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Titre : Enda tarmweel III Project - Microfinance in Tunisia

Pays : Tunisie
Localisation : Endas head office is located on , Cite El Khadra, 1003 Tunis, Tunisia. It operates through a network of 65 branches/outlets, which are located throughout Tunisia.

Actual Start Date : 2015-12-11

Identifiant IATI : XM-DAC-903-SII-35267

Présentation
The Project (“ENDA III”) consists of IFC providing support to an existing client, ENDA Inter-Arabe (“ENDA”), in the form of local currency-linked financing. ENDA is Tunisia’s largest existing microfinance institution, having more than 240,000 clients as of June, 2014, of which 70% are women. Average loan size is US$679. ENDA’s micro credit operations commenced in 1995.

Objectifs
Job Creation and Poverty reduction : The proposed investment is expected to have a high impact in facilitating micro and small enterprises access to finance - an area of key strategic priority for IFC. As IFC assists ENDA to increase and diversify its sources of funding, in a difficult economic and sector context, the project addresses the need to serve those segments of the population that lack the most access to credit ; hence seeking to (i) reduce income disparities in the country, and (ii) contribute to job creation. Demonstration Effect and Sector Development : The proposed IFC loan, in a liquidity shortage context, will send a strong signal to international investors and local commercial banks, which will help mobilize additional sources of funding to ENDA and the nascent sector.

International Finance Corporation

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