Proparco backs Tunisian and Ugandan enterprises



ImpactAlpha, May 17 – Proparco, the French development finance institution, backed Tunisian microlender Enda Tamweel and Ugandan sugar maker SCOUL. Enda Tamweel offers microloans to women-run businesses and rural entrepreneurs. It will use the new investment to catalyze financing so it can make more loans. SCOUL, Uganda’s third-largest sugar maker, will use the funds to build a clean power plant fueled by sugar cane waste from its manufacturing facility.

  • Enda Tamweel… Proparco made a €5.9 million ($7 million) equity investment. Five other investors contributed funding that brought the total to $30 million.
  • SCOUL… Proparco loaned the company €20 million ($23.6 million). Dutch development finance institution FMO matched the loan, for a total of €40 million.

Proparco is complementing its investment in Enda Tamweel with technical assistance to support its lending to women. It’s the second time Proparco has invested in both companies.

You might also like...