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. The agreement aims to benefit 200,000 individuals by providing funding to 40,000 family farms in the northwestern and central western regions of Tunisia.
As of December 2014, Enda Inter-Arabe reported total assets of USD 130 million, a gross loan portfolio of USD 121 million and 246,788 active borrowers. The organization, which does not take deposits, is a member of Senegal-based NGO Enda Third-World, which engages in a range of development activities in 14 countries in Africa, Eurasia and Latin America. In 2015, AFD earmarked EUR 8.3 billion (USD 9 billion) for development in third-world countries.
By Kevin van den Brink, Research Associate
About Agence Française de Développement (AFD)
Established in 1941, Agence Française de Développement (AFD) is a bilateral development finance institution that seeks to implement the overseas development assistance policies of the French government. AFD finances projects in approximately 90 countries in four continents. In 2015, AFD earmarked EUR 8.3 billion (USD 9 billion) for development in third-world countries.
About Enda Inter-Arabe
Enda Inter-Arabe was founded in Tunisia in 1990. It is a non-governmental organization and a member of Senegal-based Enda Third-World, a non-governmental organization that is active in various development efforts in 14 countries in Africa, Eurasia and Latin America. Enda Inter-Arabe offers financial services such as loans and loan-insurance as well as non-financial services such as training in accounting and marketing; excursions; exhibitions; networking events and counseling on legal issues, health and public services. As of December 2014, Enda Inter-Arabe reported total assets of USD 130 million, a gross loan portfolio of USD 121 million and active borrowers totaling 246,788. Enda Inter-Arabe does not take deposits.
Sources and Additional Resources
[1] African Manager, News, “Tunisia AFD Provides ENDA EUR 10 Million to Finance Small Scale Agriculture”
MicroCapital Universe Profile: Agence Française de Développement (AFD)
MicroCapital Universe Profile: Enda Inter-Arabe
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