FNGCIMM – National Credit Guarantee Fund for SMEs

Activity: Established in 2001 as a state-owned company, the FNGCIMM is a (non-bank) financial institution dedicated to support SMEs’ access to finance by issuing guarantees for SME loans extended by banks and other financial institutions.

In accordance with the Government policy of stimulating the establishment of new enterprises and the development of the SME sector, and based on risk-sharing agreements concluded with partner lenders, the FNGCIMM provides a diversified range of SME guarantee instruments for both investment and working capital loans, and also manages a variety of governmental credit guarantee programs.

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