Reinforcing Med Microfinance Network System for Start-ups

Service pack financing by Afkar

Service pack financing by Afkar
Name of responsible organization: Afkar
Starting year2019End year2022
In partnership with AFD, Expertise France and CDC, Afkar, in the more than three years on its incubation programme, could propose an early stage financing for start-ups, NGOs and SMEs in the form of service pack. It’s a free grant but assigned after the presentation of a full dossier and final pitch in front of an external jury

What kind of activity does this measure finance?

Creation of new businessesYes 
Strengthening of existing businessesYes 
Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods)Yes
Training activitiesYes
Other (specify)It offer a grant for technical assistance and, in the case of agriculture, to pay for insurance

What type of financing is it?

Low-interest loan (indicate the repayment time and, if present, the requirement for collateral)No
Non-repayable grant (indicate the percentage of non-repayable fund)No
Tax creditNo
Other (specify)Yes – service pack (covering working capital, equipment and services)

How does the activation of the measure work?

One-stop means  
Call with closing dateX

Financial entity of the measure (indicate the resources allocated)

Overall amount1 million
% facilitation for each recipient100% of the request for fund, no specific limit of the % on the overall investment 
Minimum amount that can be financed1.000 TND
Maximum amount that can be financed30.000 TND
Origin of financial resources (European, State, Regional authority, Municipal authority, other)European

Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)

FemaleOver 50Unemployed (specify any type)Disadvantaged groups (specify type)Youth (specify age range)Other (specify)
IndividualYesNoNo NoNoNo
Company YesYesYesYesYesNo

Does the measure provide for accompaniment and training or only financial support?

Financial support + accompaniment/trainingX
Only Financial support

How many initiatives have been financed in the last 3 years and for what economic amount?

Number of initiatives  
54, and 30 more have been facilitated ot have access to programme with diaspora
Total economic amount  
Data not available yet
ReSt@rts Logo

If you do not already have a ReSt@rts Account follow the link to request one.