Breakthrough for SMEs as collateral obstacles for bank credit are removed
On Tuesday, March 5, 2024, the Mohammed VI Fund for Investment (FM6I) and the Professional Grouping of Banks of Morocco (GPBM) officially launched the CapAccess Fund. For its first operational product, FM6I has positioned itself as a savior of SMEs by addressing a major and common issue that slows down the development of our SMEs and even endangers them in many scenarios.
The goal of the fund is to correct the undercapitalization of companies wishing to invest who are hindered by the one-third contribution required by banks. CapAccess thus offers to cover a subordinated debt of onethird of the capitalization needs of companies, complemented by a two-thirds debt granted by the bank. This significant initiative should drive development and address the critical capital needs of Moroccan SMEs.
