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
Microfinance institution
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)
View more of our investments in this region


Financial Institutions
The Currency Exchange Fund n.v.
7,091,000.00
Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
05/09/2007
Equity

Investment Companies & Funds
Africinvest Fund II LLC.
6,000,000.00
Tunisia, Burkina Faso, Cameroon, Côte d'Ivoire, Ghana, Kenya, Nigeria, Senegal
28/08/2008
Equity

Investment Companies & Funds
Argan Infrastructure Fund LLC PCC (ARIF)
6,000,000.00
Algeria, Egypt, Morocco, Tunisia
29/11/2011
Equity

Investment Companies & Funds
Amethis Maghreb Fund I (ex. CNAV II)
5,000,000.00
Morocco, Tunisia
31/05/2013
Equity

Investment Companies & Funds
Maghreb Private Equity Fund IV
10,000,000.00
Algeria, Egypt, Morocco, Tunisia
29/11/2017
Equity




Investment Companies & Funds
Maghreb Private Equity Fund II
6,000,000.00
Algeria, Morocco, Tunisia
29/06/2006
Equity



Investment Companies & Funds
Maghreb Private Equity Fund III
6,000,000.00
Algeria, Morocco, Tunisia
05/09/2011
Equity

Investment Companies & Funds
Maghreb Private Equity Fund III
2,000,000.00
Algeria, Morocco, Tunisia
16/09/2014
Equity