Morocco - Apply for Lending (Fintech, Micro-Finance, Credit) License

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Procedure

Apply In Person

1. To Apply for a Lending (Fintech, Micro-Finance, Credit) License, the applicant has to approach the Minister of Economy and Finance link
2. An application form will be provided to the applicant by the concerned officer.
3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
6. Submit all the documents with the completed form to the concerned officer.
7. The applicant has to pay the prescribed fee as requested by the authority.
8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
9. An acknowledgment receipt will be provided. Please save it for future reference.
10. Then the application will be processed further.
11. Once the process gets completed, the applicant gets a call from the office regarding the application.
12. The applicant has to visit the office to get the trading license.
13. This entire process can be completed within 2 - 3 weeks or as per the timeline advised by the respective department authority.

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Required Documents

• Application form
• ID proof (Birth Certificate, national Identity card, etc)
• Address proof – (Driving license, passbook, utility bill, etc)
• Fee receipt
• Tax Identification Number
• Financial statement
• Business plan
• Any other documents (If required)

Office Locations & Contacts

Minister of Economy and Finance
Bd. Med V. Quartier Administratif
Rabat - Chellah
Phone: +212 5 37.67.75.01 to 08
Fax:+212 5 37.67.75.26
E-mail: [email protected]
Contact link

Eligibility

• Any business person or individual who intends to Apply for Lending (Fintech, Micro-Finance, Credit) License is eligible to make this application.

Fees

• The applicant has to pay the prescribed fee as requested by the authority.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 2 – 3 weeks or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name
• Address
• Age
• Gender
• Qualification certificate
• Contact number
• Email
• Business plan details
• Business number
• Fax
• Nationality
• Other details
• Declaration
• Date
• Signature

Need for the Document

• Lending (Fintech, Micro-Finance, Credit) License in Morocco refers to the authorization granted by the Moroccan regulatory authority to financial institutions to operate as lenders or providers of credit services in the country.

Information which might help

• Fintech lending companies provide loans and other financial services using digital technologies such as mobile apps, online platforms, and data analytics.
• Microfinance institutions (MFIs) provide financial services to low-income individuals and small businesses who are typically excluded from traditional banking services.
• Credit institutions offer various types of loans to individuals and businesses.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Link

Others

More information which might help people.