PROJECT

Projects

Summary of Investment Information

Project Number

45575

Company Name

AL AMANA MICROFINANCE

Date SPI Disclosed

Feb 9, 2022

Country

Morocco

Region

Africa

Projected Board Date

Mar 21, 2022

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Sep 4, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Apr 27, 2022
Signed : Jun 27, 2022
Invested : Sep 13, 2022

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

 The project entails an IFC investment in Al Amana Microfinance (Al Amana or the Borrower), one of the leading microcredit association in Morocco to support its lending program to income generating activities including microenterprises that have been negatively affected by the COVID-19 crisis. The investment will be provided in Euros (EUR) or US Dollars (USD) for the maturity of up to three years and will be part of IFC’s Base of the Pyramid (BOP) program.

Associated Advisory Engagement

          

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation