The Republic of Tunisia
Developmental Credit Lines
Loan No.: 413 Interest Rate: 4.5 % Beneficiary: Banque Tunisienne de Solidarite’ Grace Period: 5 years Project Cost: KD 73.0 million Maturity: 22 years Amount of Loan: KD 11.0 million Repayment: 35 semi-annual installments Date of Loan Agreement: 12/05/2001 First Installment: 5 years following the first disbursement Date of Effectiveness: 09/09/2001 Objectives:
The project aims at creating new job opportunities for qualified people, professionals and university graduates who lack financial resources and/or required bank guaranties, by providing loans through the Banque Tunisienne de Solidarite’ (BTS) to help them start gainful micro-projects in various sectors of the economy. It also aims at increasing production in Tunisia, improving the balance of trade by substituting local production to imports and increasing exports, and at increasing the BTS' resources.
Description:
