Credit guarantees are instruments that facilitate access to credit.
Institutions such as a Fund or a Credit Guarantee Society, assume the commitment to pay the debt of the bank customer, in case it defaults.
When the entity that grants the guarantee pays the customer's debt to the bank, it becomes part of the Credit Guarantee Fund or Society that will seek to recover the debt.

Procedures

Beneficiary shareholders – national MSMEs (including cooperatives) for whom financial operations and the provision of related services are intended.
Promoter Shareholders – natural or legal person that participates in the share capital at the time of incorporation. The promoting Shareholder may hold up to 75% during the first 3 years of the SGC, thereafter it must not exceed 50%

Form

• Commercial Company, in the form of a Public Limited Company, with mandatory nominative representative shares.
• Start of activity requires authorization from the BNA
• Activity Financing
• With own funds and other resources established in regulations by the BNA