ENDA TAMWEEL MICROFINANCE LOAN

Promoteur – Intermédiaire Financier

ENDA TAMWEEL SA

Lieu

• Tunisie

Description

Synthetic local currency loan to fund microfinance activities of ENDA TAMWEEL, a microfinance company in Tunisia.

Additionality and Impact

A large portion of the population in Tunisia has limited access to finance, particluarly vulnerable groups such as women, youth, micro-entrepreneurs and population living in rural areas. This new operation with Enda Tamweel is a good opportunity to contribute to fight against powerty by supporting financial inclusion of these groups and helping them to grow. Microfinance Institutions face shortage of liquidity in Tunisia and have limited local sources of funding (not allowed to take deposits and no access to the Central Bank refinancing mechanism). External sources of funding is crucial for Microfinance Institutions such as Enda. With this synthetic loan in Tunisian Dinar, the EIB will fill in this market gap by providing affordable resources in local currency with a long tenor .

Objectifs

This synthetic local currency loan aims at supporting microfinance activities of ENDA TAMWEEL in Tunisia and promoting access to finance for micro/small enterprises specifically targeting women, youth, refugees and poor populations living in rural areas.

Commentaires

Project information for publication has been shared with ENDA on 26th July. The publication will be requested once operation approved by MC.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 9 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Passation des marchés

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Statut

Signé - 9/12/2021