TAEF invests in microfinance and finances the company CFE up to 12.3 million of Dinars - TAEF

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The Tunisian American Enterprise Fund( TAEF) just announced the transaction closing with the company CFE ( centre financier aux entrepreneurs) related to an investment combined with debt and equity for a total amount of 12.3 millions of dinars with a technical assistance support.

This investment is within TAEF strategy frameworks to support the development and the financing of the microfinance sector and particularly microfinance institutions.

This second TAEF investment in the microfinance sector has an objective of sustaining microcredits portfolio growth allocated by CFE, regional development and the opening of new agencies as well as the necessary support in terms of human and technical growth.

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The U.S. Agency for International Development administers the U.S. foreign assistance program providing economic and humanitarian assistance in more than 80 countries worldwide.

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