Jaida Reaches $470 million in Financing, Expands social Economy

Since its creation, Jaida has mobilized MAD 3 billion (around $331 million) from impact investors and development partners through national and international public-private partnerships.

Rabat– Morocco’s microfinance refinancing institution Jaida has reached MAD 4.7 billion ($470 million) in cumulative financing since its launch in 2007, supporting nearly 2 million end beneficiaries through 82 financing operations, the institution announced.

A subsidiary of the CDG Group, Jaida has spent nearly two decades refinancing microfinance institutions across Morocco. Its funding has benefited seven microcredit associations operating nationwide, as well as Tamwil El Fellah (TEF), a specialized financing company supporting small-scale agriculture.

Agriculture accounted for 41% of Jaida’s financing portfolio, followed by commerce (36%), other sectors (17%), and crafts (6%). The institution said 55% of the income-generating activities it financed were located in rural areas, while 31% were led by women, reflecting its focus on financial inclusion.

Since its creation, Jaida has mobilized MAD 3 billion (around $331 million) from impact investors and development partners through national and international public-private partnerships. In 2025 alone, the institution reported an outstanding portfolio of MAD 686 million (about $76 million) and annual financing production of MAD 310 million (roughly $34 million).

Jaida is now entering a new phase of development after receiving approval from Bank Al-Maghrib in September 2025 to expand its activities beyond microfinance institutions to include organizations operating in Morocco’s Social and Solidarity Economy (SSE).

The new authorization allows Jaida to finance cooperatives, aggregators, and national and regional funds—segments that have traditionally faced limited access to conventional financing. The institution said the expansion aligns with Morocco’s New Development Model and National Financial Inclusion Strategy.

As part of this strategy, Jaida is preparing a new range of financial products tailored to Social and Solidarity Economy organizations. Pilot projects are scheduled to launch in 2026, alongside technical assistance programs designed to meet the needs of cooperatives and other social economy actors, with the long-term goal of establishing Jaida as a leading impact finance institution in Morocco.