Tunisia: Micro-Finance – Inma Finance grants 7 billion in financing to Enda Tamweel

Tunis/Tunisia — INMA Finance, a private investment holding company dedicated to Tunisian companies, has just granted financing of 7 million dinars (MD) to Enda Tamweel, Tunisia’s first micro-finance institution. The funding is intended for micro-entrepreneurs, Enda Tamweel said.

INMA Finance will contribute to the financing of micro-entrepreneurs, the sustainability of very small businesses and the creation of jobs in an unfavorable economic context caused mainly by the COVID-19 pandemic.

This financing is a new partnership which “will mark the beginning of a fruitful collaboration with an actor fully committed to supporting financial and social inclusion”, declared the general manager of Enda Tamweel, Mohamed Zmandar.

“It will revitalize the economic fabric by creating jobs and encouraging the self-employed, mainly women and young people. Proximity to populations who do not have access to financing will also be increased.”

INMA Finance “supports the social mission of Enda Tamweel and commends its role in financial inclusion, support for entrepreneurship and the preservation of jobs which are in line with INMA’s strategy”, said Managing Director Fatma Merai. There will be additional funding as part of a long-term partnership.

Enda Tamweel has a network of 104 offices and 5 mobile offices whose service area extends to rural areas.

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