Tunisia mandates banks allocate 8% of profit to micro-financing

Tunisian banks are now mandated to dedicate a minimum of 8% of their previous fiscal year's net profit to honor micro-financing under advantageous conditions. This new obligation is a direct result of Article 412 of the commerce code, which was introduced by Law No. 2024-41 concerning checks, adopted in August 2024.

The legislation aims to bolster financial inclusion and support small businesses and individuals by ensuring a dedicated pool of funds for micro-loans. The favorable terms are intended to make these financial instruments more accessible and beneficial to recipients, thereby stimulating local economic activity.

This move signifies a strategic shift in the banking sector's responsibilities, pushing for greater social and economic contribution beyond traditional lending. The implementation of this article is expected to foster a more supportive financial ecosystem for emerging entrepreneurs and vulnerable populations within Tunisia.