Guarantees to financial institutions to cover the credit risk to micro, small and medium enterprises (MSMEs).


  • Guarantees will be issued up to 50% of the principal of the loan for MSMEs. Guarantees may also be in a lower percentage.
  • Maximum sized guarantee exposure that the Fund may offer to the borrower or group of related borrowers will be 250K EUR, whereas its maximum credit exposure will be 1 million EUR.
  • The maximum deadline for the repayment of the guaranteed credit will be 120 months.
  • Long-term investment credits (for the purchase of machinery, equipment, technology and immovable property, credits related to commercial activities, such as financing of business premises, e.g. plant facilities), and credits for working capital purposes, may qualify for guarantee coverage.