The Centre Financier aux Entrepreneurs (CFE) Tunisia, on Thursday, announced the successful closing of subscriptions and payments for its 15 million dinars bond issue, without a public offering.
CFE Tunisia, a microfinance institution authorized by the Microfinance Control Authority (MCA) since 2015, said the initial issue of the bond was for 8 million dinars, which could be increased to 15 million dinars.
The effective closing of this loan, with the subscription reaching the ceiling of 15 million dinars over 5 years, demonstrates the financial strength and growing confidence of both old and new investors.
The funds raised will enable the institution to strengthen its position on the Tunisian market, consolidate its medium and long-term resources and continue to support Tunisian micro-entrepreneurs by offering them financial products and services tailored to their needs.
The Chairman of the Board of Directors of CFE Tunisia, Radhi Meddeb, stated that “the success of this bond issue testifies to the financial solidity and credibility of CFE Tunisia among financial operators. The funds raised will allow us to continue supporting micro-entrepreneurs in a difficult economic context”.
The CFE’s mission is to facilitate access to professional financial services for micro-entrepreneurs and VSEs/SMEs in Tunisia.
The institution currently has sixteen branches in 14 governorates. As of February 28, 2023, the CFE had 12,723 active clients with an outstanding amount of 115 million dinars.
