26 November 2012

Tunisia: Eighty Micro-Finance Associations to Benefit From Cut in Recovery Rate Set By BTS

Tunis — Eighty micro-finance associations, notably from the interior areas, made the most of the exceptional measure to bring down to 70% from 80% the recovery rate set by the Tunisian Solidarity Bank (BTS).

This decision, recently taken by Prime Minister Hamadi Jebali, is aimed to boost the regional development attributes and help the largest number of associations have access to BTS credits.

According a Prime Ministry's announcement, on Monday, this cut in the recovery rate claimed by the associations themselves would contribute to the creation of some 4,000 new income sources.

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