Release date: 9 July 2014
Promoter – Financial IntermediaryAdie International, a French NGO for the development of microfinance in Europe and the Mediterranean region.
Subordinated convertible loan for the benefit of a greenfield Tunisian microfinance institution.
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.
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 1 million
Total cost (Approximate amount)
EUR 5 million
Signed - 3/12/2014
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).