BCP Attawfiq Gender Bond

This case study describes the launch of Morocco's first Gender Bond by BCP and its subsidiary Attawfiq Micro-Finance, which raised USD 25 million to provide microloans and non-financial services to women to overcome systemic socio-economic barriers.

• BCP issued Morocco's first Gender Bond in partnership with Attawfiq Micro-Finance, raising approximately USD 25 million via private placement. This made BCP the first institution in Africa to issue such a bond, with support from the Moroccan Capital Market Authority (AMMC) and FSD Africa.
• The Gender Bond enabled Attawfiq Micro-Finance to empower over 17,000 women through a combination of microloans and non-financial services, such as leadership workshops, networking opportunities, and financial literacy training.
• Women in Morocco face specific barriers to formal financial participation, including limited income, lack of asset ownership due to cultural norms and traditional inheritance laws, and restricted mobility, particularly for those in rural regions.

APA

FSD Africa (2025). BCP Attawfiq Gender Bond. https://fsdafrica.org/impact-stories/bcp-attawfiq-gender-bond/

Chicago

FSD Africa. BCP Attawfiq Gender Bond. 2025. https://fsdafrica.org/impact-stories/bcp-attawfiq-gender-bond/.

Wikipedia

{{cite report |author=FSD Africa |title=BCP Attawfiq Gender Bond |date=26 May 2025 |url=https://fsdafrica.org/impact-stories/bcp-attawfiq-gender-bond/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2025bcp, author = {{FSD Africa}}, title = {{BCP Attawfiq Gender Bond}}, institution = {FSD Africa}, year = {2025}, month = may, url = {https://fsdafrica.org/impact-stories/bcp-attawfiq-gender-bond/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }