Micro finance as social entrepreneurship : a case study in Morocco

This paper aims to evaluate micro-finance foundations in the context of social entrepreneurship. Based on European approach of social entrepreneurship as well as BOP 2.0 protocol of social business, we proposed a conceptual model to analyze the micro finance foundations activities. Our model contains two main blocks : the financing process perceived by beneficiaries (individual or entreprise) and the impact of micro finance on the economic and social situations of beneficiaries. We verified our conceptual model by a case study method. Using face to face in depth interview we study three cases of micro finance provided by el Karama foundation in Morocco. we observed a significant impact of micro finance on socio economic situation of beneficiaries, particularly the women. The foundation provides micro credits to disadvantaged peoples and uses an innovative method to decrease the risk. We also remarked that voluntary social capital initiations are absents in micro finance foundation activities.