Enda Tamweel
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
Investment field
Financial Institutions
Activity
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
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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
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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.
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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.
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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
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Gender
Scores on two 2X criteria
- leadership (42% of Board members are female) and
- consumption (59% of borrowers are women)
View more of our investments in this region
Financial Institutions
BRAC International Finance
12,815,000.00
Liberia, Sierra Leone, Tanzania, Uganda
08/11/2024
Debt
