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.
Who is eligible and which sectors are covered?
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.
What financing is covered, how long does the guarantee last, and what does it cost?
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.
What is the risk ceiling?
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.
How long does it take and how do I apply?
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.
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