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Marrakech: Support Program for cooperatives suffering from the impact of Covid-19

Written by FDM

With a budget of US $ 3 million, the Support Program for Cooperatives having suffered the repercussions of the Covid-19 pandemic in the Marrakech-Safi region was launched on Tuesday, July 13 in Marrakech.

The Support Program for Cooperatives having suffered the repercussions of the Covid-19 pandemic in the Marrakech-Safi region was launched in Marrakech. Funded by the United States Agency for International Development (USAID), in partnership with the National Initiative for Human Development (INDH), GiveDirectly, the wilaya and the Council of the Marrakech-Safi region, this program targets 250 cooperatives from sectors such as agriculture and local products, sustainable tourism, crafts, and services.

Each sector will be provided with financial support to help them develop their activities thanks to working capital grants of 90,000 DH covering, in particular, the needs for the purchase of raw materials, other necessary materials, production tools, communications and marketing, training, and other similar expenses. It should be noted that this project is an important component of the collaboration between the American and Moroccan governments to promote the social and economic inclusion of vulnerable populations, in particular, women, young people, and people with specific needs.

Thanks to funding from USAID and GiveDirectly, this partnership will boost the local and regional economy with more than US $ 3 million, which will help increase investment, promote national and international trade, as well as create jobs. This program will, directly and indirectly, benefit more than 11,500 people in the Marrakech-Safi region, while strengthening the autonomy of women by improving their access to economic resources and allowing them to play a key role in the development of their cooperative businesses.

USAID and GiveDirectly plan to expand the program to other regions of Morocco, bringing the total budget to US $ 12.7 million and reaching 960 cooperatives.
(With Map)

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