In order to support the participatory finance market, “Tamwilcom” has set up a window in accordance with the directives of the CSO and BAM.
Launched in June 2020, Tamwilcom’s participatory window, “Sanad Tamwil”, changes its name to “Daama Tamwil” with a new visual identity, as part of the institution’s new dynamic. The mission of this window is to facilitate access to financing granted by banks and participatory windows, both for businesses and individuals. At the end of 2021, “Daama Tamwil” had an outstanding amount of 179 million DH: 122 million on the business market and 57 million for individuals.
The “Tamwilcom” participatory window changes its name. It becomes “Daama Tamwil”, a name associated with a new visual identity, instead of “Sanad Tamwil”. This is announced by “Tamwilcom”, the brand name of the National Company for Guarantee and Corporate Financing (SNGFE: ex-CCG), on the occasion of the publication of its 2021 activity report. where the institution reveals the results of its participatory window. It should be recalled that in June 2020, as part of the support for the crowdfunding market, “Tamwilcom” launched its “Sanad Tamwil” window, exclusively dedicated to the activity of crowdfunding.
This window’s mission is to facilitate access to financing granted by banks and participatory windows, both for companies and individuals, through the establishment of dedicated guarantee mechanisms and products in accordance with the directives of the Superior Council of Ulemas (CSO) and Bank Al-Maghrib (BAM). To activate these offers, cooperation agreements relating to the “Damane Moukawala” Fund, for companies, and “Damane Iskane”, for individuals, were signed in June 2020 with banks and participatory windows.
The results of 18 months of activity (July 2020 to December 2021) show that on the business market, the number of guaranteed financing granted to VSMEs by the “Damane Moukawala” Fund reached 82 files, for an overall volume of financing of 230 million DH and a total commitment of 143 million. In 2021, Bank Al Yousr ranks first on the list of banking partners with 79% of commitments granted, followed by Al Akhdar Bank (9%) and Umnia Bank (7%). The “Damane Moukawala” guarantee has been extended to companies based in 9 different regions of the Kingdom, with a preponderance of the Casablanca-Settat region, which concentrates 40% of the Fund’s commitments at the end of 2021.
With regard to activity in favor of individuals, the total number of beneficiaries of the intervention of the “Damane Iskane” Fund, dedicated to participatory real estate financing, stood at 498 people between 2020 and 2021. The overall volume of the funding amounts to 125.47 million DH and a commitment of 62.18 million DH. In 2021, Umnia Bank remains the leading prescriber of the “Damane Iskane” guarantee, with 92% in volume of commitment granted, followed by Bank Assafa (8%).
It should be noted that for individuals, the Mohammedia Foundation for Social Works of Magistrates and Justice Officials (FMJ) had signed a framework agreement with “Tamwilcom” for the creation and management of the “Adl Iskan” Fund through its participatory window. . The purpose of this fund is to provide financial support to the members of the foundation, thus allowing them to benefit from preferential conditions relating to the acquisition of housing and land with a view to its construction. In 2020, five members of the Foundation benefited from the intervention of the “Adl Iskane” Fund for a total volume of funding granted which amounts to 2.83 million DH.
In 2021, the “Adl Iskane” product benefited 133 members for a cumulative financing of approximately 38 million DH.
At the end of 2021, “Tamwilcom” posted outstandings of 179 million dirhams on participatory finance: 122 million on the business market (i.e. 0.1% of the overall outstandings of “Tamwilcom”) and 57 million for individuals ( i.e. 0.05% of the total outstanding amount).