SOTUGAR Société Tunisienne de Garantie

The borrower shall first make contact with our financial partner (Bank, Leasing company, Investor in capital) to present the project and the type of financing (loans or shareholdings) requested. When the financial partner approves the application, he submits it to SOTUGAR.

How long does the guarantee take to be treated?

As soon as the application for a SOTUGAR guarantee is received with the necessary supporting documents, the file will be treated by concentrating on economic and commercial viability of the project suggested as well as its financial needs. The process of decision-making for the approval of a request can last up to two (2) weeks.

Guarantee fee

SOTUGAR perceives a guarantee fee which depends on the type of financing requested. It is a 0.6% in the form of annual interest rate for medium and long term loans or its equivalent flat varying from 0.9% to 2.6%, of 1% for the authorizations of the short term loans and of 3% for the shareholding in capital.
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Cover rate

SOTUGAR shares the risk related to the financing of the investments with its financial partners by taking in charge a proportion from 50% to 75% of the amounts of the accepted financing to the guarantee (in accordance with the methods of intervention of the different Credit Guarantee System that it manages); (Credit Guarantee System, Guarantee Mechanism of Financial Strengthening, Guarantee Funds of Energy Efficiency, Guarantee Funds of Credit Export)

General principles

The security taken or set to work at the time of the credit, will profit for Credit Guarantee System in proportion to their share of risk The guarantee systems profit from the clause of return to better fortune on their share of risk in case of later collection by the intervening institution.
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