
Grameen Foundation : Where we work : Middle East / North Africa : Morocco : Al-Karama
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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