USAID Tunisia JOBS is partnering with leading microfinance institutions Baobab Tunisie and Advans Tunisie to provide financial solutions for micro, small and medium enterprises (MSMEs) impacted by the COVID-19 pandemic.
Baobab and Advans have undertaken different approaches to design and implement working capital loans, which allowed to mobilize +100 million TND in funding for 16,445 micro and small enterprises throughout Tunisia. 38% of grant beneficiaries are women-owned and employing women companies, and 35% are owned by youth.
Baobab and Advans provided +90 million TND in working capital loans, while USAID Tunisia JOBS contributed about 8 million TND in grants.
Loans and grants have helped micro and small businesses maintain and create approximately 29,700 jobs.