In response to the ongoing financial and operational hurdles faced by small businesses fulfilling public contracts, Finéa is stepping up its game. The financing institution has rolled out two new tailored solutions—Damane Tamwin and Damane Istirad—designed to ease cash flow pressures and streamline supply chains, both domestically and internationally.
Damane Tamwin specifically targets Moroccan suppliers by guaranteeing payments on their behalf. This not only builds trust and speeds up delivery timelines but also lifts a heavy burden off the shoulders of small businesses awarded public contracts, who often struggle to manage upfront costs. The mechanism effectively greases the wheels of procurement, ensuring that operations run more smoothly from start to finish.
Meanwhile, Damane Istirad addresses a critical pain point for companies relying on international imports. Developed in close collaboration with partner banks, this instrument secures overseas transactions and minimizes risks, offering a reliable framework for businesses sourcing goods beyond Moroccan borders. It’s a strategic move aimed at enhancing confidence and continuity in global supply chains.
