What are the financing modalities?
The accompanying counselor appointed by the local
branch of the National Agency for Youth Employment Support shall submit the
files acceptable to the bank or financial institution designated by the
committee. The bank or financial institution shall hand over the loan file to
its interests and reach the young entrepreneur and the consultant accompanying
the local branch of the National Youth Employment Support Agency You should let
him know.
The consultant accompanying the local branch of
the National Agency for Youth Employment Support shall ensure the permanent
follow-up of the owner of the project at the level of the bank or the financial
institution concerned until its settlement and the grant of the financing loan.
In accordance with the provisions of Executive
Decree No. 03-290 of 6 September 2003, the bank or financial institution
concerned shall be available to process the loan file no later than two (2)
months from the date of deposit with its interests. Young entrepreneurs with a
final refusal by the committee can submit a new investment file to the
committee.
3. What are the proposed funding formats?
For the two formulas provided for by the National
Agency for Youth Employment Support, the cost of the investment shall not
exceed ten (10) million Dinars:
Triple funding:
In this formula, a personal contribution is added
to a loan exempt from interest granted by the National Agency for Operational
Support
Youth and bank loan without interest.
The composition of this type of funding consists
of two levels:
Level 1:
The cost of investment is less than or equal to five (5) million dinars.
Personal Contribution The interest-free loan
granted by the National Agency
To support the operation of youth bank loan
1% 29% 70%
Personal interest - free loan granted by
National Agency for Youth Employment Support Bank
Loan
2% 28% 70%
Second level: the cost of investment exceeds five
(5) million dinars and less or equal ten (10) million dinars
B. Bilateral funding:
In this formula, an interest-free loan granted by
the National Agency for Youth Employment Support is added to the personal
contribution.
The composition of this type of
funding consists of two levels:
The first level: the cost of investment or less
or equal to five (5) million dinars.
Personal contribution Interest-free loan granted
by the National Agency for Youth Employment Support
71% 29%
Second level:
the cost of investment exceeds five (5) million dinars and less or equal ten (10)
million dinars
Personal Contribution The interest-free loan
granted by the National Agency
To support youth employment
72% 28%
- Other types of interest-free loans
called "supplementary" can be granted when necessary (trilateral
funding) to young entrepreneurs in completion only:
- An additional interest-free loan of
500,000 riyals compensated for young people with vocational training
certificates for the acquisition of mobile workshops for the practice of
rationing, building electricity, heating, air-conditioning, glass industry,
building oil and automotive mechanics.
- An additional interest-free loan of
500,000 DH is compensable for the rental of shops for activities
Stable, excluding (non-resident activities or
collective offices).
- An additional interest-free loan,
which can be up to USD 1,000,000, is compensable for education certificate
holders
In order to provide for the rental of shops
intended for the creation of collective offices to carry out activities related
to medical fields, judicial assistants, accounting experts, accountants,
certified accountants, studies and follow-up offices in the construction,
public works and irrigation sectors.
- Reduction of bank interest rate to
(100%) (triangular financing)
