Damane Intelak is a guaranteed solution that covers a share of the lending risk on loans granted to eligible businesses under the Intelaka Programme. It applies to investment and operating loans, including honour loans capped at MAD 300,000. Guarantee coverage stands at 80% of the loan principal, capped at MAD 1.2 million, rising to 85% for women-led businesses and enterprises promoted by Moroccans of the World.
Who is eligible and which sectors are covered?
Damane Intelak is open to enterprises incorporated under Moroccan law, whether natural or legal persons, whose activity involves the production of goods or services, and meeting the following conditions:
What financing is covered, how long does the guarantee last, and what does it cost?
Damane Intelak covers short, medium, and long-term bank loans up to MAD 1.2 million, as well as honor loans up to MAD 300,000. For operating loans, the guarantee remains valid for 18 months in the event of non-renewal. The guarantee is granted free of charge, with no commission applied.
What is the risk ceiling?
The risk ceiling is capped at MAD 1.2 million per enterprise, across all outstanding facilities combined.
How long does it take and how do I apply?
Applications are processed directly by the lending institutions through an electronic data exchange, in accordance with the terms agreed with each establishment. Guarantee requests are submitted through the partner financial institution of your choice, which is responsible for compiling and forwarding the file.
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