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.
