The Challenges Young Entrepreneurs Face in Morocco
In Morocco, young entrepreneurs are bursting with ideas and ambition, yet many find themselves held back by a common obstacle: access to finance. Despite the growing potential of micro, small, and medium-sized enterprises (MSMEs), securing the necessary capital remains a daunting challenge, particularly for those under 35.
With only 14% of young Moroccans holding a bank account, financial exclusion continues to hinder economic opportunities. Limited access to banking services and funding creates a major gap between entrepreneurial potential and business success. This issue is further exacerbated in regions recovering from the devastating 2023 earthquake, where economic resilience is crucial for rebuilding communities.
A New Wave of Opportunities for Young Entrepreneurs
In a significant step toward addressing these financial gaps, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have joined forces to promote youth entrepreneurship in Morocco. A groundbreaking €20 million loan—provided in local currency—to Al Amana Microfinance is set to transform the financial landscape for young business owners.
This funding, part of the EBRD’s Youth in Business programme, is designed to provide much-needed capital to private MSMEs owned or led by young entrepreneurs. With a strong focus on earthquake-affected regions, the initiative will not only bolster economic recovery but also pave the way for a more inclusive financial ecosystem.
Beyond financial support, young business owners will gain access to capacity-building training and technical assistance—ensuring they are equipped with the skills needed to sustain and grow their ventures. This initiative also benefits from first-loss risk cover, enhancing the security of sub-loans granted in disaster-stricken areas.
How the EBRD, EU, and Al Amana Are Driving Change
This initiative is not just about providing financial aid—it’s about fostering long-term empowerment. By partnering with Al Amana Microfinance, a key player in Morocco’s financial landscape, the EBRD and EU are ensuring that financial support reaches those who need it most. With 647 branches and 2,400 dedicated employees, Al Amana’s extensive reach makes financial inclusion a reality, from bustling urban centers to Morocco’s most remote regions.
The collaboration is further strengthened by the EU’s European Fund for Sustainable Development Plus (EFSD+), which mobilizes public and private resources to drive sustainable economic growth. Through a €39.8 billion global guarantee capacity, the EU continues to support key investments that foster resilience and entrepreneurship worldwide.
Building a Sustainable and Inclusive Economy
With Morocco’s status as a founding member of the EBRD, the country has already witnessed over €5.2 billion in investments across 110 projects since 2012. This latest initiative underscores the Bank’s commitment to fueling sustainable energy, infrastructure reform, and direct financing for private enterprises.
For young Moroccan entrepreneurs, this partnership signifies more than just financial relief—it represents a future filled with opportunities. As financial barriers are dismantled and resources become more accessible, the next generation of business leaders can confidently take charge, transforming ideas into thriving enterprises and contributing to Morocco’s economic development.The future is bright, and with the right support, young Moroccan entrepreneurs are ready to build it.
