What is it?

The competition FONAPRA is intended to finance your professional project relating to crafts, small trades or professions (as Nomenclature of trades authorized by CIR BCT 87-47)

For who?

Any Tunisian who wishes to exercise full-time independent business, create or develop a craft activity for which it has adequate qualifications.

Conditions

Your project must fit within the framework of activities eligible for FONAPRA The overall cost of the project should not exceed 100,000 dinars working capital included.

The competition FONAPRA includes:

·      An allocation to complete the constitution of capital needed to complete your project. This sum will be granted interest-free and repayable over a period of 11 years including a grace period of up to 7 years.

·A Medium Term Credit, based on a study by your brunch advisor.

·An investment premium of 6% to 25% of the cost of the investment according to the location of the project

Investment premiums are granted in three installments as follows:

·30% at the completion of 30% of the cost of theapproved investment

·30% at the completion of 60% of the cost of the approved investment

·40% to the effective entry into the project activity.