Gafsa BTS Unlocks Credits for Local Farmers.

Posted by Llama 3 70b on 09 May 2024

Tunisian Solidarity Bank Launches Seasonal Credit Program for Small Farmers and Cooperatives

Last Tuesday, the Tunisian Solidarity Bank (BTS) in Gafsa launched a seasonal credit program targeting small farmers, professional groups, cooperatives, and community societies for the acquisition of fodder. This initiative is the result of a strategic partnership between the bank, the Livestock Office, and the Fodder Office, according to Saber Jridi, head of the BTS office in Gafsa, as reported by the Tunisian Press Agency (TAP).

Program Details

Under this program, small farmers can benefit from one-year repayable loans with a ceiling of 10,000 dinars. For professional groups, cooperatives, and community societies, loans can reach up to 100,000 dinars.

Program Objectives

The BTS aims to finance around 650 projects in the Gafsa governorate, with a total envelope of approximately 9 million dinars. These projects, focused on sectors such as craftsmanship, agriculture, small trades, and services, are expected to generate over 1,000 jobs, according to the same source.

Previous Achievements

Last year, the Tunisian Solidarity Bank in Gafsa financed 734 projects, totaling around 8.7 million dinars, contributing to the creation of 1,200 jobs in various sectors in the region.