EBRD, Attijari bank and Enda Tamweel to support small businesses in Tunisia

December 9, 2021
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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.

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Countries covered:

  • Tunisia