Case Study: Albaraka (Morocco’s leading microfinance institution) achieves faster loan processing and operational excellence with EdgeVerve Finacle

Legacy transformation to drive operational excellence, enhance customer engagement and accelerate business growth

Albaraka, a leading Moroccan microfinance institution serving around 151,000 customers with roughly $130 million in outstanding loans, needed a modern, flexible core banking system to automate manual processes, centralize loan origination and scale its branch and loan‑book growth. To meet these challenges, Albaraka partnered with EdgeVerve and implemented the Finacle core banking and loan origination solution.

EdgeVerve delivered Finacle (core modules, loan origination, CRM and third‑party integrations) in a 15‑month program, automating the entire loan lifecycle, adding online credit‑bureau checks, time‑bound workflows and a centralized MIS. The solution accelerated loan processing, strengthened compliance and staff productivity, enabled faster product launches and drove measurable increases in new customer acquisition, disbursals and collections while providing centralized operational control.

Albaraka

Mouatassim Belghazi

Chairman