The microcredit program is part of social development aimed by government. This development aims at promoting individuals and populations’ self-reliance capacities, to achieve a decent standard of living and get a significant job, through the implementation of a new social policy, chiefly for the purpose of reducing the social cost of the transition toward a market economy.
In this regard, it is a targeted and participatory support policy, intended as an alternative to assistantship.
The recommendations made at the international seminar in December 2002 on ‘the micro credit experience in Algeria’ had led to the creation of ANGEM pursuant to:
The National Agency for the Management of Microcredit is a specific body placed under the supervision of the Minister of Knowledge Economy, Start-ups, and Micro-Enterprises.