Rabat – The Ministry of Tourism announced on Tuesday that people seeking to delay the repayment of their Forsa program loan for a full year must submit their applications before February 28 on the official online platform.
Forsa is a state program supporting youth entrepreneurship in Morocco.
In 2023, the government said that the initiative had so far incubated 11,200 project holders, enabling 1,200 young entrepreneurs to finance their businesses in that year.
The ministry also funded 21,200 project initiators, facilitating the creation of over 40,000 jobs. A total of 45% of the employed were women while 55% were men.
In the 2022 edition, the initiative financed 10,000 project holders (20% being women, 80% men).
Beneficiaries from rural areas were at 20% compared to 80% from urban areas.
Many project holders, however, have appealed to the government to defer repayment for another year. Others are also appealing for the cancellation of the repayment, citing challenges in their projects and other financial-related issues.
In response, the ministry stated that since the launch of this initiative, approximately 4,000 beneficiaries submitted their applications out of around 21,000 project holders eligible for this postponement.
“The option allows project holders to suspend repayment of their installments for a full year, with a rescheduling of payment dates, enabling them to continue developing their activities under more favorable conditions,” the ministry said.
The press statement concluded by emphasizing that beneficiaries must take advantage of this opportunity by submitting their applications immediately via the platform.
Last year, Morocco’s Ombudsman Hassan Tarik said he received 500 complaints about the program. He cited “unexplained exclusions” and “complex procedures” that have frustrated many applicants.
The Ombudsman’s office identified several concerning patterns, including the classification of beneficiaries as entrepreneurs without providing them with corresponding financial support.
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