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Significant increase in bad debts

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IThis results in an average outstanding loan of around 10,000 dirhams in 2021, against 9,000 dirhams in 2020, indicates this report drawn up by the Ministry of Economy and Finance and Bank-Al Maghrib, specifying that more than 97% of loans are distributed by the 4 largest associations.

Loans are mainly intended for micro-enterprises (78% against 83% in 2020) followed by social housing (14.3% against 12% in 2020), as for loans in urban areas, they represent 68% against 70% l year.

The share of individual loans stood at 87% in 2021, specifies the same source. For its part, the total balance sheet of the 11 associations stood at 9 billion dirhams in 2021 against 8.6 billion dirhams in 2020, an increase of 5%.

The network of micro-credit associations stood at 1,687 points of sale at the end of December 2021, down 4.7% (1,770 points of sale in 2020).

This decrease reflects a process of digitalization of credit processes and cost optimization, in a context marked by the effects of the pandemic crisis.

According to this report, the number of clients of micro-credit associations stands at 837,000 clients, an increase of 3.3%, of which 47% are women.

Outstanding outstanding debts recorded a significant increase of 25.3%, reaching 843 million dirhams in 2021, i.e. a risk rate of 10.3%, against 8.3% a year earlier.

These receivables are covered by provisions amounting to 48% compared to 64% in 2020, in connection with the temporary derogatory treatment granted by BAM until the end of December 2022.

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