Enda Tamweel

Equity : December 2020

BIO has invested an additional TND 1.2 M in equity in Enda Tamweel, the pioneer microfinance institution in Tunisia.

Amount

€ 365,916.96

Type of investment

Equity

Development impacts

  • Local economic growth
  • Financial inclusion
  • Food security & rural development
  • Access to basic services & goods
  • Gender

Beneficiary locations

Middle East & North Africa: Tunisia

Investment field

Financial Institutions

Activity

KK.64.191  Microfinance institution

Organisation

Enda Tamweel

Domicile

Tunisia

More investments in

Enda Tamweel

  • Debt € 8,000,000.00 (2019)
  • Equity € 5,863,753.66 (2017)

Enda Tamweel serves a specific mission: “to economically empower marginalized households, and particularly women and youth, by providing a full range of high quality financial services and fostering micro-entrepreneurship”. Enda has a team of over 1,400 employees, a wide outreach through 80 branches across all 24 Tunisian governorates, and a diverse range of microfinance products.

Development impacts

  • Local economic growth

    Credit provision to MSMEs - Enda is dedicated to promoting entrepreneurship, up to micro and very small companies. BIO's investment supports the growth of credit provision to micro-enterprises

  • Financial inclusion

    Enda is a microfinance institution that is fully dedicated to serving bottom-of-the-pyramid clients and with a unique outreach, thereby having a key societal role in terms of financial inclusion in Tunisia.

  • Food security & rural development

    Enda is the only real rural player with 40% of branches in rural areas. Enda intends to expand even further to rural areas and to increase the share of its agriculture portfolio to 40% in 2022. Willingness to integrate micro-insurance product to cover climate risk.

  • Access to basic services & goods

    Solfa and Mechia products (11.5% of GLP in 2017) for micro-entrepreneurs (mainly women) working from home who borrow up to TND 3k to develop income-generating activitie

    Darna product (8.7% of GLP in 2017) to improve housing conditions and also avoid diversion of loans from the micro-activities

  • Gender

    Scores on two 2X criteria

    - leadership (42% of Board members are female) and

    - consumption (59% of borrowers are women)

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