Symbiotics Investments recently issued a loan of USD 7.5 million to Tunisie Leasing and Factoring (TLF) “to further expand its renewable energy and energy-efficient machinery and equipment offerings” for small and medium-sized enterprises (SMEs) in Tunisia. Symbiotics sourced the funding
Search Results for: Tunisia
MICROCAPITAL BRIEF: ATB Secures $23m Loan Guarantee from DFC for Local-currency Lending to MSMEs in Tunisia
Arab Tunisian Bank (ATB) recently acquired a guarantee in the amount of USD 22.75 million from the government-backed US International Development Finance Corporation (DFC) to support its local-currency lending to “inland and hard-to-reach” micro-, small and medium-sized enterprises (MSMEs) in Tunisia. The focus on inland areas is motivated by
MICROCAPITAL BRIEF: Amen Bank of Tunisia Borrows $17m from Sanad for On-lending to MSMEs Adjusting to COVID-19 Pandemic
Tunisia’s Amen Bank recently accepted a senior loan of EUR 14 million (USD 16.7 million) from the Luxembourg-domiciled Sanad Fund for MSME. Via its 160 branches, Amen Bank is to on-lend the funds to
MICROCAPITAL BRIEF: ATL Secures $12m from Sanad for SME Leasing in Tunisia During COVID-19 Pandemic
Tunisia-based Arab Tunisian Lease (ATL) recently secured a senior loan of EUR 10 million (USD 12 million) from Sanad Fund for MSME, a Luxembourg-domiciled investor in lenders to micro-, small and medium-sized enterprises (MSMEs), for
MICROCAPITAL BRIEF: Enda Tamweel, FMO Ink $65m Syndicated Loan for Education, Enterprise, Housing Microfinance in Tunisia with Support from TCX, AATIF, ASN, Microbuild, BlueOrchard
Enda Tamweel, a Tunisian microfinance institution, and the Netherlands Development Finance Company, which is also known by its Dutch acronym FMO, recently finalized a syndicated loan agreement denominated in Tunisian dinars equivalent to EUR 60 million (USD 65 million). Two thirds of the funding will flow to Enda via
MICROCAPITAL BRIEF: Startup Kaoun to Offer Flouci Mobile Banking Application in Tunisia
As its first product, Tunisia-based startup Kaoun is planning to roll out a mobile banking application called Flouci. The app will let customers use a mobile phone to create a mobile wallet that
MICROCAPITAL BRIEF: Green for Growth Fund (GGF) Lends $7m to Attijari Leasing for MSMEs in Tunisia
The Green for Growth Fund (GGF), a Luxembourg-domiciled investor in renewable energy and energy efficiency, recently loaned EUR 6 million (USD 6.9 million) to Attijari Leasing, a Tunisia-based firm, to fund energy-efficiency improvements for micro-, small and medium-sized enterprises in Tunisia. Attijari Leasing, which is controlled by
MICROCAPITAL BRIEF: EBRD Loans $59m to Qatar National Bank (QNB) Tunisia for Small, Medium-sized Enterprise (SME) Financing
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned EUR 50 million (USD 59 million) to Qatar National Bank (QNB) Tunisia, a subsidiary of the Qatar-based QNB Group. QNB Tunisia will use the proceeds from the loan to on-lend to small and medium-sized enterprises (SMEs) in Tunisia. This is the first transaction between EBRD and QNB Tunisia.
MICROCAPITAL BRIEF: Enda Tamweel Raises $30m in Equity for Microfinance in Tunisia from BIO, PROPARCO, Sanad Fund for MSME, SIDI, Triodos, WWB
Enda Tamweel, a microlender primarily held by Tunisian NGO Enda Inter-Arabe, recently raised equity funding of TND 72 million (USD 30 million) in unspecified portions from six new
MICROCAPITAL BRIEF: Entrepreneur Financial Centre (EFC) Tunisia Receiving Technical Assistance from International Finance Corporation (IFC), Opening New Branch in Sfax
Entrepreneur Financial Centre (EFC) Tunisia, a for-profit microfinance institution based in Tunis, recently arranged to receive advisory services from the International Finance
MICROCAPITAL BRIEF: Tunisia’s Union Internationale de Banques (UIB) Borrows $45m from EBRD for SMEs
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently announced it will loan EUR 40 million (USD 44.9 million) to Union Internationale de Banques (UIB), a Tunisian bank, to support small and medium-sized enterprises’ (SMEs’) “lending activities and expand access to finance for underserved
MICROCAPITAL BRIEF: EBRD Lends $10.9m 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 10.9 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
MICROCAPITAL BRIEF: Microfinance Institution EFC Tunisia Nets $2.1m from Agence Francaise de Developpement (AFD): Half for Technical Assistance, Half as Equity via Proparco
The Entrepreneur Financial Centre (EFC) of Tunisia, a microfinance institution (MFI) operated by Canada’s Développement International Desjardins (DID), recently obtained an equity investment of EUR 1 million (USD 1.1 million) from Société de Promotion et de Participation pour La Coopération Economique (Proparco), a development finance institution of the French government’s Agence Francaise de Developpement (AFD). AFD also committed EUR 1 million (USD 1.1 million) for
MICROCAPITAL BRIEF: Agence Française de Développement (AFD) Loans $12m to Enda Tamweel of Tunisia
Agence Française de Développement (AFD), the overseas development agency of the French government, recently provided TNR 22.8 million (USD 12 million) in debt funding to Enda Tamweel, the agricultural and livestock microfinance division of Tunisia-based microfinance organization Enda Inter-Arabe.
MICROCAPITAL BRIEF: Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), Arab Tunisian Lease Partner to Mobilize $5m for 750 Firms in Tunisia
The Sanad Fund for MSME, a Luxembourg-based public-private partnership that provides medium- and long-term debt and equity financing in the Middle East and North Africa, and Arab Tunisian Lease (ATL), a Tunisia-based company that provides lease financing for equipment, vehicles and real estate, signed a senior loan agreement for USD 5 million to support micro-, small and medium-sized enterprises (MSMEs) in Tunisia. This funding is slated to expand ATL’s portfolio by an additional 750 MSMEs.
MICROCAPITAL BRIEF: Sanad, Attijari Leasing Partner to Increase Financing for Small, Medium-sized Enterprises (SMEs) in Tunisia
The Sanad Fund for MSME, a Luxembourg-based public-private partnership that provides medium- and long-term debt and equity financing in the Middle East and North Africa, and Attijari Leasing, a Tunisia-based subsidiary of Attijari Bank that provides leasing services, signed a senior loan agreement for USD 5 million to support micro-, small- and medium-sized enterprises (MSMEs) in Tunisia.
MICROCAPITAL BRIEF: EBRD, EU Scale Up Support for Small, Medium-Sized Businesses in Tunisia with Donation of $11m
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently announced that it is increasing its support of small and medium-sized enterprises (SMEs) in Tunisia. The European Union (EU) through the Programme d’Appui à la Compétitivité des Services (PACS) is providing EUR 10 million (USD 11.3 million) to the initiative.
MICROCAPITAL BRIEF: Développement international Desjardins (DiD) Opens Fifth Entrepreneur Financial Center to Offer Microcredit in Tunisia
Développement international Desjardins (DiD), a Canadian nonprofit supporting the community finance sector in emerging economies, has officially opened the Centre financier financial aux entrepreneurs de Tunisie, which is known in English as the Entrepreneur Financial Center of Tunisia (EFC Tunisia).