msmes morroccan guarantee system : model impact caisse centrale de garantie

MSME’S MORROCCAN GUARANTEE SYSTEM : MODEL & IMPACT

CAISSE CENTRALE DE GARANTIE

PRESENTATION

3 Strategic Fields

State Owned and Non Profitable Company. Under the Control of Ministry of Economy & Finance.

Financial Institution Under the Control of Central Bank.

Public & Unique Player as Guarantor of MSME’s Financial Needs

Banks

Leasing

Private Equity

Bonds

MSMES

CCG

Supply Demand

Mitigate the Defect of the Market Neutrality (Non Competitor) Additionality

POSITIONING

GUARANTEE ACTIVITY

Offer Covering Any Sector Diversificatioin of Financial Methods Adapted Parameters & Risk Sharing in Termf of Guarantee Coverage Rate & Risk Ceiling Guarantee Fees/Pricing/Premium

Profi

l

Guarantee Offer Corresponding With the Needs expressed by MSME During Their Cycle of Growth

GUARANTEE OFFER

Offer Oriented to the Économic Sector/Operation Targueted by the Government Investment Cofinanced by CCG & Bank Advantage in Term of Interest Rate 2% per a year

COFINANCING OFFER

CCG

Government

SME1

SME2 …Management Mandate

Company Manager

Public – Private Fund (PPF)

Private Investors

PPF’s Global Strategy Managemeny : Targuet : SME with higher Potentiel Yield Rate. (Turn Over less than M $US 11) Eligible’s Economic Sector : All Sectors Investment’s Type: Development (40%), Transmission (40%) et Start Up (20%)

PRIVATE EQUITYCovering 60% of Capital Risk 1

2

8

•Decision process•Dematerialisation•Standardisation of Risk Analysis.

•Limitation to Events Impacting the Risk.

•Adoption of the Final Loss Concept.

•Delegation to Banks.

PROCESS BASED ON VALUE ANALYSIS

I m p l e n e n t e d a c t i o n s

Business Center :Tanger, Agadir, Casablanca, Marrakech, Fès, Oujda, Rabat & Laâyoune

REGIONALIZATION : OPENING OF BUSINESS CENTER

IMPACT OF THE CCG’S GUARANTEE

Outstanding(M.US$)

Economic Sector-Industry : 36%-Trade : 16% -Public Works : 11%-Tourism : 9%

To SME8 out of 10 SME Would Have no Acess to Credit Without CCG’s Guarantee. $US 6,5 out of $US 10 Would Not Have Been Rent to SME Without CCG’s Guarantee

To Banks Reducing Risk Credit Given to SME Spreading of the Use of Banking Services Among SMEs

To State$US 1 of Endowment Generate $US 2,8 of Tax Revenue

IMPACT OF THE CCG’S GUARANTEE

11

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Thank You For Your Attention