Enda Tamweel has successfully completed a reserved capital increase of 72 million Tunisian dinars. The development will enable Enda Tamweel to mobilize more debt financing in order to serve a greater number of micro entrepreneurs in Tunisia, meet their growing microcredit needs, and contribute to the financial inclusion of populations excluded from the traditional financial system.

The amount was fully subscribed by six international investors: BIO (Belgium), PROPARCO (France), the SANAD Fund for MSME (Luxembourg), SIDI (France), TRIODOS Investment Management (Netherlands), and WWB Capital Partners (United States).

This investment once again attests to the interest shown by these international financial institutions in Enda Tamweel in particular and in the microfinance sector in Tunisia in general, and strengthens Enda Tamweel’s long-standing strategic partnership with these institutions.

The NGO Enda inter-arabe will remain the main shareholder of Enda Tamweel.

Essma Ben Hamida, Executive Director and co-founder of Enda Tamweel, said: “We have achieved our dream of seeing the small microcredit project launched in 1995 with USD 20,000 turn into a strong microfinance institution serving thousands of Tunisian women and men who were previously deprived of access to financial services.” She added, “This capital increase is part of pursuing the institution’s new development plan, launched in 2013 with the aim of consolidating its achievements and preparing it for future growth in order to contribute to economic development and social stability in Tunisia.”

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SANAD