6 Hrs
Source:
الشروق التونسية
Official Gazette announces microfinance regulation for individuals and small businesses
A decree has been issued in the Official Gazette of the Tunisian Republic to organize mechanisms for granting small-scale financing on an honor basis, aiming to support individuals and small and medium-sized enterprises. The decree sets the funding ceiling at 25,000 dinars for economic institutions and charitable funds, 10,000 dinars for small project owners, and 5,000 dinars for individuals to meet their consumption needs. It stipulates that the repayment period should not exceed two years, with the possibility of interest exemption. Applicants are not required to provide any guarantees. Furthermore, 50% of the allocated funds are reserved for small and medium-sized enterprises. The decree also defines the concepts of small projects and micro and medium-sized economic institutions. It includes strict procedures for submitting applications, such as a 10-day approval period, no commissions on reviewing applications, and banks being obliged to open a dedicated account to monitor the financing. These measures have come into effect starting with the allocation of bank profits for 2025 to ensure their actual implementation.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)