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Saturday 19 June 2021
HomeNewsTunisia: Enda Tamweel’s loan portfolio amounts to 700 MD

Tunisia: Enda Tamweel’s loan portfolio amounts to 700 MD

The current loan portfolio of the microcredit institution “Enda Tamweel” amounts to 700 million dinars (MD), allowing about 400 thousand customers to benefit from the funds needed either for the launching of their projects or as working capital, Kheireddine Kahia, head of agricultural and environmental strategy at Enda told TAP news agency.

Speaking on the sidelines of a workshop on “investment in the agricultural sector by and for women”, the official added that women represent 65% of Enda’s customers, which corresponds to nearly 250,000 women.

He also said that the number of farmers benefiting from Enda’s financing services amounts to 100 thousand, of which 60 thousand are women farmers.

In the same context, he noted that a credit granted to a farmer can reach 40 thousand dinars, and that the repayment is flexible and takes into consideration his/her capacities and financial means.

Kahia recalled that the Enda institution, with an experience of more than 30 years in the field of microcredit, works to support Tunisians in different sectors of activity to achieve their projects which will ensure their financial inclusion and boost development, especially in the interior regions.

He also indicated that the institution is currently working, in cooperation with the Tunisian Farmers’ Union (Synagri), on the finalization of a draft agreement, intended to ensure financial support and adequate supervision for Tunisian women farmers.

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