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.

Ads by Google

Copyright © 2012 Tunis Afrique Presse. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.