EBRD, Attijari bank and Enda Tamweel to support small businesses in Tunisia
December 9, 2021
The European Bank for Reconstruction and Development (EBRD) is firming up access to finance for Tunisian micro, small and medium-sized enterprises (MSMEs).
The Bank is providing Attijari bank with a second unfunded risk-sharing guarantee of 50 per cent on a loan to Enda Tamweel, the country’s leading microfinance institution.
Under the EBRD’s Risk Sharing Framework RSF), Attijari bank will extend a loan of up to TND 40 million to Enda Tamweel for on-lending to local MSMEs, its core customers, which need financial support to cover liquidity shortages arising from the coronavirus pandemic.
Enda Tamweel will channel part of the financing to women-led firms, which will also benefit from technical capacity-building services.
Since the start of its operations in Tunisia in 2012, the EBRD has invested close to €1.4 billion in 57 projects there and supported more than 1,200 SMEs through European Union-funded technical assistance.