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Loan to the Albarka Foundation in Morocco to develop microcredit

Project

Signature date
Location
Morocco
Financing tool
Financing amount (Euro)
10023000
Financing details
Loan of EUR 10m and technical assistance of EUR 23,000
Customer
Fondation ALBARAKA
Type of customer
Microfinance
Project number
PMA1111

The Moroccan microfinance institution Albaraka Foundation is seeking to develop its loan portfolio. PROPARCO is helping it review its anti-money laundering and terrorist financing procedures.