Moroccan microfinance refinancing institution Jaida has hit MAD 4.7 billion ($470 million) in cumulative financing since its 2007 launch. The CDG Group subsidiary is now set to broaden its scope beyond microfinance after receiving approval to finance organizations within Morocco’s Social and Solidarity Economy (SSE).
Quick Facts
- $470 million in cumulative financing since 2007.
- Supported nearly 2 million beneficiaries.
- New mandate to finance Morocco’s Social and Solidarity Economy.
A Two-Decade Track Record in Financial Inclusion
Over nearly two decades, Jaida has become a key financial enabler in Morocco, supporting seven microcredit associations and Tamwil El Fellah (TEF), a financing company for small-scale agriculture. The institution’s funding has powered nearly 2 million beneficiaries through 82 separate financing operations.
Jaida’s portfolio has historically focused on core economic drivers, with agriculture receiving 41% of its financing, followed by commerce at 36%. A significant 55% of the income-generating activities it has financed are based in rural areas, and 31% are led by women, underscoring its commitment to financial inclusion across the Kingdom. The institution has mobilized MAD 3 billion (approximately $331 million) from impact investors and development partners.
Expanding Beyond Microfinance
Following a green light from Bank Al-Maghrib in September 2025, Jaida is entering a new operational phase. The approval allows the institution to extend its financing activities to a broader range of organizations in the Social and Solidarity Economy, including cooperatives, aggregators, and various national and regional funds.
This strategic shift addresses a critical gap, as these segments have traditionally struggled to secure funding from conventional financial institutions. The expansion aligns directly with the goals of Morocco’s New Development Model and its National Financial Inclusion Strategy.
New Products on the Horizon
To support its expanded mission, Jaida is developing a new suite of financial products specifically designed for the needs of SSE organizations. The institution plans to launch pilot projects in 2026 to test and refine these offerings.
These initiatives will be paired with technical assistance programs aimed at building the capacity of cooperatives and other social economy actors. The long-term objective is to position Jaida as a leading impact finance institution in Morocco, driving growth in a vital, yet underserved, sector of the economy.
About Jaida
Jaida is a Morocco-based microfinance refinancing institution and a subsidiary of the CDG Group. Since its creation in 2007, it has been dedicated to refinancing microfinance institutions to promote financial inclusion. It is now expanding its mandate to provide financing solutions to organizations within Morocco’s Social and Solidarity Economy.
Source: Morocco World News
