A few days after a deal with banker UBCI, Enda Tamweel announces a new partnership with Inma Finance.

The Tunisian private debt vehicle, Inma Finance, concluded on January 26 a financing agreement of TND7 million ($2.3 million) with the Tunisian microfinance body Enda Tamweel. The beneficiary will use the money to finance micro-entrepreneurs as well as very small Tunisian companies (VSEs).     

"I hope this partnership will mark the beginning of a fruitful collaboration with an actor committed to supporting financial and social inclusion. This funding will help boost the economic fabric by encouraging self-entrepreneurs in a context where the effects of the crisis are still being felt," said Mohamed Zmandar (pictured), CEO of Enda Tamweel.

This operation marks the second financing agreement concluded by Enda Tamweel since the beginning of the year. The company secured on January 12 a TND150 million loan from the Union Bancaire pour le Commerce et l'Industrie (UBCI).

Enda Tamweel, which has been active on the Tunisian market since 1995, claims to have served more than 1 million people to date, with a total of 4 million loans granted mainly to micro-enterprises in rural areas.

Chamberline Moko