Official order on microfinancing issued
The Tunisian Official Gazette published Order No. 148 of 2026 on July 23, 2026, which sets out the conditions and standards for awarding honor-based financing to institutions and individuals. The aim is to organize small-scale financing mechanisms for individuals, small and medium-sized economic enterprises, and community businesses, with funding caps set at a maximum of 25,000 Tunisian dinars for institutions, 10,000 dinars for micro-entrepreneurs, and 5,000 dinars for individuals. It is stipulated that loans should be short-term, lasting from one to two years, interest-free, with a grace period not exceeding six months. Banks are prohibited from requiring guarantees or insurance. Additionally, a special account named "Honor Credit Line Account" must be opened, priority should be given to processing applications, and no fees or application study charges are to be imposed. The system aims to promote rapid and transparent financing to support small and medium projects, thereby fostering market stability. The provisions of this order came into effect starting with the allocation of profits for the 2025 fiscal year.
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