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Saturday 5 December 2020
Home News Tunisia: Enda Tamweel successfully raises 30 million dinars on bond mark

Tunisia: Enda Tamweel successfully raises 30 million dinars on bond mark

The micro-finance institution Enda Tamweel has just successfully closed a bond loan issued without a public offering for an amount of 30 million dinars.

The loan has attracted the interest of Tunisian and foreign investors. Indeed, the African Local Currency Bond Fund was among the subscribers to this issue and marks its entry into the Tunisian market.

ALCB Fund, whose mandate is to develop African corporate bond markets, was created by KfW, the German Development Bank in 2012-2013 with the support of the German Federal Ministry for Economic Cooperation and Development (BMZ).

The interest aroused by this issue among both Tunisian and foreign investors shows the confidence placed in Enda Tamweel whose financial and social performance ranks it as a benchmark both nationally and regionally.

This issue was led by Tunisie Valeurs and is part of a strategy aimed at consolidating and diversifying the sources of financing of “ENDA Tamweel” in order to support the development of its activity under the best conditions.

Created by the non-governmental organization Enda Inter-Arabe, a pioneer of micro-finance in Tunisia since 1995 with a portfolio of 390,000 active clients and an outstanding amount of more than 900 million dinars, Enda Tamweel operates through a network of 101 branches and 5 mobile counters serving mainly isolated regions.

 It employs nearly 2,000 people, 70% of whom are graduates.

Enda Tamweel makes a strong contribution to the economic development of the country by ensuring the financial inclusion of vulnerable populations, with a focus on women, youth and rural populations.

By encouraging self-employment through the promotion of entrepreneurship, it helps a large number of young people and women to earn a living on their own.

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