A program implemented following the High Royal Directives.
Extract from the Royal speech at opening October session of the parliament on October 12, 2018.
“ … We therefore recommend that we build on what has been accomplished in the agricultural sector and create more employment and income-generating opportunities, especially for youths in rural areas.
Our aim is to establish and consolidate a rural middle class and to make sure it plays a balancing role and serves as a lever for the achievement of economic and social development …”
Extract from the Royal speech at opening October session of the parliament on October 11, 2019
«…Therefore, we urge the Government and Bank Al-Maghrib, in coordination with the Moroccan Banks Professional Group, to focus on the development of a special program to support young graduates, to finance self-employment projects… »
IESFP implementation agreements
Dating for its launch, Three agreements on the implementation of the “Integrated Entrepreneurship Support and Financing Program (IESFP)» have been concluded before His Majesty on January 27, 2020.
Entrepreneurship support and assistance actions at the regional level
Financial inclusion of the rural communities
Objectives and context of the program
Enabling access to finance
Reduce loan costs and improve guarantee conditions
Support project holders
3 financing offers for your various needs :
Target of the program
Excluding real estate development
(Not applicable for companies exporting to Africa and for innovative farms)
Less than or equal to MMAD10 MDH
Regional committee for support and monitoring of the Integrated Entrepreneurship Support and Financing Program (IESFP)»
- BANK AL-MAGHRIB
At least once per month, and as many times as necessary
- Coordinating and monitoring the implementation of measures at regional level for facilitating access to bank financing for project holders and SMEs
- Monitor the implementation of information and awareness-raising actions on the support system for project leaders
- Identify experts' networks in charge of providing technical assistance to project holders (project development and legal assistance etc).
- Identify partners for projects incubation
- Make proposals to simplify procedures and digitalize them
- Monitor the implementation of the action program to strengthen the support system and draw up periodic reports
Review of achievements
Following one year of implementation of the PIAFE and the High Directives of His Majesty King Mohammed VI, may God assist him, the regional committee of accompaniment and follow-up of this program has drawn up a report on the achievements in terms of financing and accompaniment. The efforts made by the partners of the program, including the RIC, have enabled Fez-Meknes to reach the Top 3 regions in terms of funding “INTELAKA” project.
Review at the end of May 2021
AFWAJ, the first comprehensive support program in the Fez-Meknes region
The IRC Fez-Meknes in partnership with the National Agency for the Promotion of Employment and Skills (ANAPEC), the Business Creation Foundation of the Banque Populaire Group (BCFBPG) and the Regional Banque Populaire of Fez-Meknes (RBP), proceeded to the effective launch on April 23, 2021 of “AFWAJ”, the first comprehensive program of support for project holders in the Region of Fez-Meknes.
AFWAJ reinforces the existing support system in the context of the Integrated Entrepreneurship Support and Financing Program (IESFP) launched following the very High Directives of His Majesty King Mohammed VI, may God assist him, aiming in particular at facilitating access to financing, reducing loan costs and simplifying procedures.
It offers beneficiaries support during the entire project phase, from the project idea development up to the financing application, including training on entrepreneurship, assistance in preparing the business plan and assistance in the business creation process. This new program is part of a proactive approach where the support actors go to meet the project holders at the level of the nine prefectures and provinces of Fez-Meknes region.