Développement international Desjardins (DID): Putting blended finance at the service of micro and small entrepreneurs

 

According to the World Bank, more than half the businesses in Tunisia have insufficient access to financial services, which motivated Développement international Desjardins (DID) to set up an Entrepreneur Financial Centre (EFC) in the country. For the past 50 years, Développement international Desjardins (DID) has worked to boost the economic autonomy of disadvantaged populations living in developing and emerging countries through technical assistance and impact investment aimed at promoting financial inclusion and education.

Summary

Name of Organization: Développement international Desjardins (DID)

Name of Project: Entrepreneur Financial Center (EFC) of Tunisia

Type of Investment: C$3.2 million (equity and shortterm debt); $6.0 million (technical assistance)

Region: Tunisia (the Middle East & North Africa

Sector/s: Financial services / MSME finance

Key Impact Focus and Primary Metrics:

  • 237 employees (48% women)

  • 7 300 client entrepreneurs (21% women)

  • CAD33 million loan portfolio (74.4 million Tunisian dinars)

  • Average outstanding loan: $6,012 • 50% female board representation

According to the World Bank, more than half the businesses in Tunisia have insufficient access to financial services, which motivated Développement international Desjardins (DID) to set up an Entrepreneur Financial Centre (EFC) in the country. For the past 50 years, Développement international Desjardins (DID) has worked to boost the economic autonomy of disadvantaged populations living in developing and emerging countriesthrough technical assistance and impact investment aimed at promoting financial inclusion and education.

Download the Case Study

 

This case study was published in CAFIID’s 2021 State of the Sector report.

December, 2021

 
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