MSME Finance for Employment Promotion project in Tunisia started its second phase
KfW in agreement with the Tunisian Government, represented by the Ministry of Finance and the Central Bank of Tunisia (BCT), is making available a credit line of up to 140 million Euros to seven partnering financial institutions (PFIs) to promote access to finance for micro, small and medium-sized enterprises (MSMEs). After having successfully completed the first phase, the second project phase was launched by GFA in April 2019 with a project duration of four years.
Four banks and three leasing companies are supported in defining and implementing a MSME strategy, designing and implementing respective credit assessment tools and methodologies, developing tailored financial products adapted to the MSME segment, and improving credit, operational and environmental risk management. In addition, the project provides technical assistance to BCT in the development of a management and monitoring tool for the KfW credit line. Moreover, the project supports the development and implementation of training and support measures for MSMEs in Tunisia in close coordination with other existing programs.
> Download project factsheet (pdf)