CapAccess is a co-financing product that works alongside banks to support mid-sized enterprises in funding their investment programmes, through a mezzanine financing facility that complements the bank loan. It covers the co-financing of productive investment programmes through a joint credit structure combining senior bank financing with junior mezzanine financing.
Who is eligible and what projects qualify?
CapAccess is open to enterprises incorporated under Moroccan law with at least three years of operating history, reporting annual turnover between MAD 10 million and MAD 500 million, that are financially sound and not subject to collective proceedings, with investment programmes to finance. All sectors are eligible, except for real estate promotion, extractive industries, fossil fuels, gambling, tobacco, alcohol, and activities that raise ethical concerns.
What financing is covered and how does it work?
CapAccess operates as a co-financing mechanism paired with a bank loan, dedicated exclusively to funding investment programmes. Land costs must not exceed 25% of the programme, while studies and initial working capital needs are limited to 10%, subject to justification.
What are the financial terms?
The financing takes the form of a joint credit, with the bank's share representing at least two-thirds of the total and the CapAccess share covering up to one-third. The maximum maturity is 12 years, with an interest rate of 5.5% excluding tax on the CapAccess share (as of 2024). Security is shared between the parties, with repayment priority granted to the bank.
How do I apply?
CapAccess co-financing applications are submitted through the enterprise's bank.
Download the product sheet
MDM Invest is a co-financing mechanism that supports business creation or expansion projects promoted in Morocco by Moroccans residing abroad, through a non-repayable contribution. It provides a direct contribution to productive investment, disbursed upon project completion.
MDM Invest is open to Moroccans residing abroad as well as those who have recently returned to the country, with business creation or expansion projects in Morocco requiring a minimum investment of MAD 1 million.
Eligible sectors include industry, industrial services, education, transport and logistics, energy, the green economy, digital, craftsmanship, local products, tourism, and healthcare, provided that the project has not been carried out before the application.
MDM Invest provides a non-repayable investment bonus equal to 10% of the total project cost, capped at MAD 5 million, disbursed upon effective completion of the project. The remainder is financed through a bank loan and/or other contributions.
The project holder must contribute at least 20% of the total investment in equity. The MDM Invest contribution carries no repayment obligation or interest; it is granted as a subsidy upon completion of the project.
Applications for the MDM Invest contribution are submitted exclusively by the eligible enterprise through its bank, regardless of the financing arrangement chosen for the remainder of the project.
Damane Tasdir is a guaranteed solution that covers a share of the risk on surety bonds required for works, supplies, or services contracts abroad, for amounts exceeding MAD 1 million. It applies to export-related surety bonds granted to Moroccan enterprises. Guarantee coverage stands at 70% of the surety bond amount.
Who is eligible and which sectors are covered?
All sectors qualify, with the sole exception of real estate promotion and deep-sea fishing. The guarantee is available to enterprises incorporated under Moroccan law engaged in the production of goods or services, whether bidding for or holding works, supply, or service contracts abroad.
What financing is covered, how long does the guarantee last, and what does it cost?
The guarantee covers all types of surety bonds required in connection with export contracts, issued or backed by a Moroccan bank, for amounts exceeding MAD 1 million. Applications are processed within 10 business days from receipt of a complete file. The commission is set at 0.65% per transaction, per year, calculated on the surety bond amount, payable upon issuance and annually thereafter until the commitment is released.
What is the risk ceiling?
The risk ceiling is capped at MAD 20 million per transaction and MAD 40 million per enterprise, across all outstanding guarantee facilities combined. The commitment is denominated in dirhams, based on the prevailing exchange rate on the date of issuance of the guarantee agreement.
How long does it take and how do I apply?
Damane Tasdir guarantees that applications will be reviewed by TAMWILCOM within a maximum of 10 business days from receipt of a complete file. Applications are submitted exclusively through the enterprise's bank.
Damane Atassyir is a guaranteed solution that covers a share of the risk on operating bank loans linked to the business cycle of enterprises incorporated under Moroccan law, for amounts exceeding MAD 1 million. It applies to operating bank loans tied to the business cycle. Guarantee coverage stands at 60% of the loan principal.
Damane Atassyir is open to enterprises incorporated under Moroccan law whose activity involves the production of goods or services. All sectors qualify, with the sole exception of real estate promotion and deep-sea fishing.
Damane Atassyir covers operating bank loans exceeding MAD 1 million. The guarantee remains valid for 18 months in the event of non-renewal, with a commission of 0.5% per transaction, excluding tax, payable upon issuance and upon each renewal.
The risk ceiling is capped at MAD 15 million per transaction and MAD 30 million per enterprise, rising to MAD 40 million where applicable conditions are met.
Damane Atassyir guarantees that applications will be reviewed by TAMWILCOM within a maximum of 10 business days from receipt of a complete file. Applications are submitted exclusively through the bank, which is responsible for compiling and forwarding the file to TAMWILCOM.
Damane Istitmar is a guaranteed solution that covers a share of the risk on medium and long-term investment loans and leasing facilities granted to enterprises incorporated under Moroccan law, for amounts exceeding MAD 1 million. It applies to medium and long-term investment loans and leasing facilities. Guarantee coverage is 60% of the loan principal, increasing to 70% when the applicable eligibility conditions are met.
Damane Istitmar is open to enterprises incorporated under Moroccan law, as well as to individual buyers in the context of business transfer operations, whose activities involve the production of goods or services. All sectors qualify, with the sole exception of real estate promotion and deep-sea fishing.
Damane Istitmar covers medium and long-term investment bank loans and leasing facilities. The guarantee runs for the full duration of the loan, with a flat commission of 2% excluding tax, calculated on the loan amount.
The risk ceiling is capped at MAD 15 million per transaction and MAD 30 million per enterprise, rising to MAD 20 million and MAD 40 million, respectively, where applicable conditions are met. A specific ceiling of MAD 10 million applies to financial restructuring operations.
Damane Istitmar guarantees that applications will be reviewed by TAMWILCOM within a maximum of 10 business days from receipt of a complete file. Applications are submitted exclusively through the bank or leasing company, which is responsible for compiling the file and forwarding it to TAMWILCOM.
Damane Express guarantees a portion of bank lending risk, giving businesses the breathing room they need to protect their cash flow and maintain continuity. The solution covers short, medium, and long-term bank loans, leasing facilities up to MAD 1 million, and honour loans up to MAD 300,000. Guarantee coverage stands at 70% of the loan principal, rising to 80% for women-owned or women-managed businesses.
Damane Express is open to any enterprise incorporated under Moroccan law whose activity involves the production of goods or services.
All sectors qualify, with the sole exception of real estate promotion and deep-sea fishing.
Damane Express covers short, medium, and long-term bank loans, leasing facilities up to MAD 1 million, and honour loans up to MAD 300,000. For short-term loans, the guarantee remains valid for 18 months from the date of issue if not renewed.
The commission is set at 0.5% excluding tax on issuance and renewal for short-term loans of 12 months or less, and at a flat rate of 1.5% excluding tax for medium and long-term loans, leasing facilities, and honour loans, with a minimum of MAD 200 excluding tax per transaction.
The risk ceiling is capped at MAD 2 million per enterprise and per lending institution.
Damane Express guarantees applications are processed within 48 hours through a secure electronic data exchange. Applications are submitted through the borrower's bank, leasing company, or an accredited association, which is responsible for compiling the file and forwarding it to TAMWILCOM.
