Grameen Foundation : Where we work : Middle East / North Africa : Tunisia : ENDA
ENDA Inter-Arabe
| Status snapshot as of March 2008 | |
| Active clients | 68,911 |
| Loan portfolio (USD) | $24,205,976 |
| Portfolio At Risk >30 days* | 0.6% |
| * Value of all loans outstanding that have one or more installments past due more than 30 days | |
As a non profit international NGO founded in 1990 and providing microcredit since 1995, enda-ia is the first institution in Tunisia following internationally recognised microfinance best practices.
ENDA-ia targets people (82% female) in disadvantaged communities in urban and rural areas of Tunisia, from 40 branches.
ENDA-ia reached financial self sufficiency in 2003 becoming a sustainable financial institution. In 2005, it began contracting commercial loans to increase the capital needed to expand it activities.
ENDA-ia is the founding member of Sanabel, the Microfinance Network of Arab Countries that seeks to promote microfinance in the region. In 2006, it became a member of MFN, the Microfinance Network and of MAIN, the African network.
Outreach:
ENDA-ia aims to serve 180,000 clients from 100 branches with a portfolio of over $ 86 million by 2010.
Grameen Foundation support:
ENDA-ia formed a relationship with Grameen-Jameel in June 2003. A board member was given a scholarship for an intensive training seminar organized by the Grameen Bank in Bangladesh, and staff received scholarships from Grameen-Jameel for training opportunities in the region. In 2006, Enda-ia received a local currency loan of $750,000 backed by a $375,000 guarantee by Grameen-Jameel through the Grameen Foundation Growth Guarantee product. This transaction – partnering a local bank and a local microfinance institution with only a partial guarantee – broke new ground for the microfinance sector in Tunisia and in the region.
Awards:
• Dubai International Award for microfinance best practices (2006)
• President’s Award for promoting the family (2005)
• AGFUND granted enda its first category Award for international & regional projects in the field of microcredit contributing to the Millenium Development Goals (2005)
• Certificate for financial transparency (five diamonds) the Mix Market & Sanabel (2005)
• Stellenbosch University Awards for small and micro-enterprise (general and regional categories), South Africa (October 2003)
Grameen Foundation : Where we work : Middle East / North Africa : Tunisia : ENDA
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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