PROJECT

Projects

Summary of Investment Information

Project Number

49718

Company Name

ENDA TAMWEEL SA

Date SPI Disclosed

Dec 17, 2024

Country

Tunisia

Region

Africa

Projected Board Date

Jan 16, 2025

Environmental Category

FI-3 - No Impact

Status

Pending Signing

Last Updated Date

Feb 5, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Feb 4, 2025

Sector

Microfinance and Small Business - Non Commercial Banking

Additional Project Attributes

Blended Finance

Project Description

The proposed investment consists of a five-year senior unsecured Tunisian dinars loan of up to EUR100 million equivalent in local currency (LCY) to ENDA Tamweel (the “Borrower” or “The MFI”), split as follows: (i) up to EUR40 million on IFC own account, and (ii) up to EUR60 million syndicated parallel loan(s). The proceeds of the IFC loans (deliverable and non-deliverable loans) will be used to on-lend to MSMEs in Tunisia to help preserve and sustain low-income jobs.

The team expects the following breakdown of the proceeds’ facility: 50% to women and women-owned businesses, 30% to the youth and young entrepreneurs, and 50% in rural areas (the “Project”).                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation