MICROCAPITAL BRIEF: EBRD Lends $8.7m to Compagnie Internationale de Leasing to Support MSMEs in Tunisia

The European Bank for Reconstruction and Development (EBRD), a UK-based financial institution, recently announced that it is providing a senior unsecured loan of TND 25 million (USD 8.8 million) to Compagnie Internationale de Leasing (CIL), a Tunisian company that rents and leases industrial equipment and goods. The loan is intended to allow CIL to expand its leasing of equipment and other items to micro-, small and medium-sized enterprises (MSMEs). During 2015, CIL reportedly earned gross revenue of TND 40.8 million (USD 17.7 million).

This transaction was disbursed from a vehicle EBRD recently established specifically to offer funding in Tunisian dinars. Founded in 1991, EBRD has 65 shareholding countries as of 2017. EBRD focuses on “the promotion of private and entrepreneurial initiative.” In 2016, EBRD invested EUR 9.4 billion (USD 10.1 billion) in companies from 30 countries. In 2015, EBRD reported total members’ equity of EUR 14.6 billion (USD 15.7 billion).

By Phoebe Rorke

Sources and Additional Information:

[1] EBRD Supports Small Businesses in Tunisia

[2] CIL Financial Report 2015

[3] European Bank for Reconstruction and Development

[4] EBRD Financial Report 2015

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at http://www.microcapital.org/products-page/.

Share

Comments are closed.