8th edition of the National Support Program for Income-Generating Activities via Microcredit

The National Support Program for Income Generating Activities (IGAs) via Microcredit was initiated in 2014 by the CDG Foundation in partnership with the Mohammed VI Support Center for Solidarity Microfinance, the National Federation of Microcredit Associations and the Fonds Jaida.

Its objective is to contribute to the fight against the social exclusion of young people by promoting self-employment, thus contributing to their integration and economic autonomy. This proactive partner initiative enables the identification and financial support of IGA initiatives led by micro-entrepreneurs, women and men, supported by Microcredit Associations (AMC), and whose viability and relevance have earned these projects pre-financing from the latter.

This 8th edition of the Program, launched in June 2022, saw the participation of 476 micro-project leaders located in the different regions of the Kingdom, representing 7 Microcredit Associations. 245 projects were deemed to meet the eligibility criteria, and were submitted for final evaluation by a Jury Committee made up of program partners and independent members.

The evaluation of the files by the jury allowed the final selection of 200 micro-projects of proximity and with territorial dimension distributed on the 12 regions of the kingdom and relating to the following sectors of activity: Agriculture and breeding, food trades, art and crafts, hairdressing and aesthetics, logistics and transport, services, education, mechanics, catering, transport…

In total, 3 million dirhams of financial aid have been allocated to all micro-project leaders aged 20 to 45 (i.e. 76 women and 124 men) meeting the selection criteria and the rules of the call. projects approved by the Program Steering Committee.

Trophies, medals and certificates of merit were awarded to the managers of the AMCs participating in this edition, namely: Attadamoune, ARDI, Attawfiq, Al Amana, BRJ, Arrawaj and the Microcredit Foundation of the North.

As a reminder, each year, a call for applications is launched to microcredit associations with a view to identifying projects in the process of being created or recently created eligible for the Programme. The financial assistance allocated by the CDG Foundation makes it possible to finance part or all of the personal contribution of the beneficiaries, which is equivalent to 50% of the cost of the project up to the limit of the ceiling of the credit allocated by the AMCs.

The winners also benefit from training provided by the Mohammed VI Support Center for Solidarity Microfinance. This year, the training focused mainly on the “Financial Education” module, which took place from December 27 to 29, 2022.

Previous Post Next Post