Tool in fight against precariousness, the microcredit has allowed the impoverished to have access to improved living conditions by creating their own income-generating business.
Launched for the first time inAlgeriain 1999, the microcredit has allowed the creation of more than 150.000 activities in different sectors.
It has not seen, in its original formula, the desired success by government due to lack of support in the early phase of maturing and monitoring in project achievement.
This finding was noted during the international seminar held in December 2002 on the “microcredit experience inAlgeria”.
The recommendations made during this reunion of microcredit experts have led to the creation of a specialized institution called ‘National Agency for Microcredit Management”, created by the executive decree number 04-14 of 22nd January 2004.
ANGEM is represented, at local level, by 49 agency of wilaya spread throughout the national territory, including two agency for Algiers. This coordination network is supported by accompanying cells present at the dairas level..