TAYSIR

Promoter – Financial Intermediary

Adie International, a French NGO for the development of microfinance in Europe and the Mediterranean region.

Location

• Tunisia

Description

Subordinated convertible loan for the benefit of a greenfield Tunisian microfinance institution.

Objectives

The project aims at supporting the activities of Taysir, a newly established microfinance company in Tunisia. The operation will back the development of the local financial sector for the on-lending to micro-projects, and bolster support for the private sector and the development of microenterprises. The investment will contribute to poverty reduction and social inclusion through access to finance for small rural farmers, young unemployed and self-employed.

Sector(s)

• Services - Financial and insurance activities

Proposed EIB finance (Approximate amount)

EUR 1 million

Total cost (Approximate amount)

EUR 5 million

Environmental aspects

N/A

Procurement

N/A

Status

Signed - 3/12/2014