Indian Ocean Times - only positive news on indian ocean

Madagascar: Inauguration of an agency of microfinance in the Northwest of the island




Photo journal Midi Madagasikara
Photo journal Midi Madagasikara
The first agency of microfinance of the new regional Center in Antsohihy in North-West Madagascar (PAMF) was inaugurated Wednesday.
 
Rajoelina Francis Blaise, national director of project and national coordinator of microfinance in the large thus recalled that "the institution is powerful because it complies with the standards in force on the matter", as indicated in the Midi Madagasikara newspaper.
 
Positioned as a Bank of proximity for the Malagasy peasants and people excluded from the banking system, which the institution is present since 2006 in Madagascar, the first microfinance Agency (PAMF) makes available a variety of financial services, microcredit through micro-insurance for the poorest.
 
These financial services of proximity aim to reduce poverty and promote economic growth and social development.
 
The PAMF is already located in Tananrive, Befandriana, Mahajanga, Mampikony, Mandritsara and Port-Bergé.
 
The institution thus finance economic activities in the fields of agriculture, trade, production and services, in terms of investment and working capital.
 



Antso Rajaona


More from Indian Ocean Times :
< >

Monday, April 11th 2016 - 07:19 A new Prime Minister for Madagascar

Friday, March 4th 2016 - 05:00 The Antananarivo declaration