EBRD promotes youth entrepreneurship in Morocco
Morocco, Sept. 17 -- The European Bank for Reconstruction and Development (EBRD) is supporting young entrepreneurs in?Morocco with a loan of up to €10 million (to be provided in local currency) to Fondation Arrawaj, one of the country's leading microlenders.The financing package is being provided under the EBRD's Youth in Business programme to assist Fondation Arrawaj in on-lending to private micro, small and medium-sized enterprises (MSMEs) owned or led by entrepreneurs under 35 years of age. It will place special emphasis on those regions affected by the earthquake that struck Morocco in 2023.MSMEs owned or led by young entrepreneurs present a unique market opportunity for the Moroccan financial sector and are a unique vehicle for i...
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