The European Bank for Reconstruction and Development (EBRD) is further supporting micro and small enterprises (MSEs) in Tunisia by providing a TND 4 million (€1.6 million equivalent) loan to Microcred Tunisie S.A. (Microcred), a microfinance institution that began operating in November 2014.
This loan will help Microcred to increase its lending capacity at a time when the firm is rapidly developing its activities in the country through the expansion of its branch network. Microcred will on-lend these funds to micro, small and medium-sized enterprises (MSMEs), with a particular focus on the development of poorer regions and women-led businesses, thus supporting job creation, according to EBRD.
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Source: The Financial