For a decade, the Moroccan microcredit sector was a rising star, boasting top-performing institutions enthusiastically supported by local and international funders. Yet, by December 2009, credit risk had soared to 14 percent, reaching as high as 38 percent for one leading microfinance institution (MFI). Under Central Bank leadership, providers, national associations, and funders scrambled to correct course. By December 2011, credit risk had been cut...
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INFORMATION
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2013/07/01
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Fiche
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80532
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1
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1
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2013/08/21
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Disclosed
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Lessons learned from the Moroccan crisis
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financial sector development strategy