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$300,000.00 (Project budget includes all project-funded activities)
Last Updated Date
May 18, 2026
Project Estimated Start Date
Jan 1, 2025
Project Estimated End Date
Dec 31, 2026
Client Legal Name
AL AMANA MICROFINANCE
Project Description
IFC is working with a leading MFI, Al Amana, to redesign its agri-loan product to target smallholder farmers. The project will strengthen the risk management framework for the agri loan product and ensure that responsible finance practices are incorporated into the design and credit practices for this product.
Development Results
The overall objective of this project is to support the Moroccan microfinance institution, Al Amana, to redesign the Agri loan product (Tamwil Filahi Loan) to support the financial inclusion of smallholder farmers.
Indicator
Cumulative
Number of participants in workshops, training events, seminars, conferences, etc.
0
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
0
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
null
Number of workshops, training events, seminars, conferences, etc.
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its due diligence, and as mandated by IFC's Sustainability Policy, the IFC team has screened this Project to assess consistency with IFC's Performance Standards (PS). The client is a microfinance institution, which typically has a low exposure to E&S risks but is required to manage these risks actively, as per the requirements of PS1. Accordingly, and per the IFC E&S Review Procedures (para. 5.10), the project team must ensure that the advice provided to the client is consistent with the PS. E&S risks will be further reviewed throughout the lifecycle of the project.
The IFC team is aware that this project may pose various E&S risks due to its involvement in the agricultural sector (with potential environmental impacts) and its impact on a vulnerable population (smallholder farmers).
IFC advice will be provided in a manner consistent with the PS. During the initial stages of implementation, the project team will consult with the CEG through its Regional ESG Manager (the Lead Environmental Social Specialist on the project) to identify specific activities to move the client towards greater consistency with the PS. FIG and CEG will jointly deliver such activities so that the advisory activities are conducted by E&S specialists familiar with PS requirements.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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