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$950,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Oct 26, 2025
Project Estimated Start Date
Jan 1, 2025
Project Estimated End Date
Jun 30, 2028
Project Description
This Project aims to help the Moroccan microfinance institution Fondation Attawfiq strengthen core operations and prepare for growth by supporting the MFI in its digital, HR, and institutional transformation and introducing at least one new product to attract new clients.
Development Results
The overall objective of this project is to support the Moroccan microfinance institution, Fondation Attawfiq, in implementing the prioritized strategies defined with the support of IFC under the pre-implementation phase of the advisory/upstream project 605460, in terms of institutional, digital, and HR transformation, in addition to product development.
Indicator
Cumulative
Number of new financial products designed
null
Number of participants in workshops, training events, seminars, conferences, etc.
null
Number of participants providing feedback on satisfaction
null
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
null
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
null
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
null
Number of workshops, training events, seminars, conferences, etc.
null
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its due diligence, and as mandated by IFC's Sustainability Policy, the IFC team has screened this Project to assess consistency with IFC's Performance Standards (PS). The client is a microfinance institution, which, typically, have a low exposure to E&S risks but are required to manage these risks actively, as per the requirements of PS1. Accordingly, and as per the IFC E&S Review Procedures (para. 5.10), the project team will need to ensure that the advice provide to the client shall be consistent with the PS. E&S risks will be further reviewed throughout the lifecycle of the project.
IFC advice will be provided in a manner consistent with the PS. During the initial stages of implementation, the project team will consult with the CEG through its Regional ESG Manager (Lead Environmental Social Specialist on the project) to identify specific activities to move the client towards greater consistency with the PS. Such activities will be jointly delivered by FIG and CEG, so that that the advisory activities are conducted by E&S specialists familiar with PS requirements.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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