MA MSME Development Project

closed

The development objective of the Micro, Small and Medium Enterprise Development Project is to improve access to finance for Micro, Small and Medium Enterprise's (MSMEs) in Morocco. This project has only one component which will support the provision of partial credit guarantees to participating financial institutions to mitigate their credit risks on loans to MSMEs. The provisions of Partial Credit Guarantees (PCGs) will enable loans by the Eligible Financial Institutions (EFIs) to MSMEs for subprojects. The project will be implemented through the Caisse Centrale de Garantie (CCG). The funding from the loan for PCGs will allow the CCG to scale up its existing MSME guarantee products, which cater to the needs of MSMEs at different stages of their development.