Since the launch of the 'credit of honour' operation on October 1, 2026, Tunisian banks have seen a surge in applications through their online platforms. The platforms, set up by 19 participating banks, allow individuals, employees, small and medium-sized enterprises, and community societies to apply for financing without interest or real guarantees. The high demand reflects the interest in this scheme, which aims to facilitate access to financing.
According to Professor of Banking Law Mohamed Nakhli, there has been a 'great enthusiasm' for the online platforms. The platforms enable applicants to submit their requests remotely and record the date and time of submission. This process helps determine the order in which applications are processed. The 'credit of honour' scheme has an overall envelope of approximately 120 million dinars, allocated among the participating banks.
The scheme's modalities state that half of the financing is reserved for employees and individual clients, while the other half is allocated to small and medium-sized enterprises and community societies. The credit can benefit from a six-month grace period, and the repayment term cannot exceed two years. Applications are treated within the limits of the envelopes allocated to each bank and according to the eligibility conditions provided by the scheme.
The online platforms have been overwhelmed by the high demand, with applications being recorded in the order of submission. The recording of an application does not automatically imply the granting of financing, as dossiers must also be examined in light of the conditions provided and the applicant's repayment capacity. The platforms will remain open until the available envelopes are exhausted.
The 'credit of honour' scheme is one of the measures aimed at facilitating access to financing in Tunisia. The high demand observed in the first hours of its launch reflects the interest in this type of mechanism. The scheme's design allows for remote applications, making it more accessible to applicants.
A total of 19 banks are participating in the 'credit of honour' scheme, which aims to provide financing without interest or real guarantees. The scheme's envelope is allocated among the participating banks, and applications are treated according to the eligibility conditions provided. The online platforms will continue to operate until the available funds are exhausted.
The Tunisian government has taken steps to facilitate access to financing through the 'credit of honour' scheme. The scheme's success will depend on the banks' ability to process applications efficiently and effectively. The high demand observed in the first hours of its launch suggests that the scheme is likely to have a significant impact on access to financing in Tunisia.
Key points
- 120 million dinars have been mobilized for the 'credit of honour' scheme.
- The scheme's platforms have been overwhelmed by high demand since their launch.
- The 'credit of honour' aims to facilitate access to financing without interest or real guarantees.
