Credit Agricole Offers ‘Green’ Loan for Rural Real Estate in Morocco ...Morocco

Rabat – Credit Agricole du Maroc unveiled on Sunday a new type of mortgage, inviting city-dwelling residents to invest in the Moroccan countryside. The bank’s “Sakan Qaraoui” (Green Loan) housing loan will allow Moroccans to buy land in rural areas and make the necessary arrangements to build housing there. The new loan comes at a time when an increasing number of urban residents are showing interest in life in the countryside, a trend that  the state of emergencylockdownin 2020 accelerated.In response, the Credit Agricole du Maroc Group (GCAM) launched “Sakan Qaraoui†to provide people with real estate credit in rural areas.Adapting to the minute details of the rural investment, the

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