IFC grants $20m loan for private sector development in Morocco
2007-07-10
The International Finance Corporation (IFC), the World Bank Group's private sector arm has approved a loan of $20m to Morocco for the promotion of micro-enterprises, PANA reported on Tuesday (July 10th). The funds will be managed by the "Al-Amana" association, which operates in the field of micro-finance. The funds will support low-income Moroccans in developing income-generating activities and improving their living conditions. Al-Amana currently has more than 400,000 customers in the country.
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