SANAD Makes Second Investment in Tunisia with EUR 7 Million Loan to Tunisie Leasing

Date: 
22 Jul 2014

SANAD Fund for MSME (SANAD) signed a senior loan facility of EUR 7 million with Tunisie Leasing (TL), Tunisia’s leading leasing company. This credit facility constitutes SANAD’s second investment in Tunisia, thus reaffirming the fund’s support to one of its main target countries. 

Wolfgang Reuss, Chairman of SANAD’s Board of Directors said, "With this loan SANAD and Tunisie Leasing are actively supporting VSEs and SMEs, businesses which remain underserved in Tunisia and often lack access to finance. This investment will contribute to these businesses creating employment and economic growth in the country." Fethi Mestiri, CEO of Tunisie Leasing added, "This first operation will increase our capacity to finance MSMEs which are the main vector of employment creation in Tunisia, so we are delighted to start a long-term partnership with the SANAD Fund."

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Country: 
Tunisia