KGF – Credit Guarantee Fund

TOBB ikiz Kuleleri C Blok, Kat 5-6-7
Dumlupinar Bulv. No: 252
06530 Ankara


(0312) 219 44 44
(0312) 219 58 72-74 (Fax)

KGF hqSince its establishment by cabinet decree in 1993, KGF has been working to make SMEs’ access to finance easier by the provision of guarantees. KGF is a non-profit organization. Our partnership structure includes TOBB, KOSGEB, TESK, TOSYÖV, MEKSA and numerous Turkish banks. KGF also benefits from counter-guarantees supported by the treasury and EIF. KGF seeks the elimination of insufficient collateral as an obstacle to SME access to finance by providing guarantees to those SMEs that don’t possess the assets bank require for collateral. To sum up, our goals are:

1) Efficient operation of the credit market

2) SMEs’ utilization of long term credits

3) Strengthening of SME competitiveness

4) Support of innovation

5) A better income distribution and increase of employment.

Year of creation
individual entities or association
Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)?Yes
Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)?Yes
Do you (your members) dispose of an internal rating/scoring system?Yes
Do you (your members) use..?
De minimis or GBER or Regional guidelines or Notification
Is the activity subject to state aid regulation?Yes
Other SME support instruments offered by your organisation/your members
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
Types of guarantee products provided by your organisation/your membersLoan default guarantees, Working capital loan guarantees, Bridge financing loan guarantees, Leasing guarantees
Are you/your members financial intermediary for EU-programmes?
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
Currently CIP and IPA partnership exists. For the future, KGF plans to participate in EaSI and COSME programmes. As a matter of fact application for EaSI has been done in May '16.
Do you benefit from a counter-guarantee at local, regional or national level?
Local level or Regional level or National level
National level - Turkish Republic Treasury Undersecretariat
Type of scheme
guarantee or counter-guarantee
Product typology
guarantee or counter-guarantee or co-guarantee
Profit / Non-profit oriented
dividends to public shareholders are not considered as profit orientation
Non-profit oriented
Supervision statute
i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members
Size of businesses supported
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
Large companies, SMEs, Micro-enterprises, Independent/Self-employed
Sectorial focus
i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc.
Agriculture, Industry, Crafts, Retail, Liberal professions, Cooperatives
Geographic coverage
i.e. local, regional, national
Structure / Network
i.e. central scheme with regional offices, central scheme only, association network
Central scheme with branches
Legal form
of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
Public Joint Stock Company
Shareholder structure
Private / Public (in %)
30% Private, 70% Public
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Private-Public mixed model
Type of organization
National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed


application/pdf | 238,3 KB
application/pdf | 247,9 KB