In brief: The Intilaka program offers Moroccan entrepreneurs guaranteed loans up to 1.2 million MAD at 2% interest, backed by Tamwilcom. It targets new businesses under 24 months old and has financed over 28,000 companies since its 2020 launch.
With over 15 years of experience assisting entrepreneurs with business plan preparation and Intilaka applications, Upsilon Consulting’s chartered accountants provide authoritative guidance on securing financing.
The Intilaka program is a financing initiative aimed at supporting and funding job creation projects in Morocco. Launched by the Moroccan Government under royal instructions in February 2020, this program serves as an essential lever to promote self-employment, stimulate business creation, and strengthen productive investment across the Kingdom.
With disbursed loans exceeding 8 billion dirhams and more than 28,000 beneficiary companies, the Intilaka program has established itself as the primary financing mechanism for very small businesses (TPE) in Morocco. It targets young companies less than 24 months old and offers some of the most advantageous financing conditions available on the market.
It is possible to use this program to create your company in Morocco.
What Is the Intilaka Program?
The Intilaka program is an Integrated Support and Financing Program for Enterprises (PIAFE). It aims to bring entrepreneurial initiatives to life by fighting the informal sector and facilitating access to financing for project holders.
One of the major objectives of the Intilaka program is to reduce the unemployment rate, particularly among young people, by enabling them to turn their entrepreneurial ideas into reality with structured support and adapted financing.
The Role of Tamwilcom (Formerly CCG) in the Intilaka Program
These financing solutions benefit from a public guarantee through Tamwilcom (formerly the Central Guarantee Fund - CCG). Tamwilcom is an institution equivalent to a public credit establishment specializing in providing guarantees. Its mission is to:
“Give impetus to private initiative by encouraging the creation, development, and modernization of businesses.”
In practical terms, Tamwilcom shares the risk with banks by covering between 50% and 80% of the loan amount granted. This guarantee mechanism allows entrepreneurs who lack sufficient personal collateral to access bank financing nonetheless. This is a considerable advantage of the Intilaka program compared to conventional loans.
The 3 Financing Products Under the Intilaka Program
The Intilaka program is divided into three specific sub-offers, each tailored to a particular beneficiary profile or geographic zone:
- Damane Intelak: investment and operating loans for projects in urban areas
- Damane Intelak Al Moustatmir Al Qarawi: loans for projects in rural areas
- Start-TPE: interest-free complementary loans to finance start-up working capital
Who Can Benefit from the Intilaka Program?
The Intilaka program is open to a wide range of project holders:
- Qualified young graduates
- Self-entrepreneurs registered in the national registry
- Individual entrepreneurs
- Natural persons
- Very small businesses (TPE)
- Individual farmers
- Start-ups
The Intilaka financing program covers capital expenditure as well as initial operating expenses. To benefit from it, project holders have a wide choice of partner banks:
| Al Barid Bank | CFG Bank |
| Arab Bank | CIH Bank |
| Attijariwafa Bank | Credit Agricole du Maroc |
| Bank Al-Amal | Credit du Maroc |
| BMCE Bank | Credit Populaire du Maroc |
| BMCI | Societe Generale Marocaine des Banques |
Eligibility Conditions for the Intilaka Program
Eligibility conditions vary depending on the nature of the applicant and the location of the project:
| Companies being created | - Projected revenue below 10 million dirhams |
| Existing companies in urban areas | - Projected revenue below 10 million dirhams
|
| Existing companies in rural areas | - Same conditions as urban areas (however, exemption from these conditions for agricultural operations) |
Furthermore, companies exporting to Africa are exempt from the seniority condition, which encourages the development of South-South trade.
Details of the Intilaka Financing Offers
A - Damane Intelak Loan (Urban Areas)
The Damane Intelak loan is intended for projects and companies located in urban areas. This loan can cover all economic activities. However, real estate development and deep-sea fishing activities are excluded.
Financing amounts: cumulatively, investment and operating loans can reach a total amount of 1.2 million dirhams.
