The second edition of the Moroccan Impact Finance Forum (MIFF) brought together entrepreneurs, investors, crowdfunding platforms, public institutions, and organizations committed to impact around a central question: How can the financing needs of impact-driven enterprises in Morocco be addressed more effectively?
Throughout the day, discussions explored the challenges of impact finance, shared new insights on crowdfunding in Morocco, and opened a constructive dialogue on the changes needed to strengthen the ecosystem.
The morning began with a collective reflection on the financing needs of impact enterprises at different stages of their development. Speakers highlighted the challenges associated with funding gaps, the limitations of traditional financing mechanisms, and the growing relevance of blended finance approaches.
Entrepreneurs and experts shared experiences that underscored the importance of creating smoother financing pathways combining grants, debt, equity investment, and innovative financial instruments.
A key moment of the Forum was the presentation of the 2025 Moroccan Crowdfunding Barometer, providing unprecedented insights into the evolution of crowdfunding in Morocco.
Conducted in collaboration with IDinsight, this edition analyzed funds raised, campaign success rates, project leader profiles, the most active sectors, and the geographical distribution of funded initiatives. The study offered a comprehensive overview of the market, helping stakeholders better understand emerging trends and identify opportunities presented by this rapidly evolving financing mechanism.
This edition holds particular significance as it represents the first analysis published since the licensing of Morocco’s first crowdfunding platforms, marking an important milestone in the structuring and development of the national crowdfunding ecosystem.
The Forum then gave the floor to stakeholders directly involved in crowdfunding campaigns, offering practical insights into the realities of the field.
Through an engaging discussion featuring Akkan Crowdfunding, a crowdfunding platform, and Wasit, an impact-driven enterprise that successfully led a fundraising campaign, participants gained a behind-the-scenes view of a crowdfunding journey, particularly the different stages that led to the realization of Morocco’s first crowdlending campaign.
A World Café to Co-Create Recommendations for the Implementation of Law 15-18 on Crowdfunding in Morocco
The afternoon focused on a Policy Dialogue – World Café, organized in collaboration with SimSim Participation Citoyenne, bringing together a diverse group of stakeholders engaged in the crowdfunding and impact finance ecosystem.
This participatory session provided an opportunity to delve deeper into the issues raised throughout the day, compare experiences and perspectives across stakeholder groups, and identify areas for improvement in the implementation of Law 15-18 on crowdfunding.
The discussions helped generate practical recommendations aimed at strengthening the crowdfunding ecosystem and supporting the growth of impact finance in Morocco. The workshop brought together representatives of national and international institutions, impact entrepreneurs, crowdfunding platforms, and organizations dedicated to developing innovative financial solutions.
Drawing on the diversity of their experiences and viewpoints, participants engaged in a rich collective reflection on the levers needed to develop more inclusive financing mechanisms, better aligned with entrepreneurs’ realities and capable of addressing Morocco’s impact development challenges.
Key Takeaways
Beyond the exchanges and discussions, the second edition of the Forum highlighted several important priorities for the future of impact finance in Morocco:
- Strengthen the complementarity of financing instruments to better respond to the diverse needs of impact-oriented organizations.
- Further develop blended finance mechanisms to support impact enterprises at every stage of their growth and development.
- Consolidate the role of crowdfunding not only as a resource mobilization tool but also as a driver of citizen engagement and funding diversification.
- Continue dialogue between public, private, and civil society stakeholders to foster a more enabling environment for impact finance.
- Move from dialogue to action by translating the Forum’s insights and recommendations into concrete initiatives that strengthen the ecosystem.
What Comes Next?
The second edition of MIFF paves the way for continued exchanges and the implementation of concrete solutions, with a shared objective: better connecting the needs of impact actors with available financial resources and mechanisms.
This edition marked a new step in the structuring and development of Morocco’s impact finance ecosystem.
The insights shared throughout the Forum, the findings from the 2025 Moroccan Crowdfunding Barometer, and the recommendations emerging from the World Café constitute valuable resources for informing future initiatives, strengthening dialogue and collaboration among stakeholders, and fostering more diverse, inclusive, and needs-based financing solutions for impact actors.
This edition was organized by happy smala, in partnership with IDinsight, SimSim Participation Citoyenne, and the International Center for Not-for-Profit Law (ICNL), as part of the Impact Together! program, in partnership with Impact Europe and with the support of the European Union.