Microfinance: Arrawaj Foundation CEO Mouatassim Belghazi seeks $15 million
The organisation of the former CEO of the Moroccan royal holding company has no choice but to refinance itself externally if it wants to maintain its high growth.
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▪ Microfinance: Arrawaj Foundation CEO Mouatassim Belghazi seeks $15 million
▪ The organisation of the former CEO of the Moroccan royal holding company has no choice but to refinance itself externally if it wants to maintain its high growth.
▪ https://www.africabusinessplus.com/en/812047/microfinance-arrawaj-foundation-ceo-mouatassim-belghazi-seeks-15-million/
Behind the scenes, negotiations between the Arrawaj Foundation (formerly Al Baraka), one of the pioneers of microfinance in Morocco, and the International Finance Corporation (IFC), headquartered in Washington DC, have been going on for several months. The discussions focused on Arrawaj obtaining a $15 million loan in local currency with a maturity of five years.
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