Tunisia has more than 80,000 SMEs, which account for more than half of all jobs and 40% of the country's GDP. SMEs are therefore crucial to the Tunisian economy, in terms of growth, exports, investment, employment and innovation. However, SMEs too often encounter great difficulties in financing their activities.
Leasing offers financing solutions tailored to the needs and constraints of SMEs. TLF, the first leasing company ever created in Tunisia and the leader in this sector, is particularly active with MSMEs in the trade, services and industry sectors.
This is Proparco's 5th transaction with TLF, a long-standing partner of Proparco. Through this partnership, Proparco has supported the development and structuring of the leasing sector in Tunisia, which plays a major role in financing small businesses that are often excluded from bank credit.
This operation contributes to the Choose Africa initiative. Launched in March 2019, this joint AFD-Proparco initiative aims to dedicate 2.5 billion euros to financing and supporting start-ups and SMEs in Africa by 2022.