Reinforcing Med Microfinance Network System for Start-ups

Tunisia National Mesures

In Tunisia multiple initiatives supporting entrepreneurship have been undertaken, in line with the needs of the different sectors, in order to contribute to the fight against unemployment and to support dynamism in entrepreneurship. The main measures include non-repayable grants for both early stage companies and for those already established. TRACE JENDOUBA and CEED TUNISIE are respectively aimed at rural and agritech companies; FAST and AFKAR are mainly working on start-ups; ADAPT represents an innovative project aimed at providing additional support to investment loan beneficiaries.

TUNISIA
NAMETRACE JendoubaFASTCEED TunisieAFKARAICS
NATIONAL MEASUREXXXXX
LOCAL MEASURE
FINANCED ACTIVITYStrengthening of existing businesses + trainingCreation and strengthening of existing businessesStrengthening of existing businesses + trainingIncubation 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 juryFosters transition towards sustainable production systems in agriculture, fisheries and aquaculture sectors
TYPE OF FINANCINGNon repayable grants (the fund is looking for a leverage effect project contribution + bank/MFI/Leasing credit + own funds)Non repayable grantsLow-interest loans, grants and loans of honourService pack (covering working capital, equipment and services)A grant as support ot equity on the economic operators matching a loan in order to have a leverage effect in terms of investment
ACTIVATIONOpen procedureCall with deadlineCall with deadlineCall with deadlineRolling call
FINANCEABLE AMOUNTOverall amount: 1.2M $ (Contribution up to a maximum of 30% focuses on 14%(investment) 16% immaterial services (non material services – training, authorizations, regularization of decent work, other)Up to 10,000 eurosUp to 110.000 TNDUp to 30.000 TNDUp to 70.000 EUR
TYPE OF SOCIAL STRUCTURERural enterprisesWomenEstablished enterprisesStart-upsEstablished enterprises
TYPE OF SUPPORTFinancial supportFinancial support + trainingFinancial support + trainingFinancial support + trainingFinancial support
FINANCED INITIATIVES OVER THE LAST 3 Y15185540 (pilot phase)
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