Supporting Small and Medium Enterprises' Access to Finance in Tunisia
The summary for the Supporting Small and Medium Enterprises' Access to Finance in Tunisia grant is detailed below.
This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants.
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Supporting Small and Medium Enterprises' Access to Finance in Tunisia: The micro, small and medium-scale enterprise finance sector in Tunisia has changed substantially— beginning with the introduction of a new microfinance law in 2011, which opened up the market to new entrants— and the Tunisian government has continued to build on this progress through the newly-passed Start-Up Act in 2018. Tunisia has a number of policies, mechanisms and institutions to support enterprise creation and growth, and a more developed policy framework for small, and medium-sized enterprises (SMEs) than that of other North African and Levant economies, according to a recent SME policy assessment. Private equity and venture capital markets are underdeveloped. The Tunisian lending market accounts for less than ten percent of the financial sector, but is increasingly important for external financing of fixed asset investments of small- and medium- enterprises (SMEs). According to 2015 European Investment Bank report, banks limit SME business to only a subset of well-established SMEs which are able to bring in substantial collateral. Other SMEs, which have limited equity and funds, are mostly excluded. The banks' current liquidity situation encourages lending only to those clients perceived as less risky and which offer real assets as securities. Access to finance is one of the main impediments to the business environment in Tunisia, and this is particularly true for SMEs.
Federal Grant Title: | Supporting Small and Medium Enterprises' Access to Finance in Tunisia |
Federal Agency Name: | Assistance Coordination (DOS-NEA-AC) |
Grant Categories: | Other |
Type of Opportunity: | Discretionary |
Funding Opportunity Number: | SFOP0005162 |
Type of Funding: | Cooperative Agreement |
CFDA Numbers: | 19.600 |
CFDA Descriptions: | Information not provided |
Current Application Deadline: | July 19th, 2018 |
Original Application Deadline: | July 19th, 2018 |
Posted Date: | June 8th, 2018 |
Creation Date: | June 8th, 2018 |
Archive Date: | No date given |
Total Program Funding: | $1,200,000 |
Maximum Federal Grant Award: | $1,200,000 |
Minimum Federal Grant Award: | $1,000,000 |
Expected Number of Awards: | 1 |
Cost Sharing or Matching: | No |
Last Updated: | June 8th, 2018 |
- Category Explanation
- democracy, rights, governance
- Applicants Eligible for this Grant
- Public and State controlled institutions of higher education - Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education - Nonprofits that do not have a 501 (c) (3) status with the IRS, other than institutions of higher education - Private institutions of higher education - For-profit organizations other than small businesses - Others (see text field entitled "Additional Information on Eligibility" for clarification.)
- Additional Information on Eligibility
- public international organizations, small businesses with functional and regional experience in the areas of: support to small busiensses and access to finance in Tunisia
- Link to Full Grant Announcement
- Link to Opportunity in SAMS Domestic
- Grant Announcement Contact
- Elizabeth Hartman
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