Public loan guarantees in Morocco: who applies, and what is covered

You do not apply for the guarantee — your bank does. Understanding that changes how you prepare the file.

By BelloCommerce

·

September 10, 2026

You have been told to “go and apply for a guarantee” before requesting a loan, and you cannot find a counter to do it at. That is normal: a public guarantee is not applied for by the business but by the bank, which activates it to cover part of the risk it takes on you. That mechanism explains why the quality of your file remains decisive despite the guarantee.

Meeting with a bank adviser.

The essentials in five points

The guarantee covers the bank, not you: it absorbs part of the lender’s risk if you default.
The bank applies for it, under agreements it has with the guarantee body.
It can cover up to 80% of the risk, which unlocks files a bank alone would refuse.
It does not relieve you of repayment: your commitment to the bank remains entire.
It does not replace a good file: the bank assesses first, the guarantee follows.

1. Who guarantees what, and for whom

The misunderstanding comes from the word “guarantee”, which suggests help given to the business. The mechanism is in fact a sharing of risk between the State and the lender, from which the business benefits indirectly.

The body: Tamwilcom, formerly the CCG, operates the public guarantee schemes aimed at micro, small and medium-sized businesses.
What is covered: A share of the risk borne by the bank, which can reach 80% depending on the scheme used.
Who applies: The bank, under its agreement with the body. You do not file a separate guarantee application.
What changes for you: Your repayment obligation is unchanged. What changes is the bank’s willingness to lend.

That last line is the one to hold on to before any bank meeting: the guarantee does not turn a weak file into a fundable one. It makes acceptable a risk the bank judged slightly excessive, which is not the same thing.

2. The schemes by size of project

The schemes differ mainly by borrower profile and the amount at stake. The precise conditions change regularly: what follows gives the logic, not a schedule to quote at your banker.

Profile	Logic of the scheme
A	u	t	o	–	e	n	t	r	e	p	r	e	n	e	u	r		a	n	d		m	i	c	r	o		b	u	s	i	n	e	s	s
D	e	d	i	c	a	t	e	d		s	c	h	e	m	e	s		w	i	t	h		s	i	m	p	l	i	f	i	e	d		a	c	c	e	s	s		—		a	u	t	o	–	e	n	t	r	e	p	r	e	n	e	u	r		s	t	a	t	u	s	,		w	i	t	h		I	D		a	n	d		I	C	E	,		i	s		e	n	o	u	g	h		t	o		e	n	t	e	r		t	h	e		s	c	h	e	m	e

Alongside the guarantee, Maroc PME runs support programmes — among them Forsa, Istitmar, Moussanada and Imtiaz — which follow a different logic: they are grants and support, not cover for banking risk. The two sometimes combine, but they are not applied for in the same place or in the same way.

Criteria, ceilings and covered shares change with the agreements and budget years. Have your bank confirm them on the day you build the file, rather than relying on a page found online.

3. What it changes in preparing the file

Since the bank assesses first and applies for the guarantee afterwards, your work bears entirely on the bank file. The guarantee adds no documents on your side; it adds a reason to take care over the ones that already exist.

Present a file that stands without the guarantee: that is what the bank assesses first.
Quantify your own security rather than merely mentioning it, since it interacts with the public cover.
Explain how the monthly repayment will be met, including in a downside scenario.
Ask your adviser explicitly whether the file can be put to the guarantee, and under which scheme.
Have what was agreed confirmed in writing, rather than relying on a verbal understanding.

The fourth line is the one almost nobody asks. An entrepreneur who asks under which scheme their file might pass gets a concrete answer, and sometimes a pointer to a scheme their adviser had not considered.

Building the file itself is covered in our guide to the bank credit file.

A public guarantee does not discharge your debt

If the business stops repaying, the guarantee compensates the bank up to the covered share; it does not erase your commitment, and the body may pursue the debtor for what it paid out. Reason as though the guarantee did not exist when assessing your capacity to repay — which is precisely how the bank reasons.

4. What the guarantee does not do

Three false ideas circulate and cost time. The first is that a public guarantee removes the duty to repay: it operates between the bank and the body, never to your discharge. The second is that it is automatic for any small business: it presupposes a file assessed and accepted. The third is that it replaces personal security, when in fact it interacts with it.

BelloPOS Go and Pro keep sales, purchases and, in the Pro version, the accounts: these are the records that feed the bank file, since a bank relies on a verifiable past before any forecast. The software builds no guarantee file — there is none on your side — but it supplies the figures the bank file is built on.

BelloPOS

All the features

Mistakes to avoid

Looking for a counter to file a guarantee application, when it is the bank that applies.
Relying on the guarantee to offset a weak file, when the bank assesses first.
Believing the guarantee replaces personal security, when it interacts with it.
Relying on criteria found online, which change with the agreements and budget years.
Confusing loan guarantees with support programmes, which share neither purpose nor route.

Frequently asked questions

Can I contact the guarantee body directly?

You can enquire about the schemes, but the application goes through the bank under its agreement. Your operational contact remains your bank adviser.

Does the guarantee cost anything?

Guarantee schemes carry a commission, whose treatment depends on the scheme and the bank. Ask how it is charged before signing, just as you would about the rate.

Can an auto-entrepreneur access it?

Some schemes explicitly target auto-entrepreneurs and micro businesses, with simplified access. The status, with ID and ICE, is enough to enter the scheme.

Does the guarantee speed up the decision?

Not mechanically. It adds a step between the bank and the body, but it makes a favourable decision possible where the bank alone would have refused.

What to take away

A public guarantee covers the bank, not you; the bank applies for it, and your commitment stays entire. So build a file that stands without it, quantify your own security, and ask explicitly under which scheme your file can be presented.