In Morocco, microcredit organizations can now grant up to 150,000 dirhams (15,000 euros) loan against 50,000 dirhams (5,000 euros) previously.
This measure described in the bill n ° 85-18 modifying the law n ° 18.97 relating to the microcredit, was presented in council of government by the secretary general of the government on behalf of the minister of the Economy and Finances, Mohamed Benchaaboun .
The new law, inscribed in the Finance Act 2019, emanates from the 12 proposals of the Moroccan confederation of TPE-SME addressed to the head of the government. The employers’ organization had asked, among other things, for the creation of a public fund for the purchase of trade receivables from very small businesses and a ceiling of 200,000 dirhams for loans from microcredit institutions. In the end, she will have tripled the microcredit limit.