Tunisia

 

ENDA Inter-Arabe

 

ENDA is Tunisia’s leading MFI and has had an important impact on women and the urban poor in Tunisia. Founded in 1990 and providing microcredit since 1995, ENDA has been a pioneer in the country, reaching over 27,000 active clients with a gross loan portfolio of nearly US $9 million. ENDA is one of the few MFIs in the region that is financially self-sustainable.  In 2005, ENDA won the Tunisian President’s award for promoting family as part of the country’s celebration of the 57th anniversary of the Universal Declaration of Human Rights. ENDA plans to continue its courageous work in improving the livelihoods of Tunisian households and its goal is serve 100,000 families by 2009.

 

ENDA formed a relationship with the Initiative in June 2003. ENDA received a guarantee in the amount of US $375,000 that was leveraged 2x to secure a local currency loan in the amount of US$750,000; this guarantee set a new precedent for leverage within Tunisia.