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TunisiaEBRD, EU support women-led firms in Morocco, with extended support to earthquake areas
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are joining forces with Banque marocaine pour le commerce et l’industrie (BMCI) to support women-led micro, small and medium-sized enterprises (MSMEs).
The Bank will provide a senior unsecured loan of up to MAD 220 million (€20 million) to BMCI under the EBRD’s Women in Business programme to support women entrepreneurs and MSMEs.
The programme will include a focus on digitalisation investments, as well as extended support for women-led MSMEs located in the regions affected by the September 2023 earthquake.
The facility will be bolstered by a technical cooperation package funded by the EU. It will help deliver capacity-building and advisory services to women-led MSMEs to support their know-how and entrepreneurial skills development. An additional EU-funded grant will be provided to sub-borrowers as an incentive for investment in digitalisation for women-led MSMEs.
Countries covered:
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Morocco
