EBRD, EU support women-led firms in Morocco, with extended support to earthquake areas

December 4, 2023
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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.

For more information

Countries covered:

  • Morocco