COSME is a new guarantee opportunity for Partner Financial Institutions to cover credit risk for micro, small and medium enterprises (MSMEs).

KCGF has transferred COSME benefits to Partner Financial Institutions by creating an affordable product with a lower guarantee fee for all loans that meet the eligibility criteria.

It is not a separate window but is framed within the actual windows, within regular window and agro window.

Which loans can benefit from COSME?

The Qualifying Loans that fulfil the following criteria will be eligible for COSME Benefits:

  • Maximum loan amount is 150,000 EUR;
  • Maximum guaranteed amount is 75,000 EUR;
  • Minimum loan maturity is 12 months;
  • Maximum loan maturity is 120 months;
  • The purpose of the loan may be for long-term investments (for the purchase of machinery, equipment, technology and immovable property related to business activities such as financing of business premises) as well as for working capital purposes.

What are the features of the guarantee?

Guarantees will be offered for up to 50% of the loan principal.

  • The maximum loss cap will be 12%.
  • Guarantee type: One-time usage
  • Inclusion period: Two and a half years (16/09/2019 to 15/03/2022  – including 6 additional months due to COVID-19 pandemic