The mission of Al Amana is to promote microenterprises, by making credit available to commercial microentrepreneurs and artisans currently excluded from traditional financial systems.
Background and Main Challenges:
Since the start of its activities, Al Amana has undergone a significant expansion in the quantity and quality of its services, and the number of its active clients has increased from 1,495 in 1997 to 20,310 in 1999, 61,260 in 2001, 101,610 in December 2003,160 209 in 2004 and 249 531 in December ... Read more
Since the start of its activities, Al Amana has undergone a significant expansion in the quantity and quality of its services, and the number of its active clients has increased from 1,495 in 1997 to 20,310 in 1999, 61,260 in 2001, 101,610 in December 2003,160 209 in 2004 and 249 531 in December 2005. Al Amana disbursed MAD 26,536,000 to 27 branches in 1998, MAD 249,993,000 to 49 branches in 2000, MAD 496,732,000 to 80 branches in 2001, 1,470 Million MAD to 125 branches in December 2003, 2,357Million MAD to 259 branches in 2004 and 3,975 Million MAD to 360 branches in December 2005. Its principle challenges include satisfying its clients, strategic planning, adapting its products to the needs of its clients, and mobilizing funds. Hide
MFI Report
