SANAD and Attijari Leasing continue support for MSMEs in Tunisia
SANAD and Attijari Leasing continue support for MSMEs in Tunisia
Luxembourg and Tunis, January 15, 2019 – The SANAD Fund for MSME (SANAD) has provided a senior loan of EUR 7 million to longtime partner Attijari Leasing to expand financing opportunities for micro, small, and medium enterprises (MSMEs) in Tunisia.
Attijari Leasing is one of the leading leasing companies in the country, with a strategic focus on catering to the MSME segment. This frequently underaccommodated “missing middle”is especially well served by leasing: Unlike many bank loans, leasing does not require collateral in addition to the leased asset, making it a more accessible financing option for smaller-sized businesses. The new SANAD funding aims to help Attijari Leasing further expand its outreach to micro and small enterprises.
SANAD Board Chairperson Dr. Daniela Beckmann said: “Attijari Leasing’s extensive, nation-wide branch network allows for excellent outreach to SANAD’s target group of MSMEs, including those in rural areas. We are pleased to be continuing this successful collaboration in the pursuit of SANAD’s mission to promote financial inclusion and economic development in the region.”
General Information
About Atijari Leasing
Attijari Leasing was created in December 1994 under the name of General Leasing. It offers financing solutions adapted to professionals and companies of all sizes, in addition to private individuals. Attijari Leasing seeks the satisfaction of its customers, regularly improving its already existing products. The company’s Leasing Mobilier & Immobilier solution allows customers to fully finance property while remaining liquid, with the possibility of eventual ownership. Attijari Leasing focuses on simple financing solutions.
For more information, please visit: www.attijarileasing.com.tn
About SANAD
The SANAD Fund for MSME (SANAD) was established in 2011 to foster economic development and create jobs, particularly for youth in the Middle East and North Africa. SANAD strives to meet these goals by providing debt and equity financing to local partner institutions, such as commercial banks, microfinancers, and other financial institutions, who on-lend money to support micro, small and medium enterprises and to finance housing. The SANAD Technical Assistance Facility multiplies the fund’s development impact and outreach through capacity-building at partner institutions, developing financial infrastructures according to the principles of responsible finance and conducting much required R&D. SANAD’s investors include the KfW Development Bank, which initiated the fund, the German Federal Ministry for Economic Cooperation and Development (BMZ), the European Union, Switzerland’s State Secretariat for Economic Affairs (SECO), and OeEB, the Development Bank of Austria. A public-private partnership, the fund is advised by Finance in Motion GmbH, Frankfurt am Main, Germany. For more information, please visit: www.sanad.lu.
Media Contacts
Media contact - Atijari Leasing
Jamel Chammem
Head of Support Activities
Phone: +216 70 136 445
Email: jamel.chammem@attijarileasing.com.tn
Media contact - SANAD
Nikki Eggers
Senior Officer, Marketing & Communications
Phone: +49 (0)69 271 035-470
Email: press@sanad.lu