Op-ed: Daret in Morocco; between tradition, resilience, and innovation

Millions Rely on 'Daret' Amidst Moroccan Banking Expansion

Traditional Savings System Endures Despite Modern Financial Growth

Morocco boasts a thriving banking sector, yet millions continue to rely on the "daret," a centuries-old system of collective savings. This rotating fund, similar to ROSCAs (Rotating Savings and Credit Associations) found globally, operates by pooling contributions from members within a specific group.

The daret serves as a vital source of financial support for many Moroccans, bridging gaps often left by traditional banking systems.