Where we work

South Asia

East and Southeast Asia

Latin America / Caribbean

Middle East / North Africa
• Egypt
• Lebanon
• Morocco
◦ Al-Karama
    ◦ FONDEP
    ◦ Louisa's Story
    ◦ Mimouna's Story
    ◦ Chaibia's story
• Saudi Arabia
• Tunisia
• Yemen

Sub-Saharan Africa

United States

Grameen Foundation : Where we work : Middle East / North Africa : Morocco : FONDEP

FONDEP

Foundation pour le Développement Local et le Partenariat – Micro-crédit (FONDEP)

Status snapshot as of March 2008
Active clients	125,571
Loan portfolio (USD)	$58,311,041
Portfolio At Risk >30 days*	1.3%
* Value of all loans outstanding that have one or more installments past due more than 30 days

The Foundation for Local Development and Partnership, FONDEP, was established in Morocco in 1996 as a nonprofit organization or (NGO). The mission of FONDEP MicroCrédit is to make credit available to poor people, specifically women. FONDEP’s priority is to use microcredit to help poor women create their own microentreprises and generate income. Products include loans to solidarity groups and individuals.

Outreach:

Reaching over 125,000 clients as of the end of March 2008, up from 15,000 clients in 2003, its loan portfolio has increased from an annual total of $1.5 million in 2003 to approximately $58.3 million as of March 2007. FONDEP is currently striving to serve 229,323 clients by the end of 2010.

Some of the challenges FONDEP faces are providing credit for the poorest people in the most rural areas while also maintaining portfolio quality, developing financial products to meet the needs of rural clients and mobilizing more funds to satisfy the demand.

Grameen Foundation support:

To date, the Grameen-Jameel Initiative has given FONDEP $240,000 in loans and a training grant of $20,000.

 

Learn more at: www.fondep.com

Grameen Foundation : Where we work : Middle East / North Africa : Morocco : FONDEP