Tunisia has over 80,000 SMEs, which account for over half of employment and 40% of GNP. They are consequently a real driver for the Tunisian economy for growth, export, investment, employment, as well as for innovation. However, they are often faced with constraints to finance their business.
Leasing companies play a key role in providing SMEs with simple and rapid solutions to finance their investments. PROPARCO has been supporting them for 20 years.
With this loan, PROPARCO is launching a partnership with Compagnie Internationale de Leasing (CIL), a longstanding and recognized player in this sector, to help it diversify its sources of financing and develop its business.
Supporting SMEs is central to PROPARCO’s Choose Africa strategy. Launched in Nairobi by the French President, the Choose Africa initiative aims to support entrepreneurs: AFD Group makes all its tools available to start-ups, microenterprises and SMEs to finance them and assist them at the various stages of their development, in particular via local partners supported by the Group. EUR 2.5bn will be earmarked to support African entrepreneurs by 2022. A total of some 10,000 small and medium-sized enterprises will benefit from this initiative.