Enda Tamweel

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)