Increasing outreach to rural and urban micro and small enterprises in Tunisia

Country: Tunisia

Type of investment: financial institution

Purpose: Financing of micro- and small agribusinesses

Financial close: March 2020

Tenor: 5 years

S&E Category: F

In March 2020 AATIF, as part of a syndication arranged by FMO, provided Enda Tamweel with a facility of EUR 10m equivalent in Tunisian Dinars – constituting AATIF’s first local currency facility.

Enda Tamweel is a leading microfinance institution in Tunisia. In the last 30 years, Enda has proven its expertise that transformed the microfinance sector in Tunisia, thanks to a wide range of services combining financial and non-financial aspects such as coaching and trainings, through its close collaboration with Enda inter-arabe. The microfinance company has financed around 900.000 people with more than 3 million loans since its creation. Its financial products are tailored to women-entrepreneurs (59% of loan portfolio), farmers (27% of loan portfolio) and young entrepreneurs (27% of Enda’s clients). Besides, Enda caters to its clients’ needs by providing them non-financial services that include vocational training, business management and financial education trainings.     

AATIF joined the syndication with a focus on supporting the banks endeavors to increase its outreach and product offering to rural and urban micro and small enterprises along the agricultural value chain. The funding was provided during a critical phase of the corona pandemic, allowing Enda to continue to provide funding to the sector which often saw liquidity needs raise during the time of lock-down.

The transaction allows AATIF to tackle its objective by helping close the funding gap in the agricultural sector, especially for micro and small enterprises, and further supports the creation of income and employment opportunities.

Agricultural portfolio

27 %

Agricultural portfolio as a percentage of total bank portfolio

agricultural sub-loans

Not yet available

Number of agricultural sub-loans benefitting from AATIF funding seasonally

Number of employees


Female employees


Male employees

Enda has a workforce totaling 1,923 employees, comprised of 925 female employees (48%) and 998 male employees (52%), with the majority on permanent contracts.

  • Figures are based on latest available self-reported data by investees and data collected by AATIF’s collaboration partners
  • Figures are subject to change as and when additional information becomes available
  • Figures reported here are not replacing rapid appraisals / impact evaluations that are done in addition