Proparco has taken an equity participation worth 5.9 million in Enda Tamweel, the pioneering microfinance institution in Tunisia. This participation is part of the microfinance institution's reserved capital increase amounting to a total amount of 72 million dinars (about 24.3 million euros) in which five other international investors participated, including the Belgian Investment Company for Developing Countries (BIO).
Since September 2017, Proparco has been celebrating its 40th anniversary in each of its 11 regional office. On 19 April, Proparco's clients and partners in India gathered at the Residence of the French Ambassador to India and testified to the diversity of projects supported in the region.
Proparco has confirmed in 2017 its development and is continuing its growth path to achieve its objectives for 2020. With some EUR 1.4bn of financing approved, an amount up by over 30% in just two years, the objective of EUR 2bn by 2020 is well on track.
Proparco today announced an equity investment of US$ 3 million in JUMO, an emerging market technology start-up that offers unbanked or under-banked people access to financial services via their mobile phones. JUMO provides an innovative platform and suite of products that promote financial inclusion.
Proparco has granted a loan of $15 million to Tiryaki Agro, a Turkish agricultural commodities trading company. This financing will enable Tiryaki to increase its production volume, particularly organic, and to develop its activity towards new export markets. This is Proparco's second operation with Tiryaki after a first $15 million loan granted in 2012.