SME Credit Guarantee Fund — Quỹ Bảo lãnh tín dụng SME

SME Credit Guarantee Fund (Quỹ Bảo lãnh tín dụng doanh nghiệp nhỏ và vừa) is a financial institution, often government-established, that issues guarantees on behalf of SMEs that cannot meet commercial banks' collateral requirements. The fund acts as a credit risk intermediary between SMEs and lenders.

Related terms: Credit Guarantee Scheme (CGS), Loan Guarantee Fund, Credit Enhancement, Partial Credit Guarantee

Usage Examples

• "The SME Credit Guarantee Fund enabled over 5,000 small businesses to access bank loans without real estate collateral."
• "Vietnam's provincial Credit Guarantee Funds charge a maximum 0.5%/year guarantee fee under Decree 34/2018."
• "The SME Credit Guarantee Fund bridges the financing gap for startups that lack credit history."

How It Works

1. SME applies to the guarantee fund
2. Fund assesses viability of business plan
3. Fund issues guarantee letter to the bank
4. Bank disburses loan to SME
5. If SME defaults, fund pays bank (then recovers from SME)

Quỹ Bảo lãnh tín dụng SME tiếng Anh là SME Credit Guarantee Fund.

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