PROJECT

Projects

Summary of Proposed Investment

Project Number

24657

Company Name

ENDA INTER ARABE

Date SPI Disclosed

Jun 20, 2006

Country

Tunisia

Industry

Financial Markets

Projected Board Date

Jul 20, 2006

Status

Completed

Sector

Microfinance and Small Business - Non Commercial Banking

Department

Regional Industry - FIG Africa

Environmental Category

FI

Previous Events

Approved : Jun 26, 2007
Signed : Sep 19, 2007
Invested : Mar 14, 2008

Project Description

The project involves IFC providing enda inter-arabe (Enda) with a financing and technical assistance package that will complement its strong growth and expansion plans in the coming years. Enda is a microfinance institution (MFI) operating in Tunisia. Since 1995, Enda has provided more than 136,000 loans to over 45,000 borrowers.

The project has two components:

- a partial credit guarantee to enable Enda to source local currency financing from local banks; and
- a technical assistance package to strengthen Enda’s future growth strategy.

Sponsor / Cost / Location

Development Impact