Financing MSMEs Through Capital Investment

Supported institution: Entrepreneur Financial Centre Tunisia

Investment date: December 2014

Total investment: 2.5 million Canadian dollars

Project description

Entrepreneur Financial Centre (EFC) Tunisia is a microfinance institution that provides financing to micro, small and medium-sized businesses in Tunisian cities and suburbs. DID created the institution and acted as its initial promoter, investor and operator. In December 2019, DID handed over the reins to a local management team, marking DID's fifth and final such transfer in the country.

EFC Tunisia has put in place a social and environmental risk assessment process for the activities it finances and an entrepreneur support program. In 2019, the centre also developed an official gender equality approach.

The institution has 13 locations and more than 5,500 active clients.