Financing instruments

Approved by Bank Al-Maghrib, Finéa is a financing company driven by a mission of general interest in the service of the development of the national company, by facilitating its access to financing and public order.

Finéa is positioned today as a market establishment, acting in cooperation and in complementarity with the banking sector. With its commitment to contribute to the democratization of access to financing for the Moroccan SME, Finéa is considered as an important vector of financing. The establishment offers tailor-made, innovative and adapted solutions through financing, co-financing and refinancing.

 

JAÏDA is an approved financing company for microfinance institutions in Morocco, set up by its founding shareholders (CDG, KfW (the German Development Bank), the French Caisse des Dépôts (CDC) and the Agence Française de Développement (AFD)) and were joined in 2010 by Barid Al Maghrib. Its mission is to support the development of microfinance institutions by providing them with financing and assisting them in setting up development programs, based on microcredit offers tailored to the needs of their customers.

Since its creation in 2007, JAÏDA has invested nearly MAD 4.4 billion (€ 400 million) in the microfinance sector in Morocco. 

With a market share of almost 12.8%, i.e. total outstandings of MAD 933 million (€ 93 million) by end December 2023, JAÏDA has established itself as one of the largest providers of funds to the sector in Morocco. 

A subsidiary of CDG (60%) and CIH Bank (40%), Ajarinvest is the first OPCI management company approved by the AMMC. Created in 2016 to support the OPCI management activity within the CDG Group, it specializes in the structuring and management of funds investing directly or indirectly in tertiary rental property assets.

The creation of Ajarinvest reflects the commitment of its shareholders in favor of the development of the national financial market and in favor of the strengthening of tools and products consolidating the attractiveness of the Kingdom in terms of economic development and investment encouragement.