Required guarantees:
- No personal guarantees required
- Project-related guarantees only (premises, equipment, goodwill)
- No personal surety required
- Death and Total Disability insurance delegation
Preferential pricing:
- Interest rate: 2% excl. tax
- Free processing fees
- Insurance premium: 0.1% excl. tax
B - Damane Intelak Al Moustatmir Al Qarawi Loan (Rural Areas)
This loan is intended for projects and companies in rural areas. As with the urban Damane Intelak, real estate development and fishing cannot benefit from this program.
Financing amounts: the cumulative investment and operating loans can reach up to 1.2 million MAD per beneficiary.
Required guarantees:
- No personal guarantees
- Project-related guarantees (premises, equipment, goodwill)
- No personal surety required
- Death and Total Disability insurance delegation
Preferential pricing:
- Interest rate: 1.75% excl. tax (even more advantageous than in urban areas)
- Free processing fees
- Insurance premium: 0.1% excl. tax
C - Start-TPE Loan (Interest-Free Complementary Loan)
The Start-TPE loan complements the investment loan. It aims to finance start-up working capital needs. This loan can only be obtained once and is repayable within a maximum of 5 years, except in case of company liquidation proceedings.
Financing amounts: the interest-free loan can reach 20% of the investment loan amount, up to a limit of 50,000 MAD.
Guarantees: banks do not require any guarantees for the Start-TPE loan.
Pricing:
- Interest rate: 0% (entirely free loan)
- Free processing fees
Intilaka Program vs. Forsa Program: Key Differences
The Forsa program, launched in 2022, is another government initiative supporting entrepreneurship. Here are the main differences with the Intilaka program:
- Financing amount: Intilaka offers up to 1.2 million MAD, while Forsa is capped at 100,000 MAD with an additional grant of 10,000 MAD
- Guarantees: Intilaka requires project-related guarantees through Tamwilcom, whereas Forsa simplifies the process by eliminating the CCG step
- Target audience: Intilaka targets TPEs and structured project holders, while Forsa focuses more on young first-time entrepreneurs
- Support: Forsa includes e-learning training and an incubation period, while Intilaka focuses primarily on financing
How to Apply for Intilaka Financing
The procedure to benefit from the Intilaka program follows several steps:
- Prepare a solid business plan: this is the most important step. The rejection rate reaches approximately 40%, mainly due to weaknesses in project preparation
- Choose a partner bank from among the 12 approved institutions
- Compile the application file with supporting documents (national ID card, trade register, feasibility study, etc.)
- Submit the application to your chosen bank, which forwards the file to Tamwilcom for the guarantee
- Wait for approval from both the bank and Tamwilcom before funds are released
Practical Tips to Maximize Your Chances
To increase your chances of obtaining Intilaka financing, it is recommended to:
- Engage a chartered accountant to structure your business plan
- Present realistic and documented financial projections
- Demonstrate thorough knowledge of your industry
- Prepare a personal contribution, even if it is not always required
Results and Impact of the Intilaka Program
Since its launch, the Intilaka program has financed more than 28,000 companies with total loans exceeding 8 billion dirhams. These financings have generated investments totaling an estimated 13.7 billion dirhams and contributed to the creation of nearly 97,000 direct jobs.
These figures demonstrate the significant impact of the Intilaka program on the Moroccan economic fabric, particularly in rural regions and innovative sectors.
Frequently Asked Questions
What is the Intilaka program in Morocco?
Intilaka is a government-backed financing program launched by the Moroccan state to support entrepreneurship and small business development. It provides guaranteed loans with favorable conditions to help entrepreneurs create new businesses or finance the growth of existing ones, particularly in underserved regions and innovative sectors.
Who is eligible for Intilaka financing in Morocco?
The Intilaka program targets entrepreneurs, self-employed individuals, and very small to medium-sized enterprises in Morocco. Eligibility criteria include having a viable business project, meeting the program’s sector and turnover thresholds, and presenting a structured business plan. New graduates and young entrepreneurs receive particular attention under the program.
What is the maximum loan amount under the Intilaka program?
Under the Intilaka program, the cumulative investment and operating loans can reach up to 1.2 million MAD per beneficiary, with an interest rate of 2% and no personal guarantees required. The Start-TPE complementary interest-free loan can add up to 50,000 MAD for working capital needs.
Contact Upsilon Consulting for expert assistance with your Intilaka application.
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