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Public financial institutionTamwilcom (ex-CCG) — Caisse Centrale de Garantie
Tamwilcom is the Moroccan state-owned guarantor and co-financing institution for SMEs and innovative start-ups. It does not lend directly to founders most of the time — instead, it guarantees a portion of bank loans (so banks say yes to higher-risk files) and runs the Innov Invest fund of funds for early-stage ventures.
What Tamwilcom does
- Guarantees bank credit to SMEs (Damane suite).
- Co-finances some loans alongside banks.
- Runs Innov Invest — a MAD 700M+ programme injecting capital into Moroccan VC funds and providing direct grants/seed convertibles.
- Manages restructuring and turnaround facilities.
Flagship products for founders
| Product | Use case | Coverage |
|---|---|---|
| Damane Express | Working capital + investment loans up to MAD 1M for very small enterprises. | 70 % of loan principal. |
| Damane Création | New SME investment loans. | Up to 80 %. |
| Damane Développement | Established SME expansion. | Up to 60 %. |
| Damane Export | Working capital tied to export contracts. | Up to 70 %. |
| Damane Crea-Innov | Innovative start-ups. | Up to 80 %. |
| Innov Idea / Start / Risk | Pre-seed grants & convertibles for innovative ventures. | Direct funding via partner accelerators. |
How to access — the bank route
- Build a complete business plan + financial model (see our templates).
- Approach a participating bank (Attijariwafa, BMCE, BCP, CIH, Crédit Agricole, Société Générale Maroc, BMCI, CDM).
- Bank credit committee evaluates & structures the request.
- Bank submits a Tamwilcom guarantee request via the bank-Tamwilcom dedicated portal.
- Tamwilcom decision: typically 5–15 working days for Damane Express.
- Loan disbursed by the bank.
How to access — Innov Invest
- Apply through one of the partner accelerators / incubators (UM6P Ventures, CEED Morocco, Bidaya, La Factory, IMPACT Lab, MNF Ventures).
- Selection & programme participation.
- Innov Idea grant (typically MAD 200k) → Innov Start (MAD 500k convertible) → Innov Risk (MAD 2M+ in syndicate).
Eligibility — typical SME criteria
- Moroccan-registered company.
- Annual turnover < MAD 200M (SME definition).
- Compliant with CNSS, DGI, OMPIC.
- Project showing repayment capacity (DSCR ≥ 1.3) for credit guarantees.
- Innovative dimension for Innov-prefixed products.
Souss-Massa & Agadir presence
Tamwilcom is headquartered in Rabat. There is no separate Agadir office — engagement happens via the Agadir branches of partner banks. CCIS Souss-Massa and Bidaya occasionally host Tamwilcom information sessions.
Pros & cons for founders
- Pro: Without Tamwilcom guarantees, most Moroccan banks would not lend to early-stage SMEs.
- Pro: Innov Invest is the largest non-dilutive seed pool available in Morocco.
- Con: Banks still require equity (≥ 30 %) and personal guarantees in many cases.
- Con: Innov Invest can be slow — budget 4–6 months from application to first cash.