Central Guarantee Fund
Founded in 1949, the Central Guarantee Fund (Caisse Centrale de Garantie) is a public institution of a financial nature, that is assimilated to a credit institution.
Considered as a State instrument, the CCG contributes to give a boost to private initiatives by encouraging the creation, the development and modernization of companies. In addition to that, the CCG supports the social development through guaranteeing loans for housing.
The areas of strategic activity of CCG include:
- The credits warranty of investment , operating, financial restructuring and venture capital;
- The co-financing with the banks of investment and innovation programs in the context of sectoral strategies (industry, private education, tourism ...);
- The credits warranty for housing;
Being a natural partner of banks, the CCG has concluded with these banks cooperation agreements relating to the use of guarantee and co-financing products.
Why turning to the Guarantee?
The objective of the guarantee is to facilitate the access to financing for companies particularly the SMEs.
The CCG warranty allows to break down the barriers of financing by overcoming the lack of collateral. The guarantee is effective through the sharing of the risk borne by the BANK.
The warranty is not a subsidy. The loans, which are guaranteed by the CCG (like any other loan), engage their beneficiaries
A safe signature for the guarantee beneficiaries:
The guarantees, issued by the CCG, are unconditionally guaranteed by the State.
A clearly defined intervention policy :
The fundamental objectives of the CCG, conditions and intervention modalities, are clearly defined.
Multiple advantages:
For companies:
The intervention of the GCC offers many advantages :
- Facilitation of access to credit ;
- Reduction the cost of financing;
- Preferential treatment of SMEs;
- Improving of the relation bank-enterprise.
For banks:
- Risk sharing (supports between 50 and 80% of the risk) ;
- Further analysis of the file ;
- Development of customer portfolio ;
- Low cost of the warranty compared on a high risk-taking.
For individuals:
- A support for homeownership ;
- Facilitating student access to bank credit financing their graduate studies.
