an even higher default rate is expected for and beyond because of the revolution the fonds national de promotion de lartisanat et des petits metiers national fund for the promotion of crafts and small enterprises the banqne de financement des petites et moyennes entreprises bfpme small and medium enterprise financing bank provides loans for larger ventures between tnd and tnd million indeed according to a oecd and idrc study on new entrepreneurs and high growth enterprises in the middle east and north africa low enterprise activity rates in the region are in part due to the low levels of participation of women in the formal economic sphere as both employees and business leaders