TAMWIL MOUMTAZ

Who are the eligible beneficiaries?

Any company incorporated under Moroccan law that meets at least one of the following three eligibility criteria:

• Women-owned or women-led businesses: Companies whose share capital is majority-owned by one or more women, or whose management (General Management, Managing Director, or Chairperson of the Management Board) is held by a woman.
• Investments by Moroccans Living Abroad (MLAs): Companies whose share capital is majority-owned by one or more Moroccan investors residing abroad.
• Green enterprises and projects: Financing of tangible and intangible assets, technical equipment and facilities, and buildings.

What are the terms and conditions of the joint financing facility?

• TAMWILCOM's interest rate: Fixed at 2% per annum, excluding VAT.
• Bank financing interest rate: Freely negotiable between the partner financial institution and the project owner.
• Financing tenor: To be mutually agreed upon between the partner financial institution and the project owner.
• Collateral and security: Collateral benefits both TAMWILCOM and the bank, in proportion to their respective financing shares.

What are the project financing arrangements?

Investment programmes will be financed according to the following structure:

• TAMWILCOM's contribution: Up to MAD 15 million, without exceeding the bank's contribution.
• Equity and/or self-financing: Amount to be agreed upon between the bank and the project owner.
• Bank's contribution: Financing of the remaining balance of the project's total financing plan.

Which sectors are eligible?

All business sectors are eligible, with the exception of real estate development and deep-sea fishing.