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2022

Arrawaj S. Loan : provide financing to micro-enterprises located in Morocco

Maroc

Titre : Arrawaj S. Loan : provide financing to micro-enterprises located in Morocco

Pays : Maroc

Actual Start Date : 2022-06-10

Identifiant IATI : XM-DAC-903-SII-46144

Présentation
The project entails an IFC investment in Fondation Arrawaj de la Finance Inclusive (Arrawaj or the Borrower), the third leading microcredit association in Morocco to support its lending program to income generating activities including microenterprises that have been negatively affected by the COVID-19 crisis. The investment will be provided in Moroccan Dirhams (MAD) for the maturity of up to five years and will be part of IFC’s Base of the Pyramid (BOP) program.

Objectifs
The project will provide financing to micro-enterprises located in Morocco, and the most significant expected project-level outcome for the project is : improved access to and quality of finance for microenterprises. The income streams of microenterprises have been severely affected by the lockdowns, increased uncertainty, and a slow-down in economic activity in the wake of the pandemic. As the economy begins to recover, microenterprises need access to funding to finance investments in inventory and inputs to resume economic activity. In this context, the project supports Arrawaj, the third largest MFI in the country, to provide much-needed financing to assist microentrepreneurs in overcoming liquidity constraints and returning to their previous income generating capacity.

International Finance Corporation

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Page publiée le 7 août 2022, mise à jour le 19 août 2022