Through its funds Triodos Microfinance Fund and Triodos Fair Share Fund, Triodos Investment Management (Triodos IM) has been a shareholder in Enda Tamweel - with an active role at board level - since 2018.

“Our relationship with Enda spans close to a decade and started with the provision of loans followed by our equity stake in 2018. This shows our long-term focus and commitment to supporting financial institutions to achieve the next level of development. It’s been a truly exciting process to be involved in Enda’s journey to firmly establish itself as one of the most renowned microfinance institutions in the Middle East and North Africa region. We feel this is the right time to step out and are confident that co-shareholder Maghrebia will continue bringing valuable expertise, such as on micro-insurance, to further the sustainable growth and development of Enda,” says Caspar Sprokel, Head of Private Equity Investments at Triodos IM.

Enda Tamweel is the leading financial institution in the country which offers financial and non-financial services for un(der)served Tunisian entrepreneurs and households. The institution finances women, young people from disadvantaged areas, farmers, and people who need to improve their living conditions through education or housing. Enda operates through a nationwide network over 100 regional branches, serves well over 450,000 loan clients and has a loan portfolio of over EUR 350 million. 

"Triodos IM was one of the first institutions to embark on this great adventure with us. This partnership has been decisive for the development of the microfinance sector in Tunisia. Thanks to the trust and support of our partners, ENDA Tamweel has become a forerunner that serves Tunisians who want to embark on an entrepreneurial adventure, improve their living conditions and take destiny in their hands", says Ms Essma Ben Hamida, co-founder of Enda. "Since our creation, we have supported more than 1.2 million individuals, granted more than 4.8 million loans, invested more than 9,600 million dinars and provided non-financial support services to more than 100,000 beneficiaries, particularly women and youth. It's a demanding responsibility that obliges us to all those who put their trust in us and it motivates us to continue our journey by offering innovative products and services that are inclusive and sustainable, in line with ENDA's fundamental values", she concludes.

Habib Ben Hassine, CEO of Maghrebia which is a strong ally of the microfinance sector in general, and of Enda Tamweel in particular: “Enda has always made financial and social inclusion the cornerstone of its action, and as a long-standing partner of this institution, we are delighted to confirm and consolidate our association with its mission to contribute to job creation, particularly for women and young people, by further boosting the potential of micro, small and medium-sized enterprises. This new transaction further seals the continuity of a privileged relationship and close collaboration in the service of financial inclusion in Tunisia.”