Enda Inter-arabe III

Promoter – Financial Intermediary

Enda Inter-arabe

Location

• Tunisia

Description

Local currency loan to finance the expansion of Enda Inter-arabe, a Tunisian Microfinance association.

Objectives

The proposed loan is expected to contribute actively to the funding of micro entrepreneurs that, because of their weaker position, are very exposed to the instability of the current transition period. The proposed transaction will support micro-enterprises, micro-entrepreneurs and agricultural producers in Tunisia by enhancing their access to the credit market, thereby contributing to both economic growth and social inclusion.

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

TND equivalent up to EUR 4 million

Total cost (Approximate amount)

Not applicable

Environmental aspects

Not applicable.

Procurement

Not applicable (private sector investment).

Status

Signed - 30/05/2013