The European Bank for Reconstruction and Development, a UK-based multilateral financial institution, is researching the possibility of disbursing a senior, unsecured loan of no more than EUR 20 million (USD 27.3 million) to Tunisie Leasing, a leasing company with operations in Tunisia and Algeria, to support its on-lending to micro-, small and medium-sized enterprises (MSMEs) in Tunisia. The undertaking aims to decrease the liquidity constraints of Tunisian MSMEs. As of 2013, Tunisie Leasing has total assets of EUR 433 million (USD 592 million).
By Tejas Jain, Research Associate
About European Bank for Reconstruction and Development (EBRD):
The European Bank for Reconstruction and Development (EBRD) is a multilateral institution headquartered in London. The bank began operations in 1991 upon the agreement of 40 countries, and it is owned by 61 countries as well as the European Investment Bank and the European Union as of 2012. It aims to finance operations that are both commercially viable and assist development in 29 countries in Eastern Europe, Central Asia and North Africa. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2012, EBRD invested EUR 8.7 billion (USD 11.4 billion) in 388 projects across 34 countries.
About Tunisie Leasing:
Tunisie Leasing, which began its operations in 1984, provides leasing services for individuals and businesses in sectors such as autos, real estate, medical and construction. The company offers leasing services both in Tunisia and Algeria. As of June 2013, Tunisie Leasing had total assets of EUR 433 million (USD 592 million).
Sources and Additional Resources:
European Bank for Reconstruction and Development Website, “Tunisie Leasing – SME Loan,”
http://www.ebrd.com/pages/project/psd/2013/45639.shtml
MicroCapital Article, October 4, 2013, “European Bank for Reconstruction and Development (EBRD) Considers Lending $23.5m to Russia’s Transcapitalbank for Residential Energy Efficiency,”
https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-ebrd-considers-lending-23-5m-to-russias-transcapitalbank-for-residential-energy-efficiency/
MicroCapital Article, July 24, 2013, “Sanad Fund for MSME Loans $6m to Enda Inter-Arabe of Tunisia for Young Entrepreneurs, Micro, Small, Medium-sized Enterprises in Rural Areas,”
https://www.microcapital.org/microcapital-brief-sanad-fund-for-msme-loans-6m-to-enda-inter-arabe-of-tunisia-for-young-entrepreneurs-micro-small-medium-sized-enterprises-in-rural-areas/
MicroCapital Article, July 9, 2013, “European Bank for Reconstruction and Development Loans $80m to Turkey’s Yapi Kredi for SME Energy Efficiency Projects,”
https://www.microcapital.org/microcapital-brief-european-bank-for-reconstruction-and-development-loans-80m-to-turkeys-yapi-kredi-for-sme-energy-efficiency-projects/
MicroCapital Universe Profile: European Bank for Reconstruction and Development (EBRD)
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=European+Bank+for+Reconstruction+and+Development+%28EBRD%29
MicroCapital Universe Profile: Tunisie Leasing
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Tunisie+Leasing
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