Al Amana is Morocco’s leading microcredit institution in terms of the number of borrowers. It has a nationwide network of 640 outlets and 2,415 employees. At December 31, 2020, the number of microfinance customers in Morocco stood at 878,818, giving Al Amana a 36% market share.
Degradation of the economic, social (inflation around 10%) and natural (drought) environment in Morocco. A massive recovery support plan backed by the Moroccan government was put in place to mitigate the negative effects.
Al Amana Microfinance’s mission is to contribute to Morocco’s economic and social development through the financial inclusion of people excluded from the traditional financial system. Its impact in terms of financial inclusion is marked by its mixed rural and semi-rural positioning, its activity essentially focused on providing IGAs, and its clientele focused on women and young people